Canadian Manufacturing

Manitok Energy inks lease deal with Encana; plans to spend $106M

by The Canadian Press   

Canadian Manufacturing
Financing Energy Alberta finance

Will spend $106-million in southeast Alberta leases over three-year period, including $22-million in 2014

CALGARY—Manitok Energy Inc is acquiring additional petroleum and natural gas leases in southeast Alberta from Encana Corp.

The Calgary-based junior energy company says Encana has agreed to a three-year lease covering 38,757 hectares in the Entice area.

Manitok will have a 100 per cent working interest in the leases, which are contiguous with its core areas.

It has committed to spend $106-million over the period, including $22-million in 2014.



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