Marksmen Announces Drilling Update
2014年5月6日 - 10:01PM
Marketwired
Marksmen Announces Drilling Update
CALGARY, ALBERTA--(Marketwired - May 6, 2014) - Marksmen Energy
Inc. ("Marksmen" or the "Company") (TSX-VENTURE:MAH) is pleased to
announce that on April 30, 2014 Marksmen and its Joint Venture
Partner, Houghton Investments LLC, spudded the first of up to five
wells of its initial drilling program in Ohio, USA.
The well reached total depth on May 5, 2014 and there have been
oil and gas shows in an upper formation and oil shows in the
targeted Cambrian Knox formation. During the drilling of the
Cambrian Knox formation oil circulated to surface. The well is in
the process of being logged and the well will be cased and
completed. Production testing is expected to be completed within
the next two weeks. Marksmen intends to spud its second well later
this week.
The Company will pay 100% for the drilling of the first two
wells to earn a 75% working interest. Thereafter the Company will
pay 75% and our joint Venture Partner will pay 25% of each well
drilled in the five square mile area of mutual interest (AMI). 3D
seismic of the AMI, announced March 24, 2014, indicates a number of
other potential drilling locations.
Further information will be released as it becomes
available.
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 Company's drilling plans and
operations. Oil and gas shows and oil circulated to surface are not
an indication that the Company's Ohio properties contain any
reserves or resources or that there will be commercially viable
production from those properties. 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.
Marksmen Energy Inc.Archie Nesbitt, President,Chief Executive
Officer and a Director of the Company(403)
265-7270info@marksmen.ca
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