Marquee Energy Ltd. announced earnings and production results for the third quarter and nine months ended September 30, 2017. For the quarter the company reported oil and natural gas sales was CAD 6,569,000 compared to CAD 7,432,000 a year ago. Funds flow from operations was CAD 1,495,000 compared to negative funds flow from operations was CAD 532,000 a year ago. Net loss was CAD 2,937,000 compared to CAD 5,247,000 a year ago. Net loss per share - basic and diluted was CAD 0.01 compared to CAD 0.03 a year ago. Capital expenditures were CAD 7,529,000 compared to CAD 210,000 a year ago.

For the nine months the company reported oil and natural gas sales was CAD 22,980,000 compared to CAD 23,525,000 a year ago. Funds flow from operations was CAD 4,982,000 compared to CAD 821,000 a year ago. Net loss was CAD 8,555,000 compared to CAD 12,122,000 a year ago. Net loss per share - basic and diluted was CAD 0.02 compared to CAD 0.06 a year ago. Capital expenditures were CAD 15,375,000 compared to CAD 687,000 a year ago. Net debt was CAD 28,944,000 compared to CAD 45,019,000 a year ago.

Company is projecting to be at the lower end of the previously announced corporate exit rate of 3,000 to 3,300boe/d. Along with this, the second half 2017 capital spending forecast has been reduced from CAD 15 million to CAD 11 million.

For the quarter, the company reported daily sales volumes total was 2,791boe/d compared to 2,772boe/d.

For the nine months, the company reported daily sales volumes total was 2,767boe/d compared to 3,669boe/d.