CALGARY, June 15, 2015 /CNW/ - Marquee Energy Ltd.
("Marquee" or the "Company") (TSXV: MQL) is pleased to announce the
appointment of Mr. Glenn Carley as
Chairman of the Board of Directors. Mr. Carley has served as a
Director on Marquee's Board since December
2011. He also currently serves as Chairman of Painted Pony
Petroleum Ltd.
The Company is also pleased to announce the appointment of Mr.
James Wilson to the Board of
Directors effective immediately, subject to TSX Venture Exchange
approval.
Mr. Wilson has also been appointed Chair of Marquee's Audit
Committee. He has more than 30 years of financial executive
experience in both public and private Canadian junior and
intermediate oil and gas companies. He received his Bachelor of
Commerce from the University of Calgary
in 1976 and holds professional designations from the Institute of
Chartered Accountants of Alberta
and an ICD.D from Canada's
Institute of Corporate Directors. Mr. Wilson currently serves as
Director and Audit Committee Chair of Storm Resources Ltd. and has
previously served in executive and Director positions for numerous
TSX and TSX Venture Exchange oil and gas companies.
Pursuant to the Company's stock option plan, Marquee has issued
certain directors and a new employee, in aggregate, 250,000 stock
options entitling them to purchase common shares in the capital of
the Company. The stock options have an exercise price of
$0.83 each and are exercisable for a
term of five years. The option grants are subject to the approval
of, and the Company fulfilling the requirements of the TSX Venture
Exchange.
Operations Update
The Company will commence a six-well horizontal drilling program
at Michichi in early July. The program will focus on
following up the recently announced 9-16-30-18 W4M well and
14-15-32-17 W4M well in the southern and northern portions of the
now ~25 mile long Michichi fairway. All wells are expected to
be on production early in the fourth quarter of 2015.
READER ADVISORY
Neither the TSX Venture Exchange nor
its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
ABOUT MARQUEE
Marquee Energy Ltd. is a Calgary based, junior energy company focused
on high rate of return oil development and production. Marquee is
committed to growing the company through exploitation of existing
opportunities and continued consolidation within its core area at
Michichi. The Company's shares are traded on the Toronto Stock
Exchange under the trading symbol "MQL.V" and on the OTCQX
marketplace under the symbol "MQLXF". An updated presentation and
additional information about Marquee may be found on its website
www.marquee-energy.com and in its continuous disclosure documents
filed with Canadian securities regulators on the System for
Electronic Document Analysis and Retrieval (SEDAR) at
www.sedar.com.
SOURCE Marquee Energy Ltd.