MAH NEWS$$$~220 BARRELS WTI PER DAY~FRIDAY 13TH LOTTERY DAY The upper zone was perforated on Monday, October 9, 2023, and swabbing operations commenced soon after. There were significant oil shows seen in the surface production tank from the first to last swabs. This formation is typically a water-drive with small amounts of solution gas.
The well will be put on pump Friday, October 13, 2023. All surface equipment, storage tanks and electrical equipment are already in place. The bottom hole pump and pumpjack are capable of pumping up to 220 barrels of fluid per day. Marksmen owns and operates a water injection well/facility that can handle produced water at low costs. Marksmen’s operating costs are expected to continue to be low with netbacks (revenue per barrel less royalties and operating costs) to be amongst the lowest in the industry.