MARKSMEN ANNOUNCES PARTNERSHIP WITH EMF GEOSCIENCE

Apr 18, 2023

CALGARY, ALBERTA, April 18, 2023 (GLOBE NEWSWIRE) -- 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.

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