Marksmen Energy Inc.

Marksmen Energy Inc. is a Canadian oil and gas company focused on developing light oil assets in Ohio. The company utilizes modern exploration technologies like 3D seismic imaging to evaluate opportunities on historical wells drilled in the state over the past 140 years.

Marksmen Energy has a 75% working interest in an oilfield discovered through 3D seismic imaging in Pickaway County, Ohio with additional development drilling around this discovery in 2021. The company also sees potential in drilling 30-50 light oil and gas targets in the Trenton/Black River formation over the medium term.

In 2021, Marksmen Energy had gross production of approximately 200 barrels of oil equivalent per day (boe/d) which is projected to reach over 1,100 boe/d by the end of 2023 through its drilling and recompletion programs focused in Ohio. Over the same period, gross oil and gas revenues have the potential to expand from $2 million to $20 million based on management guidance.

Marksmen Energy Inc. has a market capitalization of around CAD $12 million as of April 2022. The company has over 40 recompletion project opportunities on existing wells in its portfolio which provide low-risk production growth.