Marksmen Energy Inc.

Marksmen Energy Inc. is pleased to announce that it plans to complete a non-brokered private placement of up to 7,000,000 units of Marksmen at a price of $0.05 per Unit for aggregate gross proceeds of up to a maximum of $350,000 . There is no minimum Offering. The Units will be comprised of one common share and one share purchase warrant of Marksmen. Each whole Warrant entitles the holder thereof to purchase one Common [...]

Marksmen Energy Inc. announces that it has filed disclosure documents for the year ended December 31, 2022, on SEDAR as listed below: Audited Consolidated Financial Statements Management's Discussion and Analysis Form 51-101F1 - Statement of Reserve Data and Other Oil and Gas Information Form 51-101F2 - Report on Reserves Data by Independent Qualified Reserve Evaluator Form 51-101F3 - Report of Management and Directors on [...]

Marksmen Energy Inc. is pleased to announce that it has partnered with EMF Geoscience, Inc. and its personnel to work closely with Marksmen, and its Ohio based technical team, in developing light oil drilling opportunities in Ohio. In particular, EMF will assist in new project selection using its detailed analysis of the geology, seismic and historic well information from historic wildcat wells in the prolific oil basins [...]

Marksmen Energy Inc. announces the granting of stock options to purchase 6,105,000 common shares of the Company to directors, officers, employees and consultants subject to TSX Venture Exchange approval. The options were issued with an exercise price of $0.075 per share, vest immediately and have terms ranging from one to five years from the date of issuance. Marksmen also sadly announces the passing of Mr. Don Jones [...]

Marksmen Energy Inc. announces that 10,260,714 share purchase warrants at an exercise price of $0.07 per share have been exercised for total proceeds of $718,250 and one common share of Marksmen will be issued for each share purchase warrant exercised. Production Update Marksmen completed the drilling of three wells in Pickaway County, Ohio in late 2022. Putting the wells on production was delayed due to multiple factors [...]

Marksmen Energy Inc. is pleased to announce that it has closed the extension with the holder of its non-convertible secured debenture so that the Debenture now expires on December 31, 2024. In connection with the extension, the Company has granted an additional 1,500,000 warrants to the Holder to acquire 1,500,000 common shares of the Company for an exercise price of $0.13 per share expiring December 31, 2024. All other [...]

Marksmen Energy Inc. is pleased to announce that it has entered into an agreement effective December 12, 2022 with a debenture holder to extend its non-convertible secured debenture that expires on December 31, 2022 to now expire on December 31, 2024. In connection with the extension to the expiry date, the Company has agreed to grant an additional 1,500,000 warrants to the Holder to acquire 1,500,000 common shares of the [...]

Marksmen Energy Inc. is pleased to announce the following drilling program update: In late August of 2022 Marksmen commenced a three well development drilling program in Pickaway County, Ohio in the Cambrian Knox formation. As of October 7, 2022, the three wells have been drilled to total depth and each well has been acidized and swab tested. With each swab pull there were excellent oil shows to the surface tanks/pits [...]

Marksmen Energy Inc. is pleased to announce the following update to its 2022 drilling program: Portage County, Ohio - Marksmen and its working interest partner, PEP Drilling LLC , have successfully recompleted the Clinton Sandstone zone of the Reese #1 oil and gas well. Marksmen has an 80% working interest before payout. Currently the well is producing oil and gas but is still recovering residual completion fluids. Minor [...]

Marksmen Energy Inc. is pleased to announce the following update to its drilling program: Portage County, Ohio - Marksmen and its working interest partner, PEP Drilling LLC , have successfully recompleted the Clinton Sandstone zone of the Reese #1 well. Marksmen managed the recompletion project and will pay 100% of the capital costs to earn an 80% working interest. The well has been completed on or below budget. All [...]