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Marquee Energy Ltd. announces significant increase in reserves


Published Mar 24, 2014
Marquee Energy Ltd.

Marquee Energy Ltd is pleased to announce its 2013 year-end oil and natural gas reserves, along with its fourth quarter 2013 operating and financial results.

Reserve Report Highlights (1)

◾ Increased proved developed producing reserves by 72% to 6.4 mmboe (45% oil and ngl's), proved reserves by 77% to 11.5 mmboe (46% oil and ngl's) and proved plus probable reserves by 44% to 17.2 mmboe. ◾ Proved developed producing reserves comprise 56% of the total proved reserves and proved reserves represent 67% of proved plus probable reserves as at December 31, 2013. ◾ Increased the net present value discounted at 10% ("NPV10") of its proved developed producing reserves value by 39% to $96.7 million, proved reserves value by 52% to $138.2 million and proved plus probable reserves value by 44% to $209.8 million.

Tags: Marquee Energy Ltd.




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