Exploration & Production | Quarterly / Earnings Reports | First Quarter (1Q) Update
Marquee Energy Ramps Up Last Year's Production; Talks Canadian Ops
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Marquee Energy Ltd. has provided its first quarter 2014 operating and financial results.
Financial and Operational Highlights include: Average production volumes of 4,024 boe/d (48% oil and NGLs) in the quarter are 90% higher than Q4-2013. Production for the month of April averaged 5,100 boe/d (44% oil and NGLs) based on field estimates. Closed the acquisition of certain low decline, operated assets from Paramount Resources Ltd. for a purchase price of $11.1 million, paid for by the issuance of 13,705,888 common shares and cash of $250,000. The assets increased production by approximately 800 boe/d in the month of March, and include 120 net sections of land with 50 net sections of oil prone Mannville/Banff rights, a gas processing facility with 20 mmcf/d capacity, and extensive gas…- ✓ Full news archive — U.S., Canada & international coverage
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