Marksmen Announces Operational Update

CALGARY, Alberta, Nov. 20, 2018 (GLOBE NEWSWIRE) — Marksmen Energy Inc. (“Marksmen” or the “Company”) is a 60% working interest owner in the Leaman #1horizontal well operated by Hocking Hills Energy and Well Services LLC of Ohio.

Marksmen is pleased to announce that on November 17, 2018 a cased-hole whip-stock assembly was successfully placed in the production casing.  The whip-stock assembly was placed with a service rig and milling operations were initiated.  The whip-stock will be used to begin sidetrack operations to laterally drill up to 1,500 feet in the Clinton Sandstone, which was previously stimulated with hydraulic fracturing.

Completion of milling and drilling of the lateral in the Clinton Sandstone will be accomplished using a top drive drilling rig provided by Decker Drilling of Ohio.  Subject to equipment availability, work is expected to begin on or about November 28, 2018.  The lateral drilling operation is expected to take approximately 10 to 15 days to complete.