Charles Taylor Group Plc V.MQL

Email to Marquee and response

[Lou52]

I tend to stay fairly quiet on Stockhouse and have sat on this for a couple of days but with little discussion I thought I would post it. Nothing new but I appreciated the fairly prompt reply.

Lou
Thank you for your note. Removal from the S&P Energy Index is simply a reflection of our current market cap. That being said our current Enterprise Value (EV) is close to $80MM, our credit facility with the National Bank is more than $70MM and our Net Asset Value (NAV) is more than $110MM. We on track to meet or beat 2013 guidance which is contained in our online presentation with a capital program funded by cashflow and asset dispositions, not debt.

We have overcome operations obstacles encountered in 2012 and in recent press releases have discussed results of recent operations and drilling. We expect to provide an operations update on or before we release Q1 results on May 15,2013. That would include IP30 or longer results for the last 4 wells drilled at Michichi.

We have spent the last 6 months building a stronger Marquee and will concentrate on marketing the results to the investor community later in the 2nd quarter.

Hope this helps address some of your concerns.

Richard Thompson
President & CEO
Marquee Energy Ltd.
403-817-5561 (work)
403-612-0187 (cell)
e/mail: [e-mail]

-----Original Message-----
From: Lou
Sent: April-14-13 11:13 AM
To: Marquee Energy
Subject: removal from S & P index

From: Lou
Subject: removal from S & P index

Message Body:
Hello,

I have just read that this company has been removed from the S & P Index. I am a previous Sky West shareholder and on reading about your company decided to invest a bit more in Marquee. It has been a disappointing venture although I realized the risk at the time.

What happens now? What are the companies plans moving forward? Is there any shareholder value here at all?

--
This mail is sent via contact form on Marquee Energy https://www.marquee-energy.com/cms