Magnum Energy Inc. Is an emerging oil and gas company focused on the production, development, and exploitation of its two producing core properties in Southeast Central Alberta. The Company continues to evaluate merger and acquisition opportunities fitting with the Company's growth criteria.
Currently, the main focus of development is the producing Viking Light Oil lands located in Provost, Alberta that is part of the Viking Trend that stretches from Southwest Saskatchewan to Northwest Alberta, where the successful application of horizontal multi-frac technology has enhanced the recovery of existing reserves. The Company also maintains 100% ownership of the Sedalia gas facility and associated gas production.
Aug 19, 2014: Magnum Energy completes $200,000 private placement
Aug 01, 2014: Magnum Energy Announces Private Placement Offering
Jul 03, 2014: Magnum Announces New President
Jun 13, 2014: Magnum Announces Closing First Tranche Of Private Placement
May 29, 2014: Magnum Announces Non-Brokered Private Placement