Marksmen Energy Inc. is pleased to announce the following drilling program update: In late August of 2022 Marksmen commenced a three well development drilling program in Pickaway County, Ohio in the Cambrian Knox formation. As of October 7, 2022, the three wells have been drilled to total depth and each well has been acidized and swab tested. With each swab pull there were excellent oil shows to the surface tanks/pits [...]
Marksmen Energy Inc. is pleased to announce the following update to its 2022 drilling program: Portage County, Ohio - Marksmen and its working interest partner, PEP Drilling LLC , have successfully recompleted the Clinton Sandstone zone of the Reese #1 oil and gas well. Marksmen has an 80% working interest before payout. Currently the well is producing oil and gas but is still recovering residual completion fluids. Minor [...]
Marksmen Energy Inc. is pleased to announce the following update to its drilling program: Portage County, Ohio - Marksmen and its working interest partner, PEP Drilling LLC , have successfully recompleted the Clinton Sandstone zone of the Reese #1 well. Marksmen managed the recompletion project and will pay 100% of the capital costs to earn an 80% working interest. The well has been completed on or below budget. All [...]
Marksmen Energy Inc. is pleased to announce the following update to its drilling program: Pickaway County, Ohio - Marksmen, as part of its continuing agreement with its long-term partner, Houghton Investments LLC will drill three additional Cambrian Knox Davis Holbrook offset wells. The Davis Holbrook #3 well, was spudded on August 24, 2022, surface casing has been set and currently drilling ahead with total depth [...]
Marksmen Energy Inc. is pleased to announce the following update to its drilling program: Portage County, Ohio - Marksmen and its working interest partner, PEP Drilling LLC , commenced the recompletion of the Reese #1 well on July 25, 2022. Marksmen is managing the recompletion and will pay 100% of the capital costs to earn an 80% working interest. The lower Rose Run formation has been plugged back and 44 feet of 100 feet [...]
Marksmen Energy Inc. announces that it has filed disclosure documents for the year ended December 31, 2021 on SEDAR as listed below: CEO and CFO Certifications Audited Consolidated Financial Statements Management's Discussion and Analysis Form 51-101F1 - Statement of Reserve Data and Other Oil and Gas Information Form 51-101F2 - Report on Reserves Data by Independent Qualified Reserve Evaluator Form 51-101F3 - Report of [...]
Marksmen Energy Inc. announces that the success of its two Davis Holbrook wells at Pickaway County, Ohio validates drilling at other offset locations in the Cambrian Knox formation. Marksmen is pleased to announce that it has entered into an agreement with its long-term partner, Houghton Investments LLC to drill three Cambrian Knox Davis Holbrook offset wells in Pickaway County, Ohio. Marksmen will be the operator and [...]
Marksmen Energy Inc. announces that an early warning report has been filed by Glenn Walsh, an insider of the Company. On December 30, 2021, Mr. Walsh exercised 800,000 share purchase warrants of the Issuer held indirectly through his wholly owned company, Conex Services Inc. , resulting in the disposition of 800,000 Warrants and the acquisition of 800,000 common shares of the Company . Mr. Walsh previously filed an early [...]
Marksmen Energy Inc. announces that further to a press release of November 26, 2021, the Company continues to be pleased with the production from the Davis Holbrook #2 well drilled in August of this year. Marksmen is the operator and holds a 75% working interest . The well is currently being produced from the lower of two Cambrian Knox intervals and Marksmen is currently evaluating various technical parameters to ensure [...]
Marksmen Energy Inc. announces the following: Operational Update, Pickaway County, Ohio - Marksmen is pleased to announce that the Davis Holbrook #2 well drilled in August of this year was equipped and put on production in mid-October. Marksmen is the operator and holds a 75% working interest. Production in the second half of October averaged 106 bbls per day. It is being produced from the lowest of two Cambrian Knox [...]
Marksmen Energy Inc. announces that it has completed the second and final closing of its previously announced non-brokered private placement of units of Marksmen , which was increased pursuant to the Company's news release dated October 25, 2021. The Company issued 14,913,330 Units at a price of $0.06 per Unit for gross proceeds of $894,800, bringing the total aggregate gross proceeds raised under the Offering to [...]
Marksmen Energy Inc. announces that, further to its news releases dated August 30 and September 29, 2021, it has increased its previously announced non-brokered private placement of up to 12,500,000 units of Marksmen at a price of $0.06 per Unit for aggregate gross proceeds of up to a maximum of $750,000 to a non-brokered private placement of up to 20,833,333 Units for gross proceeds of up to a maximum of $1,250,000 [...]
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