Exploration & Production | Quarterly / Earnings Reports
Marquee Sustains Lloydminster, Machichi Ops in Q3; Talks Sonde Deal
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Marquee Energy Ltd. has reported an update on its transaction with Sonde Resources and announce its third quarter 2013 operating and financial results.
Sonde Deal UpdateMarquee Energy Ltd. and Sonde Resources Corp. announced on November 5, 2013 that they entered into an agreement whereby Marquee will acquire substantially all of the Western Canadian assets of Sonde, including all of its Southern Alberta properties. The Assets are primarily located in Marquee's core area at Michichi, Alberta immediately offsetting Marquee's lands and production. Pursuant to the Transaction, Sonde will transfer the Assets and related tax pools to a newly formed subsidiary of Sonde, which will either amalgamate with a wholly-owned subsidiary of Marquee or be directly acquired by Marquee pursuant to a plan…
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