Exploration & Production | Drilling / Well Results | Quarterly / Earnings Reports | Fourth Quarter (4Q) Update
Marquee Continues Michichi Delineation; Bolstered Asset Base in 2013
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Marquee Energy Ltd. has reported its 2013 year-end oil and natural gas reserves, along with its fourth quarter 2013 operating and financial results.
The company also details its plans for further Michichi delineation.
Reserve Report Highlights 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% of its proved developed producing reserves value by 39% to $96.7 million , proved reserves value by 52% to $138.2 million and proved…- ✓ Full news archive — U.S., Canada & international coverage
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