CALGARY, Alberta, Feb. 14, 2018 (GLOBE NEWSWIRE) — Marksmen Energy Inc. (TSXV:MAH) (OTCQB:MKSEF) (“Marksmen” or the “Company”) and Its wholly owned subsidiary, Marksmen Energy USA, Inc. are pleased to announce the following update on its Leaman 1-H 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”).
Drilling of this well has been slower than expected due to very inclement weather, mechanical issues and slower than expected drilling rates. To date we have drilled 1,300 feet of the planned 3,000 feet lateral leg.
Marksmen is pleased that we have encountered hydrocarbons in the Clinton Sandstone formation with oil and gas shows that are in-line with our engineering and geological expectations. Completions of the drilling operations is expected to take another 7 to 10 days. The Company looks forward to the next phases of the well including logging, completion and putting the well on production.
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 may contain certain forward-looking information and statements including drilling and other information 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.