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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 nine months ended 30 September 2020,Marksmen Energy Inc revenues decreased 52% to C$201K. Netloss decreased 31% to C$446K. Revenues reflect Petroleumand natural gas sales decrease of 52% to C$232K. Lower netloss reflects General and administrative decrease of 27% toC$321K (expense), Share-based payments decrease of 50% toC$85K (expense), Bad debt expense decrease from C$79K(expense) to C$0K.
Reporting Currency: Canadian Dollars
Enterprise value: $11.86M as of Sep 30, 2020
Annual revenue (TTM): $0.25M as of Sep 30, 2020
EBITDA (TTM): -$0.62M as of Sep 30, 2020
Net annual income (TTM): -$3.68M as of Sep 30, 2020
Free cash flow (TTM): -$0.92M as of Sep 30, 2020
Net Debt Last Fiscal Year: $1.06M as of Sep 30, 2020
Shares outstanding: 126,427,870 as of Jan 7, 2021
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization