The Canadian Press
CALGARY - Manitok Energy Inc (TSXV:MEI) is acquiring additional petroleum and natural gas leases in southeast Alberta from Encana Corp. (TSX:ECA).
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.