CORPORATE STRATEGY Maintain a strong, flexible balance sheet Focus on sustainable growth and manageable declines Deliver solid, repeatable results Seek additional reductions in capital and operating costs Pursue further…
ASSET BASE OVERVIEW Alberta Saskatchewan Michichi 80% of total production Current Production = 4,600 boe/d 215+ horizontal oil-focused drilling locations identified 250 net undeveloped sections Edmonton Ownership and control…
MARQUEE HIGHLIGHTS WHY INVEST R R R R R R Large land Top-quartile Solid Continuous 100% owned Strong balance base and well production improvements infrastructure sheet drilling economics performance in cost inventory…
RESERVES GROWTH Marquee Reserves Growth 25,000 Proved Producing Total Proved Total Proved plus Probable 20,000 15,000 MBOE 10,000 5,000 0 2011 2012 2013 2014 2015 Reserves Category Light Oil Heavy Oil Gas NGL Total BT…
CORE AREA FOCUS P R O D U C T I O N AT M I C H I C H I H A S INCREASED B Y 350% SINCE 2013 MQL Production by Area 2015E MQL Production by Area 2014 MQL Production by Area 2013 MICHICHI MICHICHI 83.2% MICHICHI 72.4%…
THE MICHICHI ADVANTAGE Extensive Oil Potential 10 million barrels of oil in place per section 6-11-33-18 W4 combined for Banff and Detrital zones in MQL 14 MMscf/day EXTENSIVE 3D focus area SEISMIC COVERAGE Dominant Land Base…
EXPANSION OF LIGHT OIL MICHICHI FAIRWAY Acquisition Lands MQL Legacy Lands SUBCROP EDGE MQL Q1-2015 Well IP 60 300 BOED Southern Extension: 34 Net Sections with Banff rights MQL 9-16 5 Producing Banff HZ Wells IP 90 240…
MICHICHI REDUCTIONS IN CAPITAL COST STRUCTURE Drilling Cost per Meter Advancements to Marquees drilling design and operations process have successfully decreased 2,500 drilling costs over time. 2,000 of Days 1,500 1,000…
MICHICHI WELL ECONOMICS Michichi Well Performance 250 Type Curve (186 MBOE) 2014-2015 Drill Season Actuals Calendar Day Rate, BOE/D 200 150 100 Michichi Economics 50 Light Oil 32- 34 - 1 2 3 4 5 6 7 8 9 10 11 12 13 14…
BUDGET SENSITIVITIES 2015 2016 2016 2016 Pricing Assumptions1 Strip Strip US70 WTI US75 WTI Capital Program (mm) 25.4 33.5 42.3 57.7 Drilling Program (no. of wells) 8 12 16 23 Average Production2 (boe/d) 5,200 5,400 5,900…
Share Price Appreciation with Oil Price and Multiple Expansion Marquee Share Price vs. 2016 EV/DACF 5.00 0.60 4.75 4.50 0.50 4.00 3.63 3.71 3.50 0.40 3.00 DACF Per Share Share Price 2.82 2.65 2.50 0.30 2.67…
RECENT ACHIEVEMENTS AND NEAR TERM CATALYSTS 2014 Achievements: 2015 Catalysts: R Improved consistency and magnitude of well results: positive Summer drilling program: (6-8 HZ Michichi wells) to add adjustment to type curve and…
ANALYST COVERAGE Peters & Co. National Bank Financial DALE LEWKO DAN PAYNE E: DLEWKOPETERSCO.COM E: DAN.PAYNENBC.CA P: 403-261-2215 P: 403-290-5441 Haywood Securities Inc. Acumen Capital DARRELL BISHOP TREVOR REYNOLDS E:…
CONTACT US For more information, please contact: Main: 403-384-0000 Richard Thompson Fax: 403-265-0073 President, CEO & Director Address: 1700, 500-4th Ave SW Calgary, AB T2P 2V6 Email: rthompsonmarquee-energy.com Investor…
Appendix 19
EXPERIENCED MANAGEMENT TEAM Richard Thompson, President & CEO (since 2011) Former Executive Vice President/ Director of Cequence Energy Ltd. from 2008 to 2010 Former Vice President of Exploration at Cyries Energy Inc. from 2004 to…
STRONG GOVERNANCE Glenn Carley, BA, LLB., MBA, ICD.D Mr. Carley is the President of Selinger Capital Inc., a private investment company and has served as a Director of Marquee since December 5, 2011, and Chairman since May 2015. Mr.…
MQL HEDGES AS OF MAY 21, 2015 Term Hedge Type Counterparty Volume Pricing January 1, 2015 to June 30, 2015 WTI fixed price National Bank 250 bbls/d CDN 103.00/bbl April 1, 2015 to June 30, 2015 WTI fixed price National Bank 500…
2014 PRODUCTION AND NETBACKS Q1-14 Q2-14 Q3-14 Q4-14 2014 Q1-15 Average Production 4,024 5,035 5,143 5,209 4,858 5,536 BOE/D Liquid Content 48% 43% 42% 46% 44% 50% 59.57 55.93 49.97 44.56 52.00 31.35 Sales Price 5.37 7.31 6.54 3.64…
LLOYDMINSTER PERFORMANCE 2014 Lloydminster Well Results 100 Regional/Sparky 90 McLaren 80 HZ MQL 2014 Wells 70 * BOE/D 60 To be optimized + Well bore damage 50 40 30 20 10 0 + * * * Wells (Chronologically…
FREEHOLD ROYALTIES AGREEMENT RAISES 20 MILLION Marquee entered into an agreement with Freehold Royalties on March 25, 2015 for the sale of a production volume royalty (PVR) on its Lloydminster property, allowing the company to raise…
STRATEGIC ACQUISITION AT MICHICHI In Q1-2015, Marquee expanded its Michichi drilling inventory along a high-productivity Banff oil fairway. Marquee acquired the Michichi assets of a senior Canadian Acquisition Metrics producer…
MARQUEE HISTORY Entered into a Closed property Closed bought deal Closed PVR sale on Lloyd Received Acquired gas plant, reorganization and acquisition at Closed transaction to financing with property for 20M;Closed shareholder…
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