Marquee Energy Ltd. and Alberta Oilsands Inc. announced that they have entered into an arrangement agreement whereby Alberta Oilsands will acquire all of the issued and outstanding common shares of Marquee pursuant to a plan of arrangement under the Business Corporations Act (Alberta). Immediately following the completion of the Arrangement, AOS will amalgamate with Marquee and the amalgamated company will adopt the name Marquee Energy Ltd. After giving effect to arrangement the results are expected as: pro forma net debt is expected to be in the $16 million. Current production is expected to be 2,600 boe/d.