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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.
Tel: N/A
IR: See website
Key People
Archibald Jonathon Nesbitt
President, Chief Executive Officer, Director
John Mcintyre
Chief Financial Officer
Martin Marty Shumway
Chief Operating Officer, Director
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 six months ended 30 June 2023, Marksmen Energy Inc revenues decreased 24% to C$451K. Net loss increased from C$148K to C$791K. Revenues reflect Petroleum and natural gas sales decrease of 23% to C$522K. Higher net loss reflects Share-based payments increase from C$65K to C$346K (expense), General and administrative increase of 49% to C$538K (expense), Accretion of decommissioning liabilities increase from C$3K to C$10K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $9.52M as of Jun 30, 2023
Annual revenue (TTM): $0.91M as of Jun 30, 2023
EBITDA (TTM): -$0.80M as of Jun 30, 2023
Net annual income (TTM): -$1.29M as of Jun 30, 2023
Free cash flow (TTM): -$2.27M as of Jun 30, 2023
Net Debt Last Fiscal Year: $1.02M as of Jun 30, 2023
Shares outstanding: 191,873,380 as of Sep 12, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization