Marksmen Energy Inc. ("Marksmen" or the "Company") (TSX VENTURE:MAH) is pleased
to announce that on June 20, 2014 it entered into a joint venture agreement with
Houghton Investments LLC (hereinafter "Houghton") whereby Marksmen will acquire
a 50% working interest in a well on a lease of approximately 50 acres in Morrow
County, Ohio, by paying 50% of the drilling and completion costs. In addition to
the first well, Marksmen has an option to participate in a second well under the
same terms and conditions. 


The target is a Cambrian Knox formation that Houghton delineated by using three
dimensional seismic technology. 


On June 23, 2014, the rig moved onto location and has begun drilling operations.
The well has a target depth of 3,400 feet. It is expected to take approximately
two weeks to drill and complete. 


The project area is located on the east central side of the Morrow County
Cambrian Knox field that has cumulative production of 45,000,000 barrels of
light oil (Ohio Geological Society). Individual well recoveries within portions
of the field are reported as high as 500,000 barrels of oil (Society of
Petroleum Engineers, Journal of Petroleum Technology).


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. 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Marksmen Energy Inc.
Archie Nesbitt, President, Chief Executive Officer
and a Director of the Company
(403) 265-7270
info@marksmen.ca
Marksmen Energy (TSXV:MAH)
Historical Stock Chart
From May 2024 to Jun 2024 Click Here for more Marksmen Energy Charts.
Marksmen Energy (TSXV:MAH)
Historical Stock Chart
From Jun 2023 to Jun 2024 Click Here for more Marksmen Energy Charts.