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Marksmen Energy initiates shallow light oil drilling program in Ohio


Published Mar 6, 2014
Marksmen Energy Inc.

Marksmen Energy Inc. has completed its first 3D seismic acquisition program in Ohio and is currently interpreting seismic data processed by two independent consultants in Colorado and Ohio and selecting drill sites.

The 3D seismic survey has outlined numerous shallow Cambrian Knox formation light oil targets.

Based on Marksmen's interpretation of the 3D seismic data, and historic wildcat wells that produced light oil from Marksmen's target Cambrian Knox formation, Marksmen will initially permit the drilling of five (5) vertical oil wells within the 3D seismic area. Marksmen has received an initial AFE which estimates drilling and completion costs to be under $300,000 per well.

Tags: Marksmen Energy Inc.




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