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Marksmen Energy Inc V.MAH

Alternate Symbol(s):  MKSEF

Energy Oil & Gas E&P
Marksmen Energy Inc. is a Canada-based energy company. The Company is engaged in the acquisition, exploration, development and production of oil and gas properties, primarily located in Ohio, United States. The Company’s projects include Davis Holbrook, which is an oilfield property in Pickaway County, Ohio and the formation is the Cambrian Knox. The Company is the operator and holds a 75% working interest in the Holbrook Davis #2 and Davis #1 wells. The Company's wholly owned subsidiary is Marksmen Energy USA, Inc.


TSXV:MAH - Post by User

Marksmen Energy Inc
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Post by moneywagonon Sep 15, 2023 1:02pm
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Post# 35638569

ARCHIE NESBITT LINKEDIN POST~WHY ONLY THIS NR? CAN U READ?

ARCHIE NESBITT LINKEDIN POST~WHY ONLY THIS NR? CAN U READ?https://myemail.constantcontact.com/MARKSMEN-ANNOUNCES-DRILLING-PROGRAM-UPDATE.html?soid=1108687355442&aid=dMDwpAqvU5I


Marksmen Energy Inc.

 

MARKSMEN ANNOUNCES DRILLING PROGRAM UPDATE

 

CALGARY, ALBERTA, August 23, 2022 – Marksmen Energy Inc. (“Marksmen” or the “Company”) (TSX: MAH) is pleased to announce the following update to its drilling program:

 

Portage County, Ohio – Marksmen and its working interest partner, PEP Drilling LLC (“PEP”), 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 of the higher Clinton Sandstone pay zone formation was perforated and acidized on August 8, 2022. On August 22, 2022, the Clinton Sandstone reservoir was hydraulically stimulated with over 2,000 barrels of solution and 300 sacks of sand injected at 3,050 PSI. Well clean-up activities, including flowback and swabbing, are currently ongoing and will be followed by installing of tubing, rods and a bottom hole pump. Then a pumpjack and tanks already on location and provided by PEP, as part of the joint agreement, will be tied in. This is expected to be followed by commercial production of oil and gas.

 

PEP is continuing to permit and prepare a number of other recompletion well locations they have available in Portage County under similar terms to Marksmen as the Reese #1 well.  

 

Additionally, Marksmen’s technical team continues to collaborate with their counterparts at PEP, evaluating a number of Rose Run formation drilling opportunities. These new wells are adjacent to other Rose Run wells that have each produced in excess of 145,000 barrels of oil and associated natural gas.

 

For additional information regarding this news release please contact Archie Nesbitt, Director, and CEO of the Company at (403) 265-7270 or e-mail ajnesbitt@marksmenenergy.com.

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