OIL FOCUSED GROWTH, DEVELOPMENT AND PRODUCTION Strategic Acquisition , February 2014 Hand Hills, Michichi, Alberta
Acquisition at a Glance Based on recent offsetting drilling success, Marquee has entered into a transaction with Paramount Resources Purchase Price 11.65 million Marquee will issue 13.7 million shares to Paramount at an equivalent…
Consolidated Oil Focused Asset Base LLOYDMINSTER EDMONTON CALGARY Core Area MICHICHI Consolidated Land Position With Operatorship and High Working Interest 5
Positioned for Growth Marquee's Strategic Acquisition in its Michichi Core Area Offers Room to Run Economics Production Growth Proforma production 60% ROR 4,600 boe/d Michichi wells deliver superior rate of 2 core areas account…
Corporate Direction Identify Position Consolidate Exploit - 2014 Capitalize on experience & assets 2013 Strategic Business Combination 5,600 boe/d 2012 forecast exit First Michichi 3,700 horizontal oil boe/d - production…
Management Team and Board of Directors Management Team Directors Richard Thompson, President & CEO Dennis Feuchuk, Chairman Roy Evans, CA, VP Finance & CFO Richard Alexander 2, 3 Steve Bradford, VP Land Glenn Carley 2, 3 Rob…
Marquee Post Acquisition Market Profile (MQL:TSX-V) Share Price(1) 0.88 Shares Outstanding 98.2 MM Market Capitalization 86.4 MM Operations Production 4,600 boe/d Oil Weighting 44% Undeveloped Land 273,400 net acres Drilling…
Michichi Advantage Large OOIP 5 million barrels of oil in place per section based on AER and internal estimates Supported by independent reserves evaluation Dominant Land Base 215 net undeveloped sections Crown land with minimal…
Drilling Success at Michichi 19 horizontal wells drilled by Marquee to-date Michichi production 3,100 boe/d Horizontal Wells Drilled At Michichi by Operator 35 30 25 20 15 10 5 0 Drilled Licensed Land Base Offers High…
Michichi Geological Model Detrital Banff Target oil Target oil bearing zone bearing zone W E Bantry Ellerslie Detrital Middle Banff Fracturing MIDDLE BANFF DETRITAL API () 30-36 30-36 Lower Banff Pay (m) 5-20 3-8 Perm…
Michichi Economics Michichi Banff/Detrital Type Curve ASSUMPTIONS 180 Peak IP 30 Rate 165 boe/d 160 IP 90 Rate 154 boe/d Reserves 155 mboe 140 DCET 2.25 MM 120 Netback 51.42/boe 100 Boe/d HALF CYCLE ECONOMICS 80 NPV 10%…
Lloydminster Current production 550 bbls/d Marquee land Marquee wells 7 net undeveloped sections (98% avg WI) All wells Near-term opportunities Drilling inventory 25 locations, 2 wells to be drilled in March Operating costs…
2014 Guidance 2014 Exit Production 5,500 - 5,700 Boe/d 2013 Exit Debt to 2014 Cash Flow 1.85 times 2014 Cash Flow (1) 38 to 40 MM Debt (Exit 2013) 72 MM Credit Facility 95 MM 2014 Capital Budget 13 Michichi horizontal…
Summary Undervalued relative to peer companies Control greater than 215 square miles of low risk development lands with operated processing and gathering infrastructure High recycle rate and high rate of return oil drilling…
Analyst Coverage National Bank Financial DAN PAYNE E:DAN.PAYNENBC.CA P:403-290-5441 GMP Securities AARON SWANSON E:ASWANSONGMPSECURITIES.COM P:403-543-3563 Acumen Capital TREVOR REYNOLDS E:TREYNOLDSACUMENCAPITAL.COM…
Contact Us Richard Thompson President, CEO & Director Direct: (403) 817-5561 rthompsonmarquee-energy.com Roy Evans CFO, Vice President Finance Direct: (403) 817-5568 revansmarquee-energy.com www.marquee-energy.com…
Appendix 19
Terms of The Acquisition Marquee to acquire certain low decline, operated, producing assets from Paramount located in the Companys core area of Michichi (the Acquisition). Purchase Price Purchase price is equivalent to 11,650,000…
Marquee Hedges as of February 19, 2014 Term Hedge Type Counterparty Volume Pricing January 1, 2014 to June 30, 2014 WTI fixed price National Bank 400 bbls/d Cdn 96.25/bbl July 1, 2014 to December 31, 2014 WTI fixed price National…
Marquee History May 19, 2011 Entered into a reorganization and recapitalization with Base Oil and Gas August 31, 2011 Closed financing with exercise of over allotment for total of 17 MM Sept. 17, 2011 Closes property acquisition at…
Loading...
