CALGARY, ALBERTA--(Marketwire - Nov. 21, 2012) - Amarok Energy Inc. ("Amarok" or the "Corporation") (News - Market indicators) announces the release of the financial results for the three and nine months ended September 30, 2012.
The Corporation's financial statements and management's discussion and analysis for the three and nine months ended September 30, 2012 will be available on SEDAR at www.sedar.com.
Amarok was formed pursuant to an amalgamation on August 22, 2012 between Drako Capital Corp. and Trilateral Energy Ltd. ("Trilateral"). Trilateral was a privately held company with oil and gas assets in the United States and Colombia.
The Stolberg 15-19 well in Alberta was placed into production in August 2012. The initial production rate was approximately 75 bbl/d (6 bbl/d net) of light sweet oil. There are no further plans for this well, but the operator will continue to optimize the mechanical pump.
Amarok holds oil and gas lease rights located in Montana, USA which were held by Trilateral at the time of the amalgamation. Currently leases for 6,204 net acres are held by Amarok along with 7 miles of 2D seismic has been acquired. The seismic data is currently being processed.
Amarok is a Calgary, Alberta based corporation engaged in the exploration, development and production of petroleum and natural gas in highly structured play fairways of North America and Colombia.