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The Mancal Group has been involved in the oil and gas business through a number of entities including Nuehren-Mannix Petroleum (in 1914), Western Decalta and Pembina Resources. Mancal re-entered the energy industry in the summer of 1999, after a two year absence, when Mancal Energy Inc. was created. It combined the financial strength of the Mancal Group with a seasoned management team. This team has a proven track record of building successful exploration and production businesses. The team has grown over the years with the addition of other talented staff to manage and stimulate the company's growth. Mancal Energy employs a multi-disciplinary approach to draw on the expertise and experience of its team to achieve optimal solutions. Its strategy is to develop exploration areas which have the potential to expand to core operating properties. Due to commodity price volatility, Mancal Energy's aim is to maintain a balance of oil and gas production reserves and exploration opportunities. Mancal Energy will complement exploration successes with acquisitions, and also divest non-core properties from time to time. Mancal Energy has established itself as a successful exploration oriented company. With undeveloped lands exceeding 200,000 acres of significant drilling potential, and 6,000 BOE/d of production, Mancal is well positioned to continue its growth. |
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