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Table of Contents
Table of Contents 2
List of Tables 4
List of Figures 5
Company Snapshot 8
Key Information 8
Company Overview 8
Marquee Energy Ltd., Valuation and Financial Data 9
Marquee Energy Ltd., Share Price Performance 9
Share Price Performance, Q2, 2015-Q2, 2016 9
Marquee Energy Ltd., Key Valuation Metrics 10
Key Valuation Metrics, Q2, 2015-Q2, 2016 10
Marquee Energy Ltd., Quarterly Results of Oil & Gas Operations Per boe Produced 11
Results of Oil & Gas Operations Per boe Produced, Q2, 2015-Q2, 2016 11
Results of Oil & Gas Operations Per boe Growth Rates, Q2, 2015-Q2, 2016 12
Marquee Energy Ltd., Quarterly E&P Costs Trends 13
Upstream Capital Expenditure, Q2, 2015-Q2, 2016 13
Marquee Energy Ltd., Quarterly Production Trends 14
Marquee Energy Ltd., Total Oil and Gas Production 14
Total Crude Oil and Natural Gas Production Trend, Q2, 2015-Q2, 2016 14
Total Crude Oil & Natural Gas Production, By Country/Region, Q2, 2015-Q2, 2016 15
Marquee Energy Ltd., Crude Oil Production 16
Total Crude Oil Production Trend, Q2, 2015-Q2, 2016 16
Crude Oil Production, By Country/Region, Q2, 2015-Q2, 2016 17
Marquee Energy Ltd., Natural Gas Production 18
Total Natural Gas Production Trend, Q2, 2015-Q2, 2016 18
Natural Gas Production, By Country/Region, Q2, 2015-Q2, 2016 19
Marquee Energy Ltd., Valuation and Financial Data, 2011-2015 20
Marquee Energy Ltd., Share Price Performance, 2011-2015 20
Share Price Performance, 2011-2015 20
Key Valuation Metrics, 2011-2015 21
Marquee Energy Ltd., Production and Reserves Trends 22
Total Oil and Gas, Reserves and Production 22
Total Crude Oil and Natural Gas Production and Reserves Trend, 2011-2015 22
Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2011-2015 24
Total Crude Oil and Natural Gas Reserve Changes, 2011-2015 26
Crude Oil/Liquids Production and Reserve 27
Crude Oil/Liquids Production and Reserve Trend, 2011-2015 27
Crude Oil Production and Reserves By Country/Region, 2011-2015 28
Crude Oil/Liquids Reserve Changes, 2011-2015 30
Natural Gas Production and Reserve 31
Natural Gas Production and Reserve Trend, 2011-2015 31
Natural Gas Production and Reserves, By Country/Region, 2011-2015 32
Natural Gas Reserve Changes, 2011-2015 34
Total Crude Oil and Natural Gas Reserves Life Index 35
Total Crude Oil and Natural Gas Reserves Life Index, 2011-2015 35
Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2011-2015 36
Marquee Energy Ltd., E&P Costs Trends 38
Allocation of the Upstream Capital Expenditure 38
Upstream Capital Expenditure, 2011-2015 38
Acquisition Costs By Country/Region, 2011-2015 39
Exploration and Development Costs, By Country/Region, 2011-2015 41
Oil and Gas Cost Per boe, US$/boe 43
Oil and Gas Cost Per boe, US$/boe, 2011-2015 43
Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2011-2015 45
Marquee Energy Ltd., Reserve Replacement Ratio 47
Oil and Gas Production Replacement Ratio 47
Oil and Gas Production Replacement Ratio, 2011-2015 47
Oil and Gas Production Replacement Ratio, By Country/Region, 2011-2015 49
Marquee Energy Ltd., Results of Oil & Gas Operations Trend 53
Oil and Gas Revenue and Expenses 53
Oil and Gas Revenue and Expenses, 2011-2015 53
Oil and Gas Revenue and Expenses, By Country/Region, 2011-2015 54
Oil and Gas Revenue and Expenses, Per boe 59
Oil and Gas Revenue and Expenses, By boe, 2011-2015 59
Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2011-2015 60
Oil and Gas Performance Metrics 64
Marquee Energy Ltd., Land Holdings and Well Data 65
Developed and Undeveloped Acreage 65
Gross and Net Developed and Undeveloped Acreage, 2011-2015 65
Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2011-2015 66
Well Statistics 68
Producible Oil and Gas Well, 2011-2015 68
Producible Oil and Gas Well, By Country/Region, 2011-2015 69
Exploration and Development Wells Drilled, 2011-2015 73
Recent Developments 74
Marquee Energy Ltd. - Recent Developments 74
Nov 14, 2016: Marquee Energy Announces Successful Appeal Of Order Of Court Decision And Provides Update Regarding Transaction With Alberta Oilsands 74
Aug 29, 2016: Marquee Announces Second Quarter 2016 Operating And Financial Results 74
May 18, 2016: Marquee Energy Announces First Quarter 2016 Financial Results And Updates Date Of AGM 76
Apr 07, 2016: Marquee Energy Announces Fourth Quarter 2015 And Fiscal 2015 Financial And Operating Results And Significant Increase In 2015 Reserves 78
Dec 01, 2015: Marquee Energy Announces Appointment Of Chief Financial Officer 83
Nov 19, 2015: Marquee Energy Announces Changes To Board Of Directors 83
Nov 19, 2015: Marquee Energy Announces Operational Update And Third Quarter 2015 Financial Results 84
Oct 16, 2015: Marquee Energy Announces Michichi Contingent Resource Assessment 86
Sep 08, 2015: Marquee Energy: Announces Retirement Of Chief Financial Officer 89
Aug 31, 2015: Marquee Energy Provides Corporate Update 89
Appendix 90
Methodology 90
Coverage 90
Secondary Research 90
Primary Research 90
Data Information Sources 91
Company Source 91
SEC/Other Regulatory Filings 91
Other Sources 91
Expert Panel Validation 91
Data Definition 91
Oil and Gas Reserves 91
Units of Measure 92
About GlobalData 92
Disclosure 92
Disclaimer 92
List of Tables
Table 1: Marquee Energy Ltd., Key Facts 8
Table 2: Marquee Energy Ltd., Share Price Performance, Q2, 2015-Q2, 2016 9
Table 3: Marquee Energy Ltd., Key Valuation Metrics, Q2, 2015-Q2, 2016 10
Table 4: Marquee Energy Ltd., Results of Oil & Gas Operations Per boe Produced, US$/boe, Q2, 2015-Q2, 2016 11
Table 5: Marquee Energy Ltd., Results of Oil & Gas Operations Per boe Growth Rates, %, Q2, 2015-Q2, 2016 12
Table 6: Marquee Energy Ltd., Upstream Capital Expenditure, Q2, 2015-Q2, 2016 13
Table 7: Marquee Energy Ltd., Total Crude Oil and Natural Gas, Production, Q2, 2015-Q2, 2016 14
Table 8: Marquee Energy Ltd., Total Oil & Gas Production, By Country/Region, mmboe, Q2, 2015-Q2, 2016 15
Table 9: Marquee Energy Ltd., Total Crude Oil Production, mmbbl, Q2, 2015-Q2, 2016 16
Table 10: Marquee Energy Ltd., Crude Oil Production, By Country/Region, mmbbl, Q2, 2015-Q2, 2016 17
Table 11: Marquee Energy Ltd., Total Natural Gas Production, bcf, Q2, 2015-Q2, 2016 18
Table 12: Marquee Energy Ltd., Natural Gas Production, By Country/Region, bcf, Q2, 2015-Q2, 2016 19
Table 13: Marquee Energy Ltd., Share Price Performance, 2011-2015 20
Table 14: Marquee Energy Ltd., Key Valuation Metrics, 2011-2015 21
Table 15: Marquee Energy Ltd., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 23
Table 16: Marquee Energy Ltd., Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2011-2015 25
Table 17: Marquee Energy Ltd., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2011-2015 26
Table 18: Marquee Energy Ltd., Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 27
Table 19: Marquee Energy Ltd., Crude Oil Production and Reserves, By Country/Region, mmbbl, 2011-2015 29
Table 20: Marquee Energy Ltd., Crude Oil Reserve Changes, mmbbl, 2011-2015 30
Table 21: Marquee Energy Ltd., Natural Gas Production and Reserves Metrics, bcf, 2011-2015 31
Table 22: Marquee Energy Ltd., Natural Gas Production and Reserves, By Country/Region, bcf, 2011-2015 33
Table 23: Marquee Energy Ltd., Natural Gas Reserve Changes, bcf, 2011-2015 34
Table 24: Marquee Energy Ltd., Oil and Gas Reserves Life Index, Years, 2011-2015 35
Table 25: Marquee Energy Ltd., Oil and Gas Reserves Life Index, By Country/Region, Years, 2011-2015 37
Table 26: Marquee Energy Ltd., Upstream Capital Expenditure, US$ mil, 2011-2015 38
Table 27: Marquee Energy Ltd., Proved and Unproved Acquisition Costs, By Country/Region, US$ mil, 2011-2015 40
Table 28: Marquee Energy Ltd., Exploration and Development Costs, By Country/Region, US$ mil, 2011-2015 42
Table 29: Marquee Energy Ltd., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 44
Table 30: Marquee Energy Ltd., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2011-2015 46
Table 31: Marquee Energy Ltd., Oil and Gas Production Replacement Ratio, %, 2011-2015 48
Table 32: Marquee Energy Ltd., 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2011-2015 52
Table 33: Marquee Energy Ltd., Revenue and Expenses, US$ mil, 2011-2015 53
Table 34: Marquee Energy Ltd., Revenue and Expenses, By Country/Region, US$ mil, 2011-2015 58
Table 35: Marquee Energy Ltd., Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 59
Table 36: Marquee Energy Ltd., Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2011-2015 63
Table 37: Marquee Energy Ltd., Oil and Gas Performance Metrics, 2011-2015 64
Table 38: Marquee Energy Ltd., Land Holdings (Developed and Undeveloped Acreage), Acres, 2011-2015 65
Table 39: Marquee Energy Ltd., Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2011-2015 67
Table 40: Marquee Energy Ltd., Producible Oil and Gas Wells, 2011-2015 68
Table 41: Marquee Energy Ltd., Producible Oil and Gas Wells, By Country/Region, 2011-2015 72
Table 42: Marquee Energy Ltd., Exploratory and Developed Wells, 2011-2015 73
List of Figures
Figure 1: Marquee Energy Ltd., Share Price Performance, CAD/Share, Q2, 2015-Q2, 2016 9
Figure 2: Marquee Energy Ltd., Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), Q2, 2015-Q2, 2016 10
Figure 3: Marquee Energy Ltd., Results of Oil & Gas Operations Per boe Produced, US$/boe, Q2, 2015-Q2, 2016 11
Figure 4: Marquee Energy Ltd., Upstream Capital Expenditure, US$ mil, Q2, 2015-Q2, 2016 13
Figure 5: Marquee Energy Ltd., Total Crude Oil and Natural Gas, Production, mmboe, Q2, 2015-Q2, 2016 14
Figure 6: Marquee Energy Ltd., Total Oil & Gas Production, By Country/Region, mmboe, Q2, 2015-Q2, 2016 15
Figure 7: Marquee Energy Ltd., Total Crude Oil Production, mmbbl, Q2, 2015-Q2, 2016 16
Figure 8: Marquee Energy Ltd., Crude Oil Production, By Country/Region, mmbbl, Q2, 2015-Q2, 2016 17
Figure 9: Marquee Energy Ltd., Total Natural Gas Production, bcf, Q2, 2015-Q2, 2016 18
Figure 10: Marquee Energy Ltd., Natural Gas Production, By Country/Region, bcf, Q2, 2015-Q2, 2016 19
Figure 11: Marquee Energy Ltd., Share Price Performance, CAD/Share, 2011-2015 20
Figure 12: Marquee Energy Ltd., Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2011-2015 21
Figure 13: Marquee Energy Ltd., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 22
Figure 14: Marquee Energy Ltd., Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2011-2015 24
Figure 15: Marquee Energy Ltd., Total Oil & Gas Production, By Country/Region, mmboe, 2011-2015 24
Figure 16: Marquee Energy Ltd., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2015 26
Figure 17: Marquee Energy Ltd., Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 27
Figure 18: Marquee Energy Ltd., Oil Reserves, End of Period, By Country/Region, mmbbl, 2011-2015 28
Figure 19: Marquee Energy Ltd., Oil Production, By Country/Region, mmbbl, 2011-2015 28
Figure 20: Marquee Energy Ltd., Crude Oil Reserve Changes, mmbbl, 2015 30
Figure 21: Marquee Energy Ltd., Natural Gas Production and Reserves Metrics, bcf, 2011-2015 31
Figure 22: Marquee Energy Ltd., Gas Reserves, End of Period, By Country/Region, bcf, 2011-2015 32
Figure 23: Marquee Energy Ltd., Gas Production, By Country/Region, bcf, 2011-2015 32
Figure 24: Marquee Energy Ltd., Natural Gas Reserve Changes, bcf, 2015 34
Figure 25: Marquee Energy Ltd., Oil and Gas Reserves Life Index, Years, 2011-2015 35
Figure 26: Marquee Energy Ltd., Gas Reserve Life Index, By Country/Region, Years, 2011-2015 36
Figure 27: Marquee Energy Ltd., Oil & Gas Reserve Life Index, By Country/Region, Years, 2011-2015 36
Figure 28: Marquee Energy Ltd., Oil Reserve Life Index, By Country/Region, Years, 2011-2015 37
Figure 29: Marquee Energy Ltd., Upstream Capital Expenditure, US$ mil, 2011-2015 38
Figure 30: Marquee Energy Ltd., Proved Acquisition Costs, By Country/Region, US$ mil, 2011-2015 39
Figure 31: Marquee Energy Ltd., Unproved Acquisition Costs, By Country/Region, US$ mil, 2011-2015 39
Figure 32: Marquee Energy Ltd., Development Costs, By Country/Region, US$ mil, 2011-2015 41
Figure 33: Marquee Energy Ltd., Exploration Costs, By Country/Region, US$ mil, 2011-2015 41
Figure 34: Marquee Energy Ltd., 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 43
Figure 35: Marquee Energy Ltd., Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 45
Figure 36: Marquee Energy Ltd., Oil & Gas Finding Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 45
Figure 37: Marquee Energy Ltd., Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 46
Figure 38: Marquee Energy Ltd., 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2011-2015 47
Figure 39: Marquee Energy Ltd., 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2011-2015 49
Figure 40: Marquee Energy Ltd., 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2011-2015 49
Figure 41: Marquee Energy Ltd., 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2011-2015 50
Figure 42: Marquee Energy Ltd., 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2011-2015 50
Figure 43: Marquee Energy Ltd., 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2011-2015 51
Figure 44: Marquee Energy Ltd., 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2011-2015 51
Figure 45: Marquee Energy Ltd., Revenue and Expenses, US$ mil, 2011-2015 53
Figure 46: Marquee Energy Ltd., Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 54
Figure 47: Marquee Energy Ltd., Exploration Expenses, By Country/Region, US$ mil, 2011-2015 54
Figure 48: Marquee Energy Ltd., Income Tax Provision (Benefit) From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 55
Figure 49: Marquee Energy Ltd., Net Income/ Loss From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 55
Figure 50: Marquee Energy Ltd., Oil & Gas Revenue, By Country/Region, US$ mil, 2011-2015 56
Figure 51: Marquee Energy Ltd., Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 56
Figure 52: Marquee Energy Ltd., Production Costs, By Country/Region, US$ mil, 2011-2015 57
Figure 53: Marquee Energy Ltd., Total Expenses From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 57
Figure 54: Marquee Energy Ltd., Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 59
Figure 55: Marquee Energy Ltd., Exploration Expenses per boe, By Country/Region, US$/boe, 2011-2015 60
Figure 56: Marquee Energy Ltd., Income Tax/(Benefit) per boe, By Country/Region, US$/boe, 2011-2015 60
Figure 57: Marquee Energy Ltd., Lifting Cost per boe, By Country/Region, US$/boe, 2011-2015 61
Figure 58: Marquee Energy Ltd., Annual Net Income per boe, By Country/Region, US$/boe, 2011-2015 61
Figure 59: Marquee Energy Ltd., Oil & Gas Revenue per boe, By Country/Region, US$/boe, 2011-2015 62
Figure 60: Marquee Energy Ltd., Total DD&A per boe, By Country/Region, US$/boe, 2011-2015 62
Figure 61: Marquee Energy Ltd., Total Revenue per boe, By Country/Region, US$/boe, 2011-2015 63
Figure 62: Marquee Energy Ltd., Oil and Gas Performance Metrics, 2011-2015 64
Figure 63: Marquee Energy Ltd., Land Holdings (Developed and Undeveloped Acreage), Acres, 2011-2015 65
Figure 64: Marquee Energy Ltd., Total Gross Undeveloped Acreage, By Country/Region, Acres, 2011-2015 66
Figure 65: Marquee Energy Ltd., Total Net Undeveloped Acreage, By Country/Region, Acres, 2011-2015 66
Figure 66: Marquee Energy Ltd., Producible Oil and Gas Wells, 2011-2015 68
Figure 67: Marquee Energy Ltd., Gross Productive Gas Wells, By Country/Region, Number, 2011-2015 69
Figure 68: Marquee Energy Ltd., Gross Productive Oil & Gas Wells, By Country/Region, Number, 2011-2015 69
Figure 69: Marquee Energy Ltd., Gross Productive Oil Wells, By Country/Region, Number, 2011-2015 70
Figure 70: Marquee Energy Ltd., Net/Gross Oil & Gas Ratio, By Country/Region, %, 2011-2015 70
Figure 71: Marquee Energy Ltd., Net Productive Gas Wells, By Country/Region, Number, 2011-2015 71
Figure 72: Marquee Energy Ltd., Net Productive Oil & Gas Wells, By Country/Region, Number, 2011-2015 71
Figure 73: Marquee Energy Ltd., Net Productive Oil Wells, By Country/Region, Number, 2011-2015 72
Figure 74: Marquee Energy Ltd., Exploratory and Developed Wells, 2011-2015 73