Marquee Energy Ltd. Announces Earnings and Production Results for the Third Quarter and Nine Months Ended September 30, 2016
For the nine months, the company's revenue was $23.53 million which is 45% less than in the comparative 2015 timeframes. Capital expenditures were $687,000 compared to $16.15 million for the same period last year. Net losses was $5.25 million compared to $26.72 million for the same 2015 timeframes.
For the quarter, the company saw its production shrink 41% to 2,772 boe per day.
For the nine months, the company saw its production shrink 28% to 3,669 boe per day.