Marion Energy Limited

ASX:MAE ISIN:AU000000MAE0

Feb 10, 2012

OVERVIEW | NEWS | MULTIMEDIA | RESEARCH

Marion Energy Limited Company Summary

Marion Energy Limited is following a low risk strategy of pursuing gas reserves and associated production in the Rocky Mountains and Mid-Continent regions. The Company's activities are generally within the geographic confines of or adjacent to known production and within easy access of existing pipeline infrastructure. We have been able to accumulate an enviable lease position where the company is undertaking a highly successful development drilling program.

DIRECTORS / OFFICERS

Mr. Jeff Clarke Managing Director & CEO Mr Clarke, born and educated in the United Kingdom, has over 35 years experience worldwide in Oil and Gas Exploration and Production, the majority of which has been in the United States and Canada. Mr Clarke has held the position of Chief Executive of several Exploration companies and was for ten years Chief Executive of a NASDAQ listed company. As Chief Executive Mr Clarke took this company public and subsequently directed the raising of both public equity and public debt capital in excess of US$350 million. During this tenure, Mr Clarke oversaw a US$60 million merger with a private company and the acquisition of over US$300 million of oil and gas properties. Mr Clarke graduated from the University of Wales in 1966 with an Honours Degree in Physics. He is a U.S citizen.
Mr. Karel Louman Executive Director & CFO Mr Louman was born and educated in the Netherlands where he received a Masters Degree in Business Administration from Nyenrode University. He has 15 years of experience as an oil and gas banker. In 1992 he moved to the US to open an office in Dallas, Texas for MeesPierson, a Dutch merchant bank which at the time was a wholly owned subsidiary of ABN Amro with the North American Exploration and Production industry as its main focus. Mr Louman has gained international experience in the debt and capital markets as well as in the financial and strategic advisory area. Most recently, Mr Louman was the CEO of Fortis Capital Corp, the North American lending arm of Fortis Bank NV, where he gained further experience in financial management and legal and regulatory matters.
Mr. Peter Collery Chief Executive Officer Mr Collery has over 20 years experience at Chief Executive Office, Chief Financial Officer, Company Secretary and Director levels. He previously held these positions with Coho Australia Limited, Freshmark Limited, Queensland Diagnostic Imaging Pty Ltd and Ergon Energy Limited. He has over seven years experience in the resource industry. Mr Collery has extensive experience in strategic and financial management, corporate regulatory matters, mergers and acquisitions and capital markets transactions. Mr Collery has a Bachelor of Business, Graduate Diploma of Accountancy, Graduate Diploma in Applied Finance and Investment, and Diploma of Education. He is a member of the Institude of Chartered Accountants in Australia, fellow of the Australian Society of Certified Practicing Accountants, fellow of the Institute of Company Directors and an associate of the Securities Institute of Australia.
Mr. Doug Martin Non-Executive Director Mr Martin is a Canadian national and is Chairman of Enerplus Resource Fund and Canoro Resources Limited, and serves ont eh board of directors of Stars Aviation, Inc., Rival Energy, and Rock Creek Resources, Inc,. He has been President of Charles Avenue Capital Corp., a private merchant banking company, since April 2000.

ANNUAL REPORT

COMPANY DATA

	Headquarters	Suite 3, Pacific Tower , 737 Burwood Road

		HAWTHORN VIC 3122

	Telephone	+61 3 8862 6466

	Fax	+61 3 8862 6614

	Principal Sector	Energy

	Principal Industry	Energy

	Homepage	www.marionenergy.com.au

Key Developments: Marion Energy Limited

	Marion Energy Limited (ASX:MAE) Receives Regulatory Approval To Commence Conversion Of Two Existing Wells Into Water Disposal Wells At Clear Creek JUNE 30, 2010 15:15 - Article Views: 2,756 Marion Energy Limited (ASX:MAE) (PINK:MAEJF) is pleased to announce that it has received regulatory approval from the Division of Oil and Gas and Minerals to commence the conversion of the ASD 3-17, and if required, the ASD 6-17 wells at Clear Creek into salt water disposal wells.

	Marion Energy Limited (ASX:MAE) Gas Recovered From Coal Seam Deposit In Oman 2-20 Well Located At Clear Creek: Potentially Significant Gas Resource JUNE 4, 2010 13:13 - Article Views: 3,441 Marion Energy Limited (ASX:MAE) is pleased to report that it has recently recovered gas flows from the unconventional Ferron Coal Seam measures encountered in the Oman 2-20 well located at Clear Creek, Utah, USA. Current remediation/workover operations on the Ferron Sandstone reservoir in this well have now also started to recover gas from the unconventional Ferron Coal Seam measures. This gas is in addition to the gas currently being recovered from the conventional Ferron Sandstone reservoir.

	Marion Energy Limited (ASX:MAE) Finalises Operational Work Plan With Target Production Of 15 Million Cubic Feet Of Gas Per Day By End Of 2010 JUNE 2, 2010 12:54 - Article Views: 3,022 In line with recent market updates, Marion Energy Limited (ASX:MAE) (PINK:MAEJF) is pleased to advise that it has now finalised the development of its work program and production targets for the 2010 calendar year. The program has been developed in conjunction with the completion of a comprehensive review of all operations and will focus on delivering significant revenue and cash flow through the cost efficient recommencement of production from 13 wells in the Clear Creek field.

	Marion Energy Limited (ASX:MAE) Expands Clear Creek Well Workover And Remediation Program To Include An Additional 5 Existing Wells MAY 13, 2010 09:20 - Article Views: 2,836 Marion Energy Limited (ASX:MAE) (PINK:MAEJF) is pleased to advise that it is expanding its Clear Creek, Utah, USA well workover and remediation program by targeting an additional five existing wells. The expanded program will take to thirteen the number of wells targeted for production by the end of 2010.

	Marion Energy Limited (ASX:MAE) Receives Regulatory Approval For First Stage Of Permitting For Water Disposal Well At Clear Creek MAY 11, 2010 10:07 - Article Views: 2,450 Marion Energy Limited (ASX:MAE) (PINK:MAEJF) is pleased to announce that following short term injectivity testing operations, it has received an aquifer exemption from the Utah Oil and Gas Board. The exemption is the first stage in the approval process to convert Clear Creek ASD 3-17, and if required, the ASD 6-17 wells into salt water disposal wells. Application has now been made to the Utah Department of Oil and Gas and Minerals for the issue of the appropriate permits to complete the well conversion process.

	Marion Energy Limited (ASX:MAE) Quarterly Activities Report for the Period Ending 31 March 2010 MAY 3, 2010 23:54 - Article Views: 2,092 The March 2010 Quarter saw the Company commence a number of initiatives aimed at providing a sound foundation to enable it to successfully develop its considerable reserves and resource in ground and provide significant demonstrable progress in field operations over the next six to nine months.

	ABN Newswire Stocks to Watch: April 9, 2010 APR 9, 2010 11:00 - Article Views: 5,195 ABN Newswire stocks to watch today include: Marion Energy Limited (ASX:MAE), Texon Petroleum Limited (ASX:TXN), Magnetic Resources (ASX:MAU), Image Resources NL (ASX:IMA) (PINK:IMREF), Pacific Enviromin Limited (ASX:PEV), Krucible Metals Limited (ASX:KRB), and Havilah Resources NL (ASX:HAV).

	ABN Newswire Stocks to Watch: April 8, 2010 APR 8, 2010 11:00 - Article Views: 5,739 ABN Newswire stocks to watch include: Atlas Iron Limited (ASX:AGO), Marion Energy Limited (ASX:MAE) (PINK:MAEJF), Exco Resources Limited (ASX:EXS) (PINK:EXRSF), WestSide Corporation Limited (ASX:WCL), AuDAX Resources Limited (ASX:ADX) (PINK:ADXRF), Magnetic Resources Limited (ASX:MAU), iSOFT Group Limited (ASX:ISF), Victory West Moly Limited (ASX:VWM), Adelaide Energy Limited (ASX:ADE) (PINK:ADEZF) and Pan Asia Corporation Limited (ASX:PZC).

	Marion Energy Limited (ASX:MAE) Board And Management Changes And Restructure, Strategic Operational And Capital Strategy Update APR 8, 2010 09:15 - Article Views: 2,468 Marion Energy Limited (ASX:MAE) (PINK:MAEJF) is pleased to update and outline its corporate, operational and capital strategy for the Company as it moves into increased production through the implementation of its operational program across its North American onshore gas assets.

	Marion Energy Limited (ASX:MAE) Successfully Completes Further Restructure And Extension Of Bank Facility APR 7, 2010 09:48 - Article Views: 2,085 Marion Energy Limited (ASX:MAE) (PINK:MAEJF) is pleased to announce that it has restructured its senior secured debt facility to give the company greater flexibility to manage the ongoing development of its Clear Creek well rehabilitation program. The restructure, agreed with its international bankers, BNP Paribas Fortis and Fortis Netherlands, represents an important improvement to the Company's balance sheet.