Marksmen Energy Inc. (MKSEF)

[CashCowMoo]

Have you ever talked to the company? Its too bad the PPS was over .10 at the beginning of the year now half that.

[SkyTrader7]

Terrible. We have to wait for next news.

[CashCowMoo]

Still dead

[lovethatgreen]

It appears the well is less than mediocre.

If you are in the mood for some bullshit

Email fhe ceo

[SkyTrader7]

Any news on horizon?

[lovethatgreen]

Nesbitt is fos like ya read about .

[pmunch]

Where is the OIL ?!!

[lovethatgreen]

He's a piss poor communicator

What he doesn't say is once the well is cleaned out it has the possibility and was expected to flow on its own and the numbers go up

240bod is max it can pump by equipment alone

[SkyTrader7]

News out. What do you think about the estimated production numbers?

[mkt_predictor]

Slowly but surely making progress.

[SkyTrader7]

That sounds very good! Thanks!

[lovethatgreen]

Pumps being installed this week

[SkyTrader7]

Maybe next week we hear some updates. But I guess over xmas and NYE nothing really happened

[mkt_predictor]

Level 2 starting to open up a bit on ask side. Key breaks are .16 and .20 areas.

[gwat1979]

Same here. Here’s to a smashing 2019 for MKSEF $$

[SkyTrader7]

+ 20% today

[lovethatgreen]

Yeah no more bedtime stories

[mkt_predictor]

Two things I’m waiting on.

1. Flow results from Leaman #1
2. Plans for 2019

[pmunch]

So we now need a PR stating the results , when we get the Operator to go ahead ... ?

“Marksmen is awaiting confirmation from the operator of the Leaman #1 CSH well to determine the timing to complete, production test and equip the well with production and surface equipment and then place the well on production. “

[mkt_predictor]

Marksmen Announces Operational Update
GlobeNewswire•December 19, 2018
CALGARY, Alberta, Dec. 19, 2018 (GLOBE NEWSWIRE) -- Marksmen Energy Inc. (“Marksmen” or the “Company”) is a 60% working interest partner in a Clinton Sandstone Horizontal (“CSH”) well drilled in Hocking County, Ohio. The operator of the well is Hocking Hills Energy and Well Services LLC of Ohio. The Leaman #1 CSH well has been drilled and completed with a 12-stage hydraulic fracturing program.

The remedial work required due to technical difficulties encountered after the hydraulic fracturing program has now been completed in two stages. First, a service rig was used to set a whip-stock system at 3,222 feet and this was completed on November 15, 2018. Then on December 7, 2018 a top drive drilling rig completed milling through the casing and then commenced drilling of a new horizontal/lateral leg paralleling the original well bore. The well reached its total depth at 4,656 ft on December 18, 2018.

Marksmen is very pleased that the whip-stock and drilling operations have been completed successfully as follows:

The new lateral leg was drilled parallel to and within 10 to 20 feet of the original lateral leg.
The original 12 stage hydraulic fracturing program was confirmed by the fracture systems encountered all along the new lateral leg. This indicates that the new lateral leg has been successfully positioned in the hydraulic fractured Clinton Sandstone formation.
Cutting samples, taken at regular intervals indicate oil fluorescence and fracture sand and there have been shows of oil to surface.
Marksmen is awaiting confirmation from the operator of the Leaman #1 CSH well to determine the timing to complete, production test and equip the well with production and surface equipment and then place the well on production.

By way of its agreement with the operator, the Company has interests in 5,500 acres of additional land with several potential Clinton Sandstone Horizontal well locations. The Company plans an aggressive drilling program in 2019 to fully develop the acreage and drill additional CSH well opportunities, subject to financing. Marksmen believes that the Clinton Sandstone has significant potential as a development play that will materially increase its oil production.

Marksmen would again like to thank our shareholders for their patience and understanding of the challenges that have been faced and endured by our Ohio team of professionals in drilling the Leaman #1 CSH well.

For additional information regarding this news release please contact Archie Nesbitt, Director and CEO of the Company at [phone] or e-mail [e-mail].

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 the timing and success of the completion, testing and equipping operations. 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.

[mkt_predictor]

Small uptick but hardly any volume still on the OTC. This needs to break above .20 to really get going.

[lovethatgreen]

The well is completed ,

Now we wait for numbers

[mkt_predictor]

Same. I think we’re close to finally realizing potential here.

[Stock Logics]

Holding for over a year now, patiently waiting.

$MKSEF

[mkt_predictor]

Slowly starting to move back up here. Let's get to .20 area again and break it this time on Marksmen having an oil well in production with Leaman H1.

[lovethatgreen]

Indeed

[mkt_predictor]

It would appear something is going on at Leaman site. Perhaps lateral drilling to start soon.

[SkyTrader7]

Up 22% on a Friday. Guess slowly news coming

[mkt_predictor]

That would be amazing but I will consider it highly successful if we get 350 bpd minimum. Anything above and beyond that will exceed my expectations. And this should be a dollar stock if you get to those kind of numbers.

[lovethatgreen]

From the way they are taking it should 450 up to over 900 plus bod

[mkt_predictor]

If we give these guys a modest PE ratio of 15. My estimates show that with a 350 bpd flow from Leaman #1, these guys would be pulling in just over $4M in revenues annually. And that's after you account for their 60% of the total revenues. That's earnings of .04 per share. Multiply that by 15 and the price should be $.60!

If they produce more than 350 bpd, well, you start to see how undervalued this really is.

[lovethatgreen]

Yeah
Once they're pumping and drilling more wells this is multi bagger .

[HappyCamper27]

Thanks; Great Report!

[lovethatgreen]

Sounds good .

Let's see it happen

[lovethatgreen]

https://upticknewswire.com/featured-interview-ceo-archie-nesbitt-of-marksmen-energy-inc-otcqb-mksef-3/

[HappyCamper27]

Where can this be heard. Their website has only an interview from 2017

[mkt_predictor]

Nice interview posted today with Archie. Sounds like 2019 could be an exciting year for us. Long overdue!

[lovethatgreen]

MARKSMEN ANNOUNCES OPERATIONAL UPDATE


CALGARY, ALBERTA, November 20, 2018 - 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.


For additional information regarding this news release please contact Archie Nesbitt, Director and CEO of the Company at [phone] or e-mail ajnesbitt@marksmenenerg

[lovethatgreen]

Good progress being made

Should be ready for big rig on Thursday to drill out the horizontal

[SkyTrader7]

Right now there is almost no volume. When they got the oil we will be at 1.00 CAD

[mkt_predictor]

Bidders still absent but yes nice to see some buys, even if just small ones.

[SkyTrader7]

Climbing again

[traderdogzz]

Marksmen Announces First Closing Of Private Placement
CALGARY, Alberta, Nov. 02, 2018 (GLOBE NEWSWIRE) -- Marksmen Energy Inc. (“Marksmen” or the “Company”) announces that it has completed the first closing of its previously announced non-brokered private placement. The Company issued 2,393,335 units (the “Units”) of Marksmen at a price of $0.12 per Unit for aggregate gross proceeds of $287,200 (the “Offering”). Each Unit is comprised of one (1) common share (“Common Share”) and one-half of one (1/2) share purchase warrant (“Warrant”) of Marksmen. Each whole Warrant entitles the holder thereof to purchase one Common Share at a price of $0.24 per share expiring two (2) years from the date of issuance. The Company intends to complete a second closing of the Offering on or prior to November 30, 2018.

Pursuant to the first closing of the Offering, Marksmen paid a cash commission to qualified non-related parties of $800 and issued 8,000 broker warrants entitling the holder to acquire one Common Share at a price of $0.12 per share for a period of one (1) year from the date of issuance.

Further to its press release of October 19, 2018, Marksmen intends to use the net proceeds of the Offering to pay for capital expenditures related to remedial and completion work on the Leaman #1 well of approximately $150,000 and the remainder for extra road and lease upgrades as directed by Ohio Department of Natural Resources.

Completion of the Offering is subject to regulatory approval including, but not limited to, the approval of the TSXV. The securities issued are subject to a four month hold period from the date of issuance.

Related Party Participation in the Private Placement

Insiders subscribed for an aggregate of 1,118,334 Units in the first closing of the Offering for a total of 46.73% of the first closing. As insiders of Marksmen participated in this Offering, it is deemed to be a “related party transaction” as defined under Multilateral Instrument 61-101-Protection of Minority Security Holders in Special Transactions (“MI 61-101”).

Neither the Company, nor to the knowledge of the Company after reasonable inquiry, a related party, has knowledge of any material information concerning the Company or its securities that has not been generally disclosed.

The Offering is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 (pursuant to subsections 5.5(c) and 5.7(1)(b)) as it was a distribution of securities for cash and neither the fair market value of the Units distributed to, nor the consideration received from, interested parties exceeded $2,500,000.

The Company did not file a material change report more than 21 days before the expected closing of the Offering because the details of the participation therein by related parties of the Company were not settled until shortly prior to closing of the Offering and the Company wished to close on an expedited basis for business reasons.

For additional information regarding this news release please contact Archie Nesbitt, Director and CEO of the Company at [phone] or e-mail [e-mail].

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 the use of proceeds, obtaining subscriptions for the remainder of the Offering and the Company's ability to obtain necessary approvals from the TSXV. 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.

[mkt_predictor]

Remedial operations should now be underway. First milestone is setting the whip stock, then drill another lateral leg. Both should complete no later than end of the month, if not earlier.

[mkt_predictor]

Thinking we see a big December here :)

And more upside once they complete the well and announce what's next.

[trepid]

I don't post much but I'm still around and waiting for them to hit oil, literally.

[SkyTrader7]

3 posters. With lots of oil. Lol.

[mkt_predictor]

Are we the only 3 posters left here? Geez. Come on Marksmen, deliver the goods already!

[lovethatgreen]

I surely hope so

[SkyTrader7]

Getting ready for a great week