Marksmen Announces Drilling Update
29 May 2014 - 11:00PM
Marketwired
Marksmen Announces Drilling Update
CALGARY, ALBERTA--(Marketwired - May 29, 2014) - Marksmen Energy
Inc. ("Marksmen" or the "Company") (TSX-VENTURE:MAH) is pleased to
announce that Marksmen and its Joint Venture Partner, Houghton
Investments LLC, drilled a well that reached total depth on May 28,
2014. It is the third well of the Company's multi-well drilling
program in Ohio, USA.
There have been oil and gas shows in an upper formation and oil
shows in the targeted Cambrian Knox formation. During the drilling
of the Cambrian Knox formation oil circulated to surface. The well
is in the process of being logged and the well will be cased and
completed.
This well and the second well that reached total depth on May
17, 2014, previously announced on May 20, 2014, will both be
perforated, acidized and production tested in the next week to 10
days.
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. Oil and gas shows and oil circulated to surface are not
an indication that the Company's Ohio properties contain any
reserves or resources or that there will be commercially viable
production from those properties. 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.
Marksmen Energy Inc.Archie Nesbitt, President, Chief Executive
Officerand a Director of the Company(403)
265-7270info@marksmen.cawww.marksmen.ca
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