ENP Newswire -
Release date- 30072014 -
Marquee has entered into a syndicated credit facility agreement with two Canadian Chartered banks that provides a total credit availability of
Marquee has drilled three wells at Michichi since early
The Company has recently constructed a central separation and sweetening facility at Michichi to handle the new production from recent drilling. The facility is expected to reduce the equipping and tie-in costs for the new wells and also contribute to lower operating costs for new production.
The Company plans to commence its
Marquee expects to release its Q2-2014 financial results along with a more detailed operational update on
The Company also announces its participation in the upcoming Peters & Co. 2014
President & Chief Executive Officer
Tel: (403) 817-5561
Vice President, Finance and Chief Financial Officer
Tel: (403) 817-5568
Forward looking information
Certain information included in this press release constitutes forward-looking information under applicable securities legislation. Such forward-looking information is provided for the purpose of providing information about management's current expectations and plans relating to the future.
Readers are cautioned that reliance on such information may not be appropriate for other purposes, such as making investment decisions. Forward-looking information typically contains statements with words such as 'anticipate', 'believe', 'expect', 'plan', 'intend', 'estimate', 'propose', 'project' or similar words suggesting future outcomes or statements regarding an outlook.
Forward-looking information in this press release may include, but is not limited to, the timing and expected results of the Company's drilling program. Forward-looking information is based on a number of factors and assumptions that have been used to develop such information. Although the Company believes that the expectations reflected in such forward-looking information are reasonable, undue reliance should not be placed on forward-looking information because the Company can give no assurance that such expectations will prove to be correct.
The forward-looking information contained in this press release is made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, unless required by applicable securities laws. The forward looking information contained in this press release is expressly qualified by this cautionary statement.
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