Marquee Energy Ltd. reported earnings and operating results for the fourth quarter and year ended December 31, 2017. For the quarter, the company reported oil and natural gas sales of CAD 9,068,000 compared to CAD 8,013,000, funds flow from operations of CAD 972,000 or CAD 0.00 per basic and diluted share compared to CAD 404,000 or CAD 0.00 per basic and diluted share, cash flow from operating activities of CAD 661,000 compared to cash flow used in operating activities of CAD 1,741,000, net loss of CAD 13,040,000 or CAD 0.03 per basic and diluted share compared to CAD 10,063,000 or CAD 0.04 per basic and diluted share, capital expenditures of CAD 3,392,000 compared to CAD 1,052,000 for the last year.

For the year, the company reported oil and natural gas sales of CAD 32,048,000 compared to CAD 31,538,000, funds flow from operations of CAD 5,954,000 or CAD 0.01 per basic and diluted share compared to funds flow used in operations of CAD 3,065,000 or CAD 0.01 per basic and diluted share, cash flow from operating activities of CAD 1,656,000 compared to CAD 762,000, net loss of CAD 21,595,000 or CAD 0.05 per basic and diluted share compared to CAD 22,185,000 or CAD 0.10 per basic and diluted share for the last year. Capital expenditures were CAD 18,767,000. Net debt as at December 31, 2017 was CAD 31,598,000 compared to CAD 17,165,000 as at December 31, 2016.

For the quarter, production averaged 2,874 boe per day, comprising 49% oil and liquids compared to 2,558 boe per day in fourth quarter of 2016, a 12% increase to total boe per day production of over the last year.

For the year, production averaged 2,793 boe per day compared to 3,361 boe per day in last year.