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Marquee Energy Sees Higher IPs From New Michichi Wells
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Marquee Energy Ltd. has announced its third quarter operational results and financials for the three and nine months ended September 30, 2015.
Outlook Marquee is early in the development of its long life, high original oil in place (OOIP) light oil play at Michichi. The Company's drilling inventory of more than 300 locations was recently validated by an independent contingent resource assessment performed by Sproule Associates Ltd. Although current commodity prices continue to provide challenges to the industry, the Company remains in a strong position. With a high quality light oil play and a dominant operated land and infrastructure position, Marquee is able to control the pace and development of Michichi while continuing to lower both capital and operating costs. The Company's strong…- ✓ Full news archive — U.S., Canada & international coverage
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