Operational Updates
Marquee Energy Talks Lloydminster, Machichi Acceleration
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Marquee Energy Ltd. has reported its third quarter operating and financial results and provide an update on recent activities.
Achievements and HighlightsThe success of the Company’s drilling activities at Michichi and Lloydminster in the first half of 2012 resulted in significant growth in a number of key operational and financial areas in the third quarter of 2012. Marquee is reporting significant increases in production, oil and liquids weighting, and funds flow for the third consecutive quarter. Operating netbacks have continued to improve since Q1-2012.
Two previously reported transactions that were completed subsequent to the end of the quarter will allow the Company to accelerate the development of its core Michichi area in East Central Alberta:
1. Asset acquisition in…
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