Marquee Energy Ltd. is pleased to announce the results of an independent contingent resources evaluation performed by Sproule Associates Limited with an effective date of August 31, 2015.
The resource evaluation was prepared in accordance with the Canadian Oil and Gas Evaluation Handbook and includes the lands held by Marquee as of August 31, 2015 in the Michichi area of Alberta that have development potential for the presence of hydrocarbons within the Detrital and Banff zones.
All resource data disclosed herein is as set forth in the Sproule Resource Assessment and reflects only Marquee's working interest share of such resources for the acreage covered by the Sproule Resource Assessment. The Study Area is limited to the Company's land holdings in the Michichi area of Alberta from Townships 29 to 33 and Ranges 14 to 19W4M. The Company's average working interest in lands containing oil in the Banff and Detrital Formations in the Study Area is approximately 84%.