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Last C$0.11 CAD
Change Today -0.005 / -4.55%
Volume 2.4K
MAH On Other Exchanges
As of 1:26 PM 09/3/15 All times are local (Market data is delayed by at least 15 minutes).

marksmen energy inc (MAH) Snapshot

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09/19/14 - C$0.41
52 Week Low
09/3/15 - C$0.11
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marksmen energy inc (MAH) Details

Marksmen Energy Inc. focuses on exploring and developing light oil assets in Ohio. Marksmen Energy Inc. was formerly known as Marksmen Resources Ltd. and changed its name to Marksmen Energy Inc. in August 2010. The company was incorporated in 1997 and is based in Calgary, Canada.

Founded in 1997

marksmen energy inc (MAH) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: --
Chief Financial Officer
Total Annual Compensation: C$77.5K
Compensation as of Fiscal Year 2014.

marksmen energy inc (MAH) Key Developments

Marksmen Energy Inc. Announces Drilling Results in Pickaway County, Ohio

Marksmen Energy Inc. announced that Marksmen has participated in the drilling of a well operated by its joint venture Partners, Hocking Hills Energy and Well Services LLC and Chuck Henry Energy LLC. The well drilled is a Cambrian Knox remnant oil well, the Delong-Davis Unit #1, in Pickaway County, Ohio. The company has a 45% working interest in the well. The well was spudded on July 20, 2015 and reached its total depth on July 26, 2015 targeting a large Cambrian Knox remnant that was drilled based on the interpretation of new 3D seismic and encountered significant oil and gas shows in the top of the Cambrian Knox formation where open hole logs recorded porosities of greater than 20% over a 6 foot interval. Oil did circulate to surface. The well is currently being completed for commercial production and is expected to have a pump-jack and bottom-hole equipment in place in a week with the tanks and other surface equipment to follow shortly. Production is expected to be on-line by mid-August. The company believes that even at depressed WTI prices for oil, the company’s wells can be economically exploited because of the low drilling and operating costs for its shallow light oil drilling programs in Ohio. This well was drilled based on the latest 3D seismic program completed in May 2015 with joint venture partners HHE and CHE. The success of this well and the 3D seismic indicate there are at least two step out locations on this remnant. A number of other well locations in the 2015 3D target area are currently being permitted for drilling including the largest remnant identified by seismic, an offset to Strittmatter #1 well. To date Marksmen has conducted approximately 7 square miles of 3D seismic acquisition using Bay Geophysical of Traverse City, Michigan. Marksmen currently has leasehold interests aggregating approximately 12,000 acres in Pickaway County. Additional 3D seismic is planned for later this year.

Marksmen Energy Inc. Auditor Raises 'Going Concern' Doubt

Marksmen Energy Inc. filed its Annual on Apr 30, 2015 for the period ending Dec 31, 2014. In this report its auditor, Meyers Norris Penny LLP - MNP LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Marksmen Energy Inc. Presents at 2nd Annual Growth Capital Expo, Apr-13-2015

Marksmen Energy Inc. Presents at 2nd Annual Growth Capital Expo, Apr-13-2015 . Venue: Caesars Palace, Las Vegas, Nevada, United States.


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