Marquee Energy Ltd. has experienced strong drilling results and operational performance, while it has also been successful in improving its balance sheet strength by monetizing certain non-core, gas weighted properties at accretive metrics.
As a result of its strengthened financial position and to better position the Company for accelerated growth into early 2015, Marquee is pleased to announce an expansion of its capital program at both of its core properties of Michichi and Lloydminster as detailed below.
Production at Michichi has increased to approximately 4,000boe/d. The company has achieved 100% drilling success year-to-date, with 11 completed oil wells and a 12th well now underway. Production history from this drilling has contributed to positive revisions in the Company's type curve at Michichi.