Marquee Energy Considers Strategic Alternatives

Marquee Energy Ltd, formerly Alberta Oilsands Inc, is a Canada-based junior energy company. The Company is focused on the development of its light oil resource play in South East Alberta. It is also focused on exploitation of existing opportunities within its core area at Michichi, Alberta. Its light oil resource play in South East Alberta at Michichi, includes over 300 million barrels of discovered petroleum initially in place, and over 300 multi-zone horizontal development drilling locations targeting the Detrital/Banff reservoirs, which are identified through two dimensional (2D) and three dimensional (3D) seismic, vertical well control (over 1,000 vertical wells) and offsetting horizontal wells drilled in the Michichi area. In addition, the Company controls and operates gas plants and an oil battery.