Manitok Energy Inc. (Manitok), formerly Desco Resources Inc. is an oil and gas exploration and development company focusing on conventional oil and gas reservoirs in the Canada and heavy crude oil in east-central Alberta. Manitok has approximately 35 potential drilling locations, targeting a variety of reservoir types, on its existing undeveloped land base of 81,343 net acres. Manitok was a capital pool company. On July 8, 2010, the Company completed the amalgamation between Desco Resources Inc. (Desco) and Manitok Exploration Inc. The Amalgamation constituted the Company's qualifying transaction. On April 5, 2012, the Company disposed of its entire working interest in its heavy oil assets (Assets) in the Swimming area of Alberta.
|Headquarters||Suite 2500, 639 5th Avenue SW|
CALGARY, AB, Canada T2P 0M9
|Chairman of the Board||Bruno Geremia|
|President, Chief Executive Officer, Director||Massimo Geremia|
|Chief Financial Officer, Vice President - Finance||Robert Dion|
|Vice President - Exploration and Chief Operating Officer||Tim De Freitas|
|Vice President - Land||Dorothy Else|
With TD Waterhouse, you have access to the industry's leading selection of independent research reports from providers such as TDSI, TD Securities, S&P, INK and Argus.
|Shares Out.||70.4M||Book Value||$1.29|
|Annual Dividend Rate||$0.00||Price/Sales (TTM)||5.3|
|Ex-Div Date||1/1/01||P/Cash Flow (TTM)||16.7x|
|Pay Date||1/1/01||Operating Margin||0.40%|
*GAAP = prior to non-GAAP analyst adjusted earnings.