Artek Exploration Ltd. is a junior oil and gas exploration and production company based in Calgary, Alberta that commenced operations in February 2005 as a private company.
Since its founding, Artek has grown production from zero to over 4,000 boe/d and reserves from zero to 29.6 mmboe on a proved plus probable basis by the end of 2012 primarily through the drill bit. The Company's operational activities are concentrated mainly in the Peace River Arch and Deep Basin areas of Alberta and British Columbia where it is focused on investing in organically generated resource natural gas liquids, natural gas, and oil projects to achieve its reserves, production and cash flow growth objectives. Artek also has a producing conventional light crude oil project located in central Alberta.
On January 14, 2010, Artek completed a reverse take-over of COSTA Energy Inc. and began trading on the TSX Venture Exchange on January 21, 2010 under the symbol RTK. On September 9, 2010 Artek graduated to the Toronto Stock Exchange. Artek's primary objective is to continue using its strong technical expertise in its core areas to achieve profitable per share growth in reserves, production and cash flow, complemented with opportunistic acquisitions that have drilling upside and where the Company has a competitive advantage.