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Marquee Ramps Up Drilling, 6 More Michichi Wells

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Marquee Ramps Up Drilling, 6 More Michichi Wells

Marquee Energy Ltd. has announced record production for the first quarter of 2015.

First quarter production increased 6% from the previous quarter to 5,536 boe/d.

Outlook The Company is uniquely positioned with its strong balance sheet and low cost oil focused asset base which allow Marquee to mitigate its exposure to volatility in commodity prices, while also positioning it for strong growth as commodity pricing improves. Marquee will continue its careful management of capital expenditures and maintenance of prudent debt levels. The Company has a hedging program in place to provide a base level of revenue surety to protect short-term capital programs. Marquee's Directors have approved an increase to the capital budget that will support the drilling of six additional Michichi wells which…
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