Total production up 43%
Manitok Energy (ticker: MEI) announced first quarter results today, showing a net loss of $3.8 million, or ($0.01) per share.

Manitok has grown significantly in the last year, with production growing from 4,407 BOEPD in Q1 2016 to 6,300 BOEPD in Q1 2017. This 43%year-over-year growth is primarily driven by Manitok’s expanding natural gas production, which grew by 66% in the last year. Light oil makes up about 26% of the company’s production, while natural gas provides 63% and NGLs make up the remaining 11%.


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