UPDATE: Marquee Energy Slips Nearer To Yr Lows As Continues Transition to Oil Producer in 2012

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Marquee Energy Ltd. (MQL.V), with a year low of 52 cents, said it achieved its goal of transitioning from a gas weighted to an oil and liquids weighted company in 2012. It said: "The significant growth in both production and land base in the company's core Michichi area, together with the acquisition and development of its Lloydminster assets, have resulted in significant increases in the oil and natural gas liquids ( NGL ) proportion of both its average daily production and year-end reserves. The company now has a deep inventory of oil focused drilling opportunities at both Michichi and Lloydminster."

Marquee Energy is a publicly traded Calgary-based growth oriented junior oil and gas company currently focused on high rate of return oil and liquids rich gas production in Alberta.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Commodities

Referenced Stocks: NGL

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