Marquee Energy Ltd. announced earnings and operating results for the second quarter and six months ended June 30, 2018. For the quarter, Oil and natural gas sales and processing fee income was CAD 11,521,000, funds flow from operations was CAD 1,646,000 or CAD 0.00 per basic and diluted share, cash flow from operating activities was CAD 2,835,000 and net loss was CAD 4,671,000 or CAD 0.01 per basic and diluted share against Oil and natural gas sales and processing fee income of CAD 9,187,000, funds flow from operations of CAD 2,384,000 or CAD 0.01 per basic and diluted share, cash flow from operating activities of CAD 12,000 and net loss of CAD 1,956,000 or CAD 0.00 per basic and diluted share for the same period a year ago. Capital expenditures were CAD 276,000 against CAD 1,246,000 a year ago.

For the six months, Oil and natural gas sales and processing fee income was CAD 20,342,000, funds flow from operations was CAD 2,353,000 or CAD 0.01 per basic and diluted share, cash flow from operating activities was CAD 4,098,000 and net loss was CAD 9,583,000 or CAD 0.02 per basic and diluted share against Oil and natural gas sales and processing fee income of CAD 16,790,000, funds flow from operations of CAD 3,489,000 or CAD 0.01 per basic and diluted share, cash flow from operating activities of CAD 259,000 and net loss of CAD 5,618,000 or CAD 0.01 per basic and diluted share for the same period a year ago. Capital expenditures were CAD 11,321,000 against CAD 7,486,000 a year ago.

Production in second quarter averaged 3,159 boe per day (boe/d) (53% oil and liquids), a 4% increase to total boe per day production over second quarter of 2017, and a 9% absolute increase to oil and liquids weighting over second quarter of 2017. The increase in production rate and oil and liquids weighting is due to the addition of nine new Banff horizontal wells at Michichi since the end of second quarter of 2017.

For the six months, averaged production was 2,964 boe per day against 2,754 boe per day a year ago.