
Manitok Energy Shifts into Growth Mode
Canadian producer purchases processing plant for $4.75 million; looking at further acquisitions Manitok Energy (ticker: MEI, ManitokEnergy.com) announced Wednesday that it has purchased a 14 MMcf/d natural gas processing plant in the Carseland area from a private company for $4.75 million. The acquisition included approximately 450 Mcf/d of natural gas production, the related gathering systems, 5,760 acres of undeveloped land