MARKSMEN ANNOUNCES PARTNERSHIP WITH EMF GEOSCIENCE
19 April 2023 - 7:01AM
Marksmen Energy Inc. (“
Marksmen” or the
“
Company”) (TSXV: MAH) is pleased to announce that
it has partnered with EMF Geoscience, Inc. (“
EMF”)
(www.emfgeoscience.com) and its personnel to work closely with
Marksmen, and its Ohio based technical team, in developing light
oil drilling opportunities in Ohio. In particular, EMF will assist
in new project selection using its detailed analysis of the
geology, seismic and historic well information from historic
wildcat wells in the prolific oil basins (there are some 250,000
well locations dating back to as early as 1885). Primarily, EMF
will use their access to modern 3-D seismic to precisely outline
oil and gas reservoir drilling targets, with a focus on Ohio's
Pennsylvania grade light gravity (42 API light crude oil), that is
in high demand. For each target drilling location identified,
Marksmen and EMF will negotiate in advance a seismic fee payable to
EMF and a working interest, if EMF so chooses, in the well.
EMF is a Marietta, Ohio based
exploration/geological consulting firm that assists oil and gas
operators and investors with acquisition, development, and
exploration of oil and gas properties. They are trusted advisors,
investors, and partners alongside their clientele. EMF has
been exploring the Knox Formation in Ohio for over 30 years and
Marksmen believes has the most complete geological database of any
party in Ohio. EMF has consulted to approximately 20 different
clients inside of the Appalachian Basin and is responsible for
approximately 50% of the total reserves found/produced in the
Ordovician Knox Formations (Beekmantown, Rose Run and Upper/Lower
Copper Ridge formations) of Ohio.
Marksmen will utilize the services of EMF, in
conjunction with its Ohio based technical team to develop drilling
locations in Ohio for 2023 and beyond. Marksmen is very excited
about the numerous new projects that are now available to the
Company, because of its partnership with EMF.
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 whether the
partnership with EMF will develop new and economically scalable
projects and drilling locations. All statements included herein,
other than statements of historical fact, are forward-looking
information and such information involves various risks and
uncertainties. Marksmen does not undertake to update any
forward-looking information except in accordance with applicable
securities laws. 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.
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