Ad blocking detected

Thank you for visiting We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$500/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Marksmen Energy Inc. (V:MAH)

Business Focus: Oil & Gas Exploration and Production

Sector:  Energy Industry:  Oil & Gas Exploration and Production
See Regulatory Filings on SEDAR
Company Contact
Address: Suite 500, 400 - 3rd Avenue S.W.
Tel: N/A
IR: See website
Key People
Archie Jonathon Nesbitt
President, Chief Executive Officer, Director
John Mcintyre
Chief Financial Officer
Business Overview
Marksmen Energy Inc., formerly Marksmen Resources Ltd., is a Canada-based oil and natural gas company. The Company focuses on exploring and developing light oil assets in Ohio. The Company is engaged in the acquisition, development, and production of crude oil from properties located in Ohio, the United States. It also focuses on other opportunities in Western Canada and the United States. The Company operates through the acquisition, exploration for, and development of petroleum and natural gas segment. In Alberta, the Company has properties located at Alder Flats, which consists of various oil and gas interests. Marksmen Energy USA, Inc. is the subsidiary of the Company, which holds properties and operates in the State of Ohio.
Financial Overview
For the six months ended 30 June 2021, MarksmenEnergy Inc revenues increased from C$108K to C$233K. Netloss decreased 2% to C$333K. Revenues reflect Petroleum andnatural gas sales increase from C$125K to C$270K. Lower netloss reflects Property and equipment impairment decreasefrom C$216K (expense) to C$0K, Foreign exchange (gain) lossdecrease from C$21K (expense) to C$0K.
Reporting Currency: Canadian Dollars
Enterprise value: $11.36M as of Jun 30, 2021
Annual revenue (TTM): $0.44M as of Jun 30, 2021
EBITDA (TTM): -$0.37M as of Jun 30, 2021
Net annual income (TTM): -$1.63M as of Jun 30, 2021
Free cash flow (TTM): -$0.58M as of Jun 30, 2021
Net Debt Last Fiscal Year: $1.01M as of Jun 30, 2021
Shares outstanding: 146,463,870 as of Oct 6, 2021
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization