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Marksmen Energy Announces Q1 2020 Filings on SEDAR and Operational Update


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Source: Marksmen Energy

CALGARY, Alberta, June 18, 2020 (GLOBE NEWSWIRE) — Marksmen Energy Inc. (TSXV: MAH) (OTCQB: MKSEF) (“Marksmen” or the “Company”) announces that it has filed disclosure documents for the three months ended March 31, 2020 on SEDAR as listed below:

  • Unaudited Financial Statements
  • Management’s Discussion and Analysis
  • CEO certificate of interim filings
  • CFO certificate of interim filings

These documents can be found in Marksmen’s disclosure documents on the SEDAR website at www.sedar.com.

Operational Update

Marksmen has a Joint Operating Agreement with PEP Drilling LLC of Ohio, to recomplete up to 40 wells where the Clinton Sandstone was bypassed when the wells were drilled a number of years ago that targeted a much deeper horizon. These wells are located in Portage County, Ohio with good access roads and come complete with a full complement of surface and downhole equipment.

Marksmen is pleased to announce that the first Clinton Sandstone recomplete bypass well was perforated on May 26, 2020 and hydraulic fractured on May 28.  As of June 12, 2020, the well is now in the production testing phase and preliminary flow rates for both oil and natural gas continue to be very positive. Work is continuing to increase pumping rates, add an additional production tank, and generally fine tune production operations. An initial production rate will be announced as soon as possible.

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.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

This news release may contain certain forward-looking information and statements, including without limitation, statements pertaining to flow rates. All statements included herein, other than statements of historical fact, are forward-looking information and such information involves various risks and uncertainties.  There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information.  A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in Marksmen’s disclosure documents on the SEDAR website at www.sedar.com.  Marksmen does not undertake to update any forward-looking information except in accordance with applicable securities laws.

 



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