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Saturday, December 30, 2017 1:01:41 PM
IMO the next update by Marksmen Energy will be tremendous! As you said, the casing on this first horizontal well is done. In just a few days, the drilling that will bring the well into the actual oil reserve will commence. Once the vertical drilling reaches the desired depth, the well bore will turn 90 degrees and continue right through the core of the reserve. When the horizontal bore is completed, Marksmen will use a non-hydraulic fracturing technique to help liberate the oil. This high-tech type of well generally produces about 15 times more oil than a common vertical well.
In addition to this first well, there will be four more wells in this first leg of a 20 to 40 well project.
IMO, wise investors are buying into this company BEFORE we get news of oil production. Once the high grade light crude from this proven reserve begins flowing, PPS here will move to much higher levels rather quickly IMO.
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