MARKSMEN ENERGY INC. : http://www.marksmenenergy.com/ : QwikReport

News Releases

#November 29, 2019
Uptick Newswire's Stock Day Podcast Features Marksmen Energy Inc.'s CEO to Discuss Their Pioneering Ohio Project Featuring a Horizontal Well Setup

 OTC Markets Group Inc. News Service

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CALGARY, ALBERTA / ACCESSWIRE / November 29, 2018 / Uptick Newswire features, Marksmen Energy Inc. (OTCQB: MKSEF; TSXV: MAH) (The Company), an emerging energy company with an initial focus on exploring and developing light oil assets in Ohio, on their Stock Day Podcast. Archie Nesbitt, CEO and Director talked with host Everett Jolly about their efforts.

Jolly started off by welcoming Nesbitt back to Stock Day and mentioned it had been quite a while. Nesbitt explained the company has seen a few delays, but with the expertise now put in place they are about to turn a corner.

"We are looking forward to an exciting rebound by the end of the year," explained Nesbitt.

Jolly then asked Nesbitt about their new pioneering horizontal well. Nesbitt said they are drilling in a formation that has had no previous horizontal drilling setup.

"It's the most prolific producer of beautiful, light Pennsylvania crude, 42 API oil in the state of Ohio," he said. "It's a tremendous reserve where the 50-70 thousand old vertical wells got 3-5 percent of the oil. This was picked up by two of the significant oil companies and they started working on this a couple of years ago when we did and we are the only publicly traded company. The consensus of opinion is a horizontal well will produce 12 to 15 times the amount of oil a vertical well would produce."

Nesbitt says they have everything in place, with these experimental wells, to tap an extensive oil reserve. He says it's a spectacular opportunity and they will launch their drilling program in about 8 weeks.

Jolly then turned the conversation to private placement, saying that Marksmen has raised anywhere from $280,000 to $375,000. He asked what will be done with the money. Nesbitt explained the current drilling project has had extra expenditures and although they are cash flow positive, they elected to go to market and play to the over expenditures and had an oversubscribed private placement.

"The company is cash flow positive, but we want to keep it strong and we want to be able to pay our bills as they come due and not out of our future cash flow," said Nesbitt.

Jolly mentioned that December is approaching and wondered if the Marksmen team is concerned about drilling this time of year.

"No, we are ready to launch this," said Nesbitt. "In this game, you work 24/7, holidays and time off, you take that when you can grab it, but we are ready to launch this. We bring this well on production next month. We expect to have information on the well within 10 days."

Nesbitt said he wants the investors to know that his company has the best American engineering and geology team in Ohio that's in this program.

"It represents a fabulous investment opportunity for investors in a junior company that's going to build itself very quickly into a significant oil and gas producer," he said.

To hear the entire interview with Stock Day, listen here. https://upticknewswire.com/featured-interview-ceo-archie-nesbitt-of-marksmen-energy-inc-otcqb-mksef-3/

About Marksmen Energy Inc.

Marksmen is an emerging energy company with an initial focus on exploring and developing light oil assets in Ohio. We are bringing modern exploration technology to under-explored areas which have had significant historic oil production and which have not seen any concentrated industry activity for decades.

Marksmen's management team has extensive experience in the profitable development of old oil fields in Ohio and the identification of previously overlooked resource opportunities. Marksmen Energy plans to be an industry leader in Ohio.

For additional information regarding this news release please contact Archie Nesbitt, Director and CEO of the Company at (403) 265-7270 or e-mail ajnesbitt@marksmenenergy.com.

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, or the documents referenced may contain certain forward-looking information including without limitation the Company's drilling and operational plans and the timing thereof. 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.

About Uptick Newswire and the "Stock Day" Podcast

Founded in 2013, Uptick Newswire is the fastest growing media outlet for Nano-Cap and Micro-Cap companies. It educates investors while simultaneously working with penny stock and OTC companies, providing transparency and clarification of under-valued, under-sold Micro-Cap stocks of the market. Uptick provides companies with customized solutions to their news distribution in both national and international media outlets. Uptick is the sole producer of its "Stock Day" Podcast, which is the number one radio show of its kind in America. The Uptick Network "Stock Day" Podcast is an extension of Uptick Newswire, which recently launched its Video Interview Studio located in Phoenix, Arizona.

Investors Hangout is a proud sponsor of "Stock Day," and Uptick Newswire encourages listeners to visit the company's message board at https://investorshangout.com/

SOURCE:

Uptick Newswire

602-441-3474

https://upticknewswire.com/

SOURCE: Uptick Newswire



The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
 
#November 27, 2018
MARKSMEN ANNOUNCES CONSOLIDATED FINANCIAL RESULTS FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2018

 Calgary, Alberta, November 27, 2018. Marksmen Energy Inc. ("Marksmen" or the "Company") and its wholly owned subsidiary Marksmen Energy USA, Inc. announces financial results for the three and nine months ended September 30, 2018. The following documents have been filed on SEDAR:

• Financial Statements
• Management's Discussion and Analysis ("MD&A")
• Form 52-109FV2 Certificate of Interim Filings -- CEO
• Form 52-109FV2 Certificate of Interim Filings -- CFO

These filings may be viewed on the SEDAR website at www.sedar.com.

For additional information regarding this news release please contact Archie Nesbitt, CEO and President at (403) 265-7270 or e-mail ajnesbitt@marksmenenergy.com.


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, or the documents referenced may contain certain forward-looking information. 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.
 
#November 22, 2018
MARKSMEN ANNOUNCES GRANTING OF STOCK OPTIONS

 CALGARY, ALBERTA, November 22, 2018 -- Marksmen Energy Inc. ("Marksmen" or the "Company") announces the granting of stock options to purchase 1,295,000 common shares of the Company to directors, officers, employees and consultants subject to regulatory and TSX Venture Exchange approval. The options were issued with an exercise price of $0.13 per share, vest as to one-third (1/3) immediately and one-third (1/3) on each of the first and second anniversaries of the grant date and have a five year term from the date of issuance.
For additional information regarding this news release please contact Archie Nesbitt, Director and CEO of the Company at (403) 265-7270 or e-mail ajnesbitt@marksmenenergy.com.

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 ability to obtain necessary approvals from the TSX Venture Exchange. 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.
 
#November 20, 2018
MARKSMEN ANNOUNCES OPERATIONAL UPDATE

 CALGARY, ALBERTA, November 20, 2018 -- Marksmen Energy Inc. ("Marksmen" or the "Company") is a 60% working interest owner in the Leaman #1horizontal well operated by Hocking Hills Energy and Well Services LLC of Ohio.

Marksmen is pleased to announce that on November 17, 2018 a cased-hole whip-stock assembly was successfully placed in the production casing. The whip-stock assembly was placed with a service rig and milling operations were initiated. The whip-stock will be used to begin sidetrack operations to laterally drill up to 1,500 feet in the Clinton Sandstone, which was previously stimulated with hydraulic fracturing.

Completion of milling and drilling of the lateral in the Clinton Sandstone will be accomplished using a top drive drilling rig provided by Decker Drilling of Ohio. Subject to equipment availability, work is expected to begin on or about November 28, 2018. The lateral drilling operation is expected to take approximately 10 to 15 days to complete.

For additional information regarding this news release please contact Archie Nesbitt, Director and CEO of the Company at (403) 265-7270 or e-mail ajnesbitt@marksmenenergy.com.

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, or the documents referenced may contain certain forward-looking information including without limitation the Company's drilling and operational plans and the timing thereof. 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.
 
#November 16, 2018
MARKSMEN ANNOUNCES CLOSING OF FINAL TRANCHE OF OVERSUBSCRIBED PRIVATE PLACEMENT

 CALGARY, ALBERTA, November 16, 2018 -- Marksmen Energy Inc. ("Marksmen" or the "Company") announces that it has completed the second and final closing ("Second Tranche") of its previously announced non-brokered private placement, which was increased to 3,125,002 units (the "Units") of Marksmen at a price of $0.12 per Unit, for aggregate gross proceeds of $375,000 (the "Offering"). The Company issued 731,667 Units under the Second Tranche for gross proceeds of $87,800, bringing the aggregate total under the Offering to 3,125,002 Units, for gross proceeds of $375,000. Each Unit is comprised of one (1) common share ("Common Share") and one-half of one (1/2) share purchase warrant ("Warrant") of Marksmen. Each whole Warrant entitles the holder thereof to purchase one Common Share at a price of $0.24 per share, expiring two (2) years from the date of issuance.

Marksmen did not pay any cash commissions or issue any broker warrants in connection with the Second Tranche.

Further to its press releases of October 19, 2018 and November 2, 2018, Marksmen intends to use the net proceeds of the Offering to pay for capital expenditures related to remedial and completion work on the Leaman #1 well of approximately $150,000 and the remainder for extra road and lease upgrades, as directed by Ohio Department of Natural Resources.

Completion of the Offering is subject to regulatory approval including, but not limited to, the approval of the TSXV. The securities issued are subject to a four month hold period from the date of issuance.

Related Party Participation in the Private Placement

An insider subscribed for 155,000 Units in the Second Tranche for a total of 21.18% of the Second Tranche. As insiders of Marksmen participated in this Offering, it is deemed to be a "related party transaction" as defined under Multilateral Instrument 61-101-Protection of Minority Security Holders in Special Transactions ("MI 61-101").
Neither the Company, nor to the knowledge of the Company after reasonable inquiry, a related party, has knowledge of any material information concerning the Company or its securities that has not been generally disclosed.

The Offering is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 (pursuant to subsections 5.5(c) and 5.7(1)(b)) as it was a distribution of securities for cash and neither the fair market value of the Units distributed to, nor the consideration received from, interested parties exceeded $2,500,000.

For additional information regarding this news release please contact Archie Nesbitt, Director and CEO of the Company at (403) 265-7270 or e-mail ajnesbitt@marksmenenergy.com.

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 use of proceeds and the Company's ability to obtain necessary approvals from the TSXV. 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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