CALGARY, ALBERTA--(Marketwire - Feb. 14, 2013) - Marksmen Energy Inc. ("Marksmen" or the "Company") (TSX VENTURE:MAH) is pleased to announce that it has executed a joint exploration agreement (the "Joint Venture") with Houghton Investments, LLC ("Houghton"), a private company in Columbus, Ohio, for the joint exploitation of an approximate 4,000 acre land position in south central Ohio. Marksmen has the right to earn a minimum 75% working interest in a joint venture mutual area of interest by completing a 3d seismic survey and carrying Houghton for a 25% working interest in the dry hole costs for the first two wells drilled within the area of mutual interest. Pursuant to the Joint Venture, Houghton will be the project operator.
Mr. Archie Nesbitt, President of Marksmen states, "We are pleased to announce our joint venture agreement with Houghton Investments, LLC to pursue shallow high quality oil prospects, utilizing the technical expertise and operational success of Houghton Investments within our area of mutual interest."
This press release contains forward-looking statements about certain of the Company's current plans, goals and expectations, including but not limited to statements related to completing the 3D seismic survey and the ability to complete the Joint Venture. All statements included herein, other than statements of historical fact, including are forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in Marksmen's disclosure documents on the SEDAR website at www.sedar.com. Marksmen does not undertake to update any forward-looking information except in accordance with applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.