Kelt Exploration and Artek Exploration are pleased to announce the successful acquisition by Kelt of all of the issued and outstanding common shares of Artek pursuant to the previously announced plan of arrangement between Kelt, Artek and the shareholders of Artek. Arrangement Artek Shareholders approved the Arrangement by an overwhelming majority [...]
Artek Exploration is pleased to provide this summary of its financial and operating results for the three months and year ended December 31, 2014. A complete copy of the Company's audited comparative financial statements for the years ended December 31, 2014 and 2013, along with management's discussion and analysis in respect thereof will be filed [...]
Artek Exploration is pleased to announce that it has entered into an arrangement agreement with Kelt Exploration, pursuant to which Kelt has agreed to acquire all of the issued and outstanding common shares of Artek on the basis of 0.34 of a common share of Kelt for each Artek Share held. The consideration reflects a value of approximately $2.76 [...]
Artek Exploration is pleased to announce the results of its independent reserve evaluation for the year ended December 31 as prepared by Sproule Associates. 2014 HIGHLIGHTS: Increased Proved plus Probable reserves by 9% to 46.4 million boe and Proved reserves by 12% to 24.0 million boe and Proved Developed Producing reserves by 31% to 6.6 million [...]
Artek Exploratio is pleased to provide the following update. As a result of its operational success in late 2014 including record production rates from Artek's fourth quarter Montney and Doig horizontals in its Inga/Fireweed area of operations and some of the highest IP60 rates for liquids seen in British Columbia this year, the Company is in a [...]
Artek Exploration is pleased to provide the following operational update. In the Inga/Fireweed area, during the final two months of 2014, the Company drilled and completed two horizontal Doig wells and one Montney well. The Doig horizontal well at 5-28-87-23W6M was completed using a 22 stage slickwater frac and has been on production for [...]
Artek Exploration is pleased to announce that it has successfully closed the non-core asset disposition transactions which were previously disclosed in its press release of December 2, 2014, for total cash proceeds to the Company of $21.85 million, before customary closing adjustments. Artek is a crude oil and natural gas exploration, development [...]
Artek Exploration is pleased to announce that it has entered into purchase and sale agreements to dispose of certain non-core assets in the Peace River Arch area of Alberta. Total cash consideration, before customary closing adjustments, for the Divested Assets is approximately $21.85 million providing the Company with additional balance sheet [...]
Artek Exploration is pleased to provide this summary of its financial and operating results for the three and nine months ended September 30, 2014. A complete copy of the Company's comparative financial statements for the three and nine months ended September 30, 2014, along with management's discussion and analysis in respect thereof will be filed [...]
Artek is pleased to provide the following operational update: In the Inga/Fireweed area, the Company's A-65-I Horizontal Montney well that was completed with a slickwater frac in the second quarter of 2014 has been on production for 30 days and during that time period averaged approximately 903 boe/d of which 513 bbl/d or 55% was free condensate [...]
Artek Exploration is pleased to provide the following operational update. The Company has conducted its second Montney well completion of the year in the Inga/Fireweed area. At the well location a-65-I/94-A-12, the Company completed the Upper Montney formation using a 33 stage slickwater frac program. Over the last 48 hours of a 6.5 day cleanup [...]
Artek Exploration is pleased to provide this summary of its financial and operating results for the three and six months ended June 30, 2014. A complete copy of the Company's comparative financial statements for the three and six months ended June 30, 2014, along with management's discussion and analysis in respect thereof will be filed on SEDAR [...]
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