- CEO
- Archibald Jonathon Nesbitt
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Address
- 727 - 7th Ave SW Calgary AB Canada T2P 0W5
- IPO Date
- Oct 25, 2007
- Business
- Marksmen Energy Inc. is a Canada-based junior oil and natural gas company that acquires, explores, develops and produces petroleum and natural gas properties, with an initial focus on light oil assets in Ohio and additional activity in Alberta and other parts of the United States and Canada. Founded in 1997 and headquartered in Calgary, Alberta, the company operates through its Marksmen Energy USA, Inc. subsidiary and targets under-explored areas with historic production, emphasizing the use of modern exploration technology to identify and develop overlooked resource opportunities. Its principal activities include the acquisition of oil and gas interests; exploration and development of light oil properties; production of crude oil and natural gas; and the management of working interests in existing fields, including properties in Ohio and oil and gas interests at Alder Flats in Alberta. In August 2010, the company changed its name from Marksmen Resources Ltd. to Marksmen Energy Inc. Marksmen is currently pursuing a strategic expansion through a non-binding letter of intent with Axiom Oil and Gas Inc. to form an alliance focused on the development, optimization and acquisition of oil and natural gas assets, while also planning a non-brokered private placement of up to 10,000,000 common shares for gross proceeds of up to C$1.2 million, with proceeds intended for Alberta acquisitions, working capital and related costs. The company also plans to acquire non-operated working interests in existing oil wells in Alberta, reflecting a recent shift toward expanding its asset base beyond Ohio and into additional Canadian oil and gas opportunities.