Company Summary

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Manitok is a public oil and gas exploration and development company focusing on conventional oil and gas reservoirs in the Canadian foothills along with heavy crude oil in east central Alberta. The lower risk profile and higher operating net backs of heavy crude oil are a great compliment to the high impact growth opportunities present in the foothills. While many companies are actively pursuing unconventional opportunities, Manitok has taken a contrarian approach to avoid the cost pressures associated with such fierce competition by focusing on under developed conventional plays in the foothills. Manitok has positioned itself to be an "early mover" in this stage of development in order to maximize its potential for growth.

Investment Highlights

· Current production - 4,300 boe/d (52% Oil & Condensate)
· Increased production by over 20 times in the last 2.5 years
· Funds from operations per share increased from $0.03/share in Q1 2012 to $0.11/share in Q1 2013
· Achieved finding and development costs of $15.26 per proved boe of reserves
· Expected 2013 capital program of $71 million funded by cash flow and $90 million credit facility
· Anticipated 2013 exit production rate of 5,500 boe/d (65% oil)

Projects/Properties Information

The Foothills Project

Foothills region highlights

· World class technical team drilled > 200 wells, while at Talisman Energy, gaining extensive knowledge; bypassed many conventional reservoirs

· Team already knows where shallow opportunities exist from years of drilling deeper targets

· Reduced risk on shallower opportunities due to abundant seismic and borehole data from deeper drilling

· Significantly lower land prices and abundantly available trade seismic in the Foothills today relative to pre-2008

Project facts

· 181,500 gross acres (99,041 net) in Central AB Foothills; makes up about 50% of Manitok’s total net land base

· Ownership in both operated and non-operated facilities with significant capacity available

· Are rich in sweet light oil and liquids rich natural gas

· Proved plus Probable Reserves as of Dec 31, 2012 - 14,862.3 Mboe

· Year round access, minimal surface lease issues, and full range of services nearby

· Long term corporate plan to become a dominant exploitation/exploration group in the foothills over the next 5 to 10 years

Diversified reserves

· Cardium light oil - Cabin Creek and Brown Creek

· Multi-zone liquids rich natural gas - Lovett River/Basing

Share Structure

Manitok Energy Inc.


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(as of August 15, 2013)

Management Bio

Massimo M. Geremia, President & CEO
Co-founder of Manitok in 2005 Mr. Geremia has over 20 years of experience in the Oil & Gas, Finance, and Real Estate industries with Birchcliff Energy Ltd., Equatorial Energy Inc., and Boardwalk Equities Inc. The last 10 years exclusively in the Oil & Gas sector.

Tim de Freitas, Ph. D., Vice President, Exploration & COO
Co-founder of Manitok in 2005; Mr. de Freitas earned his B.Sc., M.Sc., and Ph.D. degrees in geosciences from the Universities of Toronto, Western Ontario, and Ottawa, respectively. In 1991, he entered into an industrial post doctorial fellowship focusing on circumpolar regional geoscience. After several years of arctic work, he moved to Imperial Oil and Nexen, to work on steam assisted bitumen recovery, structural geoscience, and conventional heavy oil. Since 1999, Mr. de Freitas has worked at British Gas International and Talisman Energy, in various technical and managerial capacities in foothills exploration and development teams. Mr. de Freitas is responsible for the discovery of many oil and gas pools in the unstructured plains and in the complex structured foothills of western Canada; he also gained a reputation as a technical lead in company asset groups.

Robert Dion, CA., Vice President, Finance & CFO
Mr. Dion has over 20 years of financial experience in the petroleum industry holding various managerial positions during that time. He graduated from the University of Saskatchewan in 1988, with a Bachelor of Commerce degree and has been a member of the Institued of Chartered Accountants of Alberta since 1991. Most recently, Mr. Dion was Finance Manager at Compton Petroleum from September 2003 to January 2010 where he was involved in the issuance of debt and equity securities, corporate acquisitions and restructuring. Prior to that, Mr. Dion held various senior financial positions at Canadian Natural Resources, Rio Alto Exploration, and Nexen.


Bruno P. Geremia
Robert J. Dales
Massimo M. Geremia
Wilfred A. Gobert
Gregory E. Peterson
Tom Spoletini

Contact Information:

Manitok Energy Inc.
Suite 2500, 639 5th Ave SW
Calgary, Alberta
Canada, T2P 0M9

Tel: +1 403.984.1750
Fax: +1 403.984.1749