Exploration & Production | Quarterly / Earnings Reports | Fourth Quarter (4Q) Update
Marquee Sets Up Wells at Lloydminster, Machichi Projects in Q4
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Marquee Energy Ltd. has reported an update on its Canadian operations.
Marquee has drilled six wells at Michichi and two wells at Lloydminster since the beginning of Q4 2013 and is currently drilling a seventh well at Michichi. Both wells at Lloydminster and three of the six completed Michichi wells are now on production. The Company plans to drill and tie-in two more wells at Lloydminster in the first quarter. Three of the six Michichi wells are completed and will be on production before the end of the quarter. The current well being drilled will complete the winter program, with new drilling to resume in June at Michichi and Lloydminster .
Production in Q4 2013 averaged 2,113 boe/d and January 2014 production averged 3,800 boe/d (53% oil and liquids) based on field estimates…
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