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Marksmen Energy Inc. (V:MAH)

Business Focus: Oil & Gas Exploration and Production (NEC)

Sector:  Energy Industry:  Oil & Gas Exploration and Production
 
Company Contact
Address: Suite 500, 400 3rd Ave. S.W.
CALGARY AB T2P 4H2
Tel: N/A
Website: www.marksmenenergy.com
IR: See website
Key People
Archibald Jonathon Nesbitt
President, Chief Executive Officer, Director
John Mcintyre
Chief Financial Officer
 
Business Overview
Marksmen Energy Inc. is a Canada-based energy company. The Company is engaged in the acquisition, exploration, development and production of oil and gas properties, primarily located in Ohio, United States. The Company's projects include Davis Holbrook, which is an oilfield property in Pickaway County, Ohio and the formation is the Cambrian Knox. The Company is the operator and holds a 75% working interest in the Holbrook Davis #2 and Davis #1 wells. The Company's wholly owned subsidiary is Marksmen Energy USA, Inc.
Financial Overview
For the nine months ended 30 September 2023, Marksmen Energy Inc revenues decreased 30% to C$579K. Net loss increased from C$405K to C$997K. Revenues reflect Petroleum and natural gas sales decrease of 30% to C$669K. Higher net loss reflects Share-based payments increase from C$133K to C$351K (expense), General and administrative increase of 12% to C$680K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $2.82M as of Dec 31, 2023
Annual revenue (TTM): $0.80M as of Dec 31, 2023
EBITDA (TTM): -$0.82M as of Dec 31, 2023
Net annual income (TTM): -$1.24M as of Dec 31, 2023
Free cash flow (TTM): -$1.26M as of Dec 31, 2023
Net Debt Last Fiscal Year: $1.00M as of Dec 31, 2023
Shares outstanding: 192,073,380 as of Jan 22, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization