Marquee Energy Ltd. (TSXV: MQL) has provided the results of its 2012 year-end oil and gas reserves evaluation.

Marquee's year-end 2012 reserves were evaluated by independent reserves evaluator Sproule & Associates Consultants Ltd.

Highlights of the 2012 reserve report include:

• Net present value of future net revenue for current reserves is C $140.5 million calculated before tax and at a 10% discount rate at Dec. 31. Management estimates a net asset value of $118.7 million or $1.96 per fully diluted share.

• Proved plus probable reserves increased at Michichi ...