Marksmen Energy Inc. (MKSEF)

[Stonemonsta]

Huge news! Marksmen strikes oil in Ohio!

https://www.otcmarkets.com/stock/MKSEF/news/Marksmen-Announces-Operational-Update?id=177748

Marksmen Announces Update on Leaman 1-H Horizontal WellPress Release | 02/25/2018
CALGARY, Alberta, Feb. 25, 2018 (GLOBE NEWSWIRE) -- Marksmen Energy Inc. (TSX-V:MAH) (OTCQB:MKSEF) (“Marksmen” or the “Company”) and its wholly owned subsidiary, Marksmen Energy USA, Inc. are pleased to provide the following update on its Leaman 1H Clinton Sandstone Horizontal well in Hocking County, Ohio. The well is being drilled in conjunction with our working interest partners and is operated by Hocking Hill Energy (“HHE”).

Marksmen is pleased to announce that the drilling has been completed at the Leaman 1-H well, the Company’s first horizontal well in the Clinton Sandstone formation. The well was drilled to a total measured depth of 6,398 feet, of which 2,700 feet was the horizontal/lateral leg.

During the drilling of the horizontal leg of the well strong indications of hydrocarbons have been encountered including both natural gas and oil in the Clinton Sandstone formation, with oil to surface in several intervals. Archie Nesbitt, CEO of Marksmen states, “Our operations team and I are very pleased with the hydrocarbon shows encountered during drilling which have exceeded our expectations.”

An extensive logging and formation testing program paid for by a third party scientific research organization will begin shortly. This is designed to acquire scientific research data regarding the Clinton Sandstone in Ohio and will provide Marksmen and the working interest parties valuable information.

After logging, production casing will be run in the lateral leg followed by completion operations consisting of a multi-stage stimulation program. This will be followed by the equipping of the well with production equipment.

Marksmen has a 60% joint venture interest in the well and in a four-township area of mutual interest where the joint venture has in excess of seven thousand acres, on which some 20-30 potential Clinton Sandstone horizontal well locations have already been identified by Marksmen’s technical team.