11:48 AM EST - Marksmen Energy Inc. : announced that on April 30, Marksmen and its Joint Venture Partner, Houghton Investments LLC, spudded the first of up to five wells of its initial drilling program in Ohio. The well reached total depth on May 5, and there have been oil and gas shows in an upper formation and oil shows in the targeted Cambrian Knox formation. During the drilling of the Cambrian Knox formation oil circulated to surface. The well is in the process of being logged and the well will be cased and completed. Production testing is expected to be completed within the next two weeks. Marksmen intends to spud its second well later this week. Marksmen Energy Inc.
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