Mako Energy (MKE)

Shares / Stock Code

MKE

Stock Exchange / Sharemarket

ax

Mako Energy (MKE) was designed from inception to be an aggressive oil & gas business that combines Australian corporate expertise with a highly credentialed Canadian operational team with relationships to secure opportunities in the established Canadian oil and gas industry. It will be one of the only Australian stock market listed companies with strategic access to Canadian oil and gas assets. Investors can trade Mako Energy shares on the Australian Stock Exchange (ASX).

The industry is characterised by both new opportunities and bypassed opportunities. The bypassed opportunities are poised to become highly profitable and productive due to new technical and geological capabilities and improved economic conditions. The Canadian oil & gas sector is supported by extensive and sophisticated infrastructure and pipeline networks servicing both local and US markets and refineries.

Mako Energy is focused on building an optimal production profile through a variety of projects that combine high growth with astute capital management. All projects will be assessed against high benchmarks of return on capital and accretive value to shareholders, and all will add to the Company’s reserves and production profiles.

The JV has identified in excess of 50 ‘by-passed pay’ locations within a defined prospect area in Western Saskatchewan and Eastern Alberta. The prospects have indicative pay from one or more of the Mississippian Bakken Sand, the Upper Mannville Waseca Sand, Basal Mannville Detrital Sand and the Basal Mannville Lloydminster Sand formations.

The JV has acquired appropriate oil and natural gas rights to 8 of these Sections of Land, and will continue to acquire further lands by a combination of Crown auction, private treaty and joint venture/farm-in over the coming 12 months and into the future. Harness technical information suggests that the resource is related to “Marengo Mantario”, one of the larger North American oil discoveries in recent history, however this can only be confirmed with exploration. The JV business case, expects to identify individual 1 to 2 million barrel pools of recoverable, cold flowing, heavy oil on a regular basis as it ‘re-enters’ these old well sites. It is also possible that larger pools, of between 5 million and 10 million barrels will be encountered.