Richard Thompson, President and Chief Executive Officer of Marquee Energy Ltd. (CDNX: MQL), presented today at EnerCom’s The Oil & Gas Conference® 20.
Marquee Energy Ltd. is a Calgary based, junior energy company focused on high rate of return oil development and production. Marquee is committed to growing the company through exploitation of existing opportunities and continued consolidation within its core area at Michichi.
For the quarter ended March 31, 2015, Marquee achieved record average quarterly production of 5,536 boe/d (50% oil and NGLs), a 38% increase compared to Q1’14 and reduced G&A costs to $3.37/boe, a 25% decrease from Q1’14. On August 13, the company expanded its Michichi footprint with the acquisition of 550 BOEPD of production on 21 net sections of land for $11.98 million.
During the company’s breakout session, management was asked the following questions:
- Any thoughts of buying new shares in a tough market right now?
- When will you guys re-evaluate your type curve?
- Do you have access to pipelines in any form? How about terminals?
- Speaking of the pipeline issues, it must be frustrating to operate in this industry. What’s your development plan for the near future?
- Is it beneficial to have Paramount Resources on board? How does that impact us as shareholders?
- I’m curious of your geological strategies. Can you talk about that?
- Do you contract by wells or for a certain time period? Any concerns about it, especially at times when the market hit bottom?
Click here for the webcast.
Important disclosures: The information provided herein is believed to be reliable; however, EnerCom, Inc. makes no representation or warranty as to its completeness or accuracy. EnerCom’s conclusions are based upon information gathered from sources deemed to be reliable. This note is not intended as an offer or solicitation for the purchase or sale of any security or financial instrument of any company mentioned in this note. This note was prepared for general circulation and does not provide investment recommendations specific to individual investors. All readers of the note must make their own investment decisions based upon their specific investment objectives and financial situation utilizing their own financial advisors as they deem necessary. Investors should consider a company’s entire financial and operational structure in making any investment decisions. Past performance of any company discussed in this note should not be taken as an indication or guarantee of future results. EnerCom is a multi-disciplined management consulting services firm that regularly intends to seek business, or currently may be undertaking business, with companies covered on Oil & Gas 360®, and thereby seeks to receive compensation from these companies for its services. In addition, EnerCom, or its principals or employees, may have an economic interest in any of these companies. As a result, readers of EnerCom’s Oil & Gas 360® should be aware that the firm may have a conflict of interest that could affect the objectivity of this note. EnerCom, or its principals or employees, may have an economic interest in any of the companies covered in this report or on Oil & Gas 360®. As a result, readers of EnerCom’s reports or Oil & Gas 360® should be aware that the firm may have a conflict of interest that could affect the objectivity of this report.