Marquee Energy Ltd. (TSXV: MQL.V, OTC: MQLXF) renewed its credit facility, the company said July 29.
Marquee entered into a syndicated credit facility agreement with two chartered Canadian banks, the company said. The agreement provides CA$95 million in available credit, Marquee added. This amount is divided between a revolving and operating facility of up to $80 million and an acquisition facility of up to $15 million, the company noted.
There was $57 million in net debt as of June 30, the company said.
The second-quarter 2014 financial results will be released on Aug. 21, Marquee said.
Calgary, Alberta-based explores and develops oil and natural gas in the Lloydminster and Michichi areas of the province.
Recommended Reading
E&P Highlights: Jan. 12, 2024
2024-01-15 - Here’s a roundup of the latest E&P headlines, including an SLB-Nabors collaboration and new contract awards.
E&P Highlights: Jan. 22, 2024
2024-01-22 - Here’s a roundup of the latest E&P headlines, including FIDs for the Victory and Winterfell fields and new technology updates.
E&P Highlights: Feb. 16, 2024
2024-02-19 - From the mobile offshore production unit arriving at the Nong Yao Field offshore Thailand to approval for the Castorone vessel to resume operations, below is a compilation of the latest headlines in the E&P space.
Tyra Redevelopment Heading for Production in March
2024-02-28 - TotalEnergies said the Danish North Sea project will take about four months to ramp up and is expected to produce 2.8 Bcm/year.
Deckelbaum: US Shale Landscape Taking on New Shape Through M&A
2023-12-29 - In 2023, majors Chevron and Exxon Mobil took four public names off the board—Pioneer Natural Resources, Denbury, PDC Energy and Hess Corp.— using all-equity takeout mechanisms with scant premiums.