| ||December 11, 2017|
MARKSMEN ANNOUNCES OPERATIONAL UPDATE
| ||Calgary, Alberta, December 11, 2017 - Marksmen Energy Inc. ("Marksmen" or the "Company") and its wholly owned subsidiary, Marksmen Energy USA, Inc. announce the following update on wells in Ohio, USA.|
Hocking County - On November 27, 2017 Marksmen announced that it had entered into an agreement to acquire a 40% working interest ("WI") in a horizontal well drilling program operated by Hocking Hills Energy and Well Services LLC ("HHE"), targeting the Clinton Sandstone formation. Today, Marksmen is announcing that it has agreed to acquire an additional 20% WI from HHE to increase Marksmen's WI share in the well to 60%. The access road and drill pad are currently under construction and nearing completion. The drilling rig is expected to be on location in approximately one week and we anticipate running in approximately 500 feet of 9 5/8 inch surface casing and cementing it to surface on or before December 24, 2017. Immediately after the Holiday season, drilling will continue to the well's target depth of 2,900 feet and then a horizontal section of 3,000 feet in the Clinton Sandstone formation.
Marksmen is also currently evaluating offset drilling opportunities on its current land position as well as other lands that have been made available to us from existing partners in Ohio.
For additional information regarding this news release please contact Archie Nesbitt, CEO and President at (403) 265-7270 e-mail firstname.lastname@example.org
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 drilling and other opportunities available to Marksmen. 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.
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