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?
