Current MEI:CA Stock Info

Assets include 48,000 acres and 430 BOEPD of production
Manitok Energy (ticker: MEI) announced the acquisition of Craft Oil for approximately $6.6 million in stock.

Craft owns about 48,000 acres of land in Alberta and 1.3 MMBOE of reserves. The company is currently producing about 430 BOEPD. Craft completed several divestitures in recent months and now is debt free, meaning Manitok will not need to assume debt in this transaction. Craft also has approximately $33 million in total tax pools, including approximately $17 million in non-capital...

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