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Marquee Ramps Up Proved Reserves 19% to 15.3 MMBOE
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Marquee Energy Ltd. announces its fourth quarter operational results and financial results for the three and twelve months ended December 31, 2015.
Key Points: Increased total proved reserves by 19% to 15.3 mmboe (54% oil and NGLs), and proved plus probable reserves by 13% to 22.6 mmboe (56% oil and NGLs) Highlights:The Company’s operational and financial highlights for the year and quarter ending December 31, 2015 include:
Continued consolidation efforts at Michichi with the completion of a $16.3 million strategic acquisition and a $12.7 million strategic acquisition; Completed the sale of a production volume royalty on its Lloydminster property for proceeds of $20 Million; Completed an infrastructure-based facility agreement for proceeds of $15 million; Reduced net debt…- ✓ Full news archive — U.S., Canada & international coverage
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