Marquee Energy宣布出售非核心浅层天然气资产

Marquee Energy Ltd. (TSX VENTURE: MQL) announces that it has entered into a purchase and sale agreement for the sale of a non-core, shallow gas asset for total cash consideration of $4.5 million, prior to customary closing adjustments. The Transaction is expected to close on or about May 31, 2016, subject to applicable regulatory approvals.

The asset includes approximately 500 gross / 396 net wells and averaged approximately 5,700 mcf/d in Q1 2016. The Company expects the disposition to have a positive impact on operating costs, general and administration expenses and the Company’s asset retirement obligations, while having minimal impact on cashflow. In the short term, the gross proceeds from the sale of the assets will be used to reduce the Company’s current debt and improve financial flexibility. The disposition is consistent with Marquee’s strategy to divest of the Company’s non-core assets to further focus the Company on its Detrital/Banff oil play at Michichi.