Marquee Energy Ltd. provided an update for its first quarter of 2017 drilling program at Michichi. Three Banff horizontal light oil wells were drilled, completed and tied in from a single pad location for an average total cost of $1.79 million each. The wells began production the first week of April with an average IP30 of 231 boe/d per well based on field estimates. The wells are continuing to cleanup and are producing with high fluid levels. Certainty with respect to oil rates and water cuts will be established once the cleanup phase is completed and the wells stabilize. Over the last week the wells have averaged 308 boe/d per well. The wells qualify for the Alberta Energy initial New Well Royalty Rate (NWRR) of 5%.