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Marion Energy Limited

ASX:MAE ISIN:AU000000MAE0

 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.

  

Latest Headlines

Marion Energy Limited (ASX:MAE) Receives Regulatory Approval To Commence Conversion Of Two Existing Wells Into Water Disposal Wells At Clear Creek

🕔6/30/2010 3:15:34 PM

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.

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Marion Energy Limited (ASX:MAE) Gas Recovered From Coal Seam Deposit In Oman 2-20 Well Located At Clear Creek: Potentially Significant Gas Resource

🕔6/4/2010 1:13:42 PM

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.

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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

🕔6/2/2010 12:54:49 PM

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.

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Marion Energy Limited (ASX:MAE) Expands Clear Creek Well Workover And Remediation Program To Include An Additional 5 Existing Wells

🕔5/13/2010 9:20:21 AM

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.

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Marion Energy Limited (ASX:MAE) Receives Regulatory Approval For First Stage Of Permitting For Water Disposal Well At Clear Creek

🕔5/11/2010 10:07:56 AM

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.

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Marion Energy Limited (ASX:MAE) Quarterly Activities Report for the Period Ending 31 March 2010

🕔5/3/2010 11:54:22 PM

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.

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ABN Newswire Stocks to Watch: April 9, 2010

🕔4/9/2010 11:00:38 AM

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).

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ABN Newswire Stocks to Watch: April 8, 2010

🕔4/8/2010 11:00:47 AM

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).

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Marion Energy Limited (ASX:MAE) Board And Management Changes And Restructure, Strategic Operational And Capital Strategy Update

🕔4/8/2010 9:15:20 AM

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.

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Marion Energy Limited (ASX:MAE) Successfully Completes Further Restructure And Extension Of Bank Facility

🕔4/7/2010 9:48:34 AM

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.

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ABN Newswire Stocks to Watch: March 23, 2010

🕔3/23/2010 11:00:22 AM

ABN Newswire stocks to watch today include: Marion Energy Limited (ASX:MAE) (PINK:MAEJF), Iron Road Limited (ASX:IRD), Conquest Mining Limited (ASX:CQT) (PINK:CQMLF), Pan Asia Corporation Limited (ASX:PZC), Clean Global Energy Limited (ASX:CGV), Texon Petroleum Limited (ASX:TXN), and AuDAX Resources Ltd (ASX:ADX) (PINK:ADXRF).

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Marion Energy Limited (ASX:MAE) Announces The Oman 2-20 Well Remediation Program Successfully Proceeding

🕔3/22/2010 9:18:57 AM

Marion Energy Limited (ASX:MAE) (PINK:MAEJF) is pleased to report to provide an update on the successful remediation work underway at its Oman 2-20 well in Utah. The staged work is part of the Company's work program designed by Chief Operating Officer Jay Stratton, designed to bring a number of key wells back into production over the coming nine months.

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Marion Energy Limited (ASX:MAE) Successful Placement Raises A$2.8 Million To Advance Rehabilitation Of Gas Wells

🕔2/25/2010 9:59:07 AM

Marion Energy Limited (ASX:MAE) (PINK:MAEJF) is pleased to announce that it has received commitments of A$2.8m for a placement (before costs) to a range of sophisticated and institutional investors. Participants in the Placement will also be issued with an option to subscribe for ordinary shares on the basis of 1 option for every share subscribed for in the Placement. These options will have an exercise price of 10 cents and a two year exercise period. Application will be made for all the options to be listed.

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ABN Newswire Stocks to Watch: February 9, 2010

🕔2/9/2010 11:00:13 AM

ABN Newswire stocks to watch today include: Drillsearch Energy Limited (ASX:DLS) (PINK:DRLLF), Pluton Resources Limited (ASX:PLV) and Marion Energy Limited (ASX:MAE) (PINK:MAEJF).

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Marion Energy Limited (ASX:MAE) Bankers Approve Extension Of Bank Credit Facility Until March 31, 2011

🕔2/8/2010 12:04:00 PM

Marion Energy Limited (ASX:MAE) (PINK:MAEJF) is pleased to announce that it bankers, BNP Paribas Fortis and Fortis Netherlands, have approved an extension of the Company's bank credit facility to a maturity date of March 31, 2011, subject to final documentation. The credit facility currently is fully drawn to a balance of US$42 million.

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Marion Energy Limited (ASX:MAE) Quarterly Report For The Period Ended 31 December 2009

🕔2/2/2010 4:12:09 PM

The Directors of Marion Energy Limited (ASX:MAE) (PINK:MAEJF) present their Activities Report for the December 2009 Quarter.

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ABN Newswire Stocks to Watch: January 28, 2010

🕔1/28/2010 11:00:55 AM

ABN Newswire stocks to watch today include: Carpentaria Exploration Limited (ASX:CAP), Marion Energy Limited (ASX:MAE) (PINK:MAEJF), Murchison Metals Limited (ASX:MMX) (PINK:MUMTF), Bandanna Energy Limited (ASX:BND), Focus Minerals Limited (ASX:FML) and Metallica Minerals Ltd (ASX:MLM).

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Marion Energy Limited (ASX:MAE) Gas Production Operations Commence At Second Clear Creek Well

🕔1/27/2010 9:58:31 AM

Marion Energy Limited (ASX:MAE) (PINK:MAEJF) is pleased to announce gas production operations have now commenced at a second Clear Creek well, the 100% owned RR 13-17 well located at Clear Creek, Utah, USA.

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ABN Newswire Stocks to Watch: January 13, 2010

🕔1/13/2010 11:00:05 AM

ABN Newswire stocks to watch today include: Universal Resources Limited (ASX:URL), Marion Energy Limited (ASX:MAE) (PINK:MAEJF) and Environmental Clean Technologies Limited (ASX:ESI).

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Marion Energy Limited (ASX:MAE) Initial Gas Production Commenced At Clear Creek Well

🕔1/12/2010 9:56:06 AM

Marion Energy Limited (ASX:MAE) (PINK:MAEJF) is pleased to advise that initial gas production and associated revenue has commenced from its 100% owned Ridge Runner ("RR") 2-20 well located at Clear Creek, Utah, USA with natural gas now being sold into the distribution system.

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Marion Energy Limited (ASX:MAE) Appointment Of Chief Operating Officer Mr Jay Stratton

🕔11/5/2009 9:49:14 AM

Marion Energy Limited (ASX:MAE)(PINK:MAEJF) is pleased to announce that Mr Jay Stratton, Jr. has been appointed to the newly created position of Chief Operating Officer.

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Marion Energy Limited (ASX:MAE) Quarterly Report For The Period Ending 30 September 2009

🕔11/2/2009 2:25:53 PM

The Directors of Marion Energy Limited (ASX:MAE)(PINK:MAEJF) present their Activities Report for the September 2009 Quarter.

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Marion Energy Limited (ASX:MAE) Recapitalisation To Strengthen Balance Sheet And Drive Operational Strategy

🕔10/21/2009 10:34:38 AM

The Board of Marion Energy Limited (ASX:MAE)(PINK:MAEJF) is pleased to announce that it has received commitments of a A$6.5m for a placement (before costs) to a range of sophisticated and institutional investors. Participants in the Placement will also be issued with an option to subscribe for ordinary shares on the basis of 1 option for every share subscribed for in the Placement.

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Marion Energy Limited (ASX:MAE) Updates On Operational Strategy At Clear Creek Gas Projects, Utah

🕔9/28/2009 10:52:25 AM

Marion Energy Limited (ASX:MAE)(PINK:MAEJF) is pleased to provide an update on the progress made in the implementation of its operational strategy, as announced to the market on 14 August 2009. The strategy targets four to six gas wells at the Clear Creek and Helper projects in Utah, USA with the aim of gradually bringing them back to production.

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Marion Energy Limited (ASX:MAE) Operations Commence To Bring Utah Gas Well Back Into Production

🕔8/17/2009 10:04:46 AM

Marion Energy Limited (ASX:MAE)(PINK:MAEJF) advises that operations have commenced to bring the Ridge Runner 11-17 (RR 11-17) gas well, located at Clear Creek Utah, back on stream. The activities mark the implementation of the operational strategy announced to the market on 14 August 2009.

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Marion Energy Limited (ASX:MAE) Operational Strategy To Maximise Potential Of Key Clear Creek And Helper Gas Wells

🕔8/14/2009 10:02:23 AM

Marion Energy Limited (ASX:MAE)(PINK:MAEJF) is pleased to outline the Company's operational strategy aimed at delivering sustainable, long term and profitable production from key Helper and Clear Creek wells.

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Marion Energy (ASX:MAE) Update on Goldman Sachs Engagement and Corporate Strategy

🕔8/10/2009 4:36:18 PM

The Board of Marion Energy Limited (ASX:MAE)(PINK:MAEJF) is pleased to provide an update on key elements of the Company's corporate strategy.

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Marion Energy Limited (ASX:MAE) Quarterly Activities Report For June 2009

🕔8/4/2009 11:30:44 AM

The Directors of Marion Energy Limited (ASX:MAE)(PINK:MAEJF) present their Activities Report for the June 2009 Quarter. The June 2009 quarter saw a focus on the following strategic activities: The Goldman Sachs managed process of seeking buyers for the Company and/or its assets either in whole or in part; Negotiation of extension of banking facilities; and Conducting a complete review of both Utah field operations with a view to establishing a forward development plan to maximise value to shareholders.

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Marion Energy Limited (ASX:MAE) Seek Approval To Convert Contractual Payments Due To Executive Directors/Management Into Shares

🕔8/3/2009 12:01:02 PM

The Board of Marion Energy Limited (ASX:MAE)(PINK:MAEJF) advise that they have resolved to seek shareholder approval to convert contractual cash payments due to Executive Directors and other management into fully paid ordinary shares in the Company.

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Marion Energy Limited (ASX:MAE) Senior Secured Credit Increased to US$42 Million

🕔7/1/2009 3:08:20 PM

Marion Energy Limited (ASX:MAE)(PINK:MAEJF) advises that its existing Senior Secured Credit Facility held with its bankers has been increased by US$ 6 million to a total of US$ 42 million. The total facility has been renewed until 30 September, 2009 and is secured by the Company's assets, including its Utah and Oklahoma projects. The increase is fully available.

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Marion Energy Limited (ASX:MAE) Interim Refinancing Extension Agreed With Bankers

🕔6/5/2009 1:19:23 PM

Marion Energy Limited (ASX:MAE)(PINK:MAEJF) advises that it has secured the approval of its banking syndicate to an interim extension of 30 days to the maturity date of its existing facilities while it completes the necessary documentation pertaining to an increase in the amount of funds available from its total facilities and to further extend the maturity date.

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Marion Energy Limited (ASX:MAE) Re-Confirms Viability Of Clear Creek Reserves, Facilitates The Advancement Of The Goldman Sachs Sale Mandate

🕔5/1/2009 4:54:35 PM

Marion Energy Limited (ASX:MAE)(PINK:MAEJF) advised via an ASX Announcement of February 16, 2009 that it had retained Goldman Sachs to undertake a possible sale of the Company and/or its assets either in whole or in part.

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Marion Energy Limited (ASX:MAE) Announce The Quarterly Activity Report Ending 31 March 2009

🕔5/1/2009 4:28:05 PM

The Directors of Marion Energy Limited (ASX:MAE)(PINK:MAEJF) present their Activities Report for the March 2009 Quarter.

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Marion Energy Limited (ASX:MAE) Re-Confirms Viability Of Clear Creek Reserves

🕔4/30/2009 11:52:40 AM

Marion Energy Limited (ASX:MAE)(PINK:MAEJF) advised via an ASX Announcement of February 16, 2009 that it had retained Goldman Sachs to undertake a possible sale of the Company and/or its assets either in whole or in part. An integral element of the process involved the Company commissioning Denver, Colorado based MHA Petroleum Consultants, Inc to independently evaluate reserves for Marion's producing reservoirs on its natural gas properties located in Utah, USA. No new report has been prepared for Oklahoma (January 2008 reserves will therefore be included in this announcement).

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Marion Energy Limited (ASX:MAE) Re-Confirms Viability Of Clear Creek Reserves

🕔4/30/2009 11:52:40 AM

Marion Energy Limited (ASX:MAE)(PINK:MAEJF) advised via an ASX Announcement of February 16, 2009 that it had retained Goldman Sachs to undertake a possible sale of the Company and/or its assets either in whole or in part. An integral element of the process involved the Company commissioning Denver, Colorado based MHA Petroleum Consultants, Inc to independently evaluate reserves for Marion's producing reservoirs on its natural gas properties located in Utah, USA. No new report has been prepared for Oklahoma (January 2008 reserves will therefore be included in this announcement).

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Marion Energy Limited (ASX:MAE) Formal Process Now Commenced On Possible Sale Of Company To Goldman Sachs (NYSE:GS)

🕔3/16/2009 10:24:47 AM

Marion Energy Limited (ASX:MAE)(PINK:MAEJF) announced it had mandated Goldman Sachs (NYSE:GS) & Company to seek global buyers for the Company and/or its assets in whole or in part.)

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Marion Energy Limited (ASX:MAE) Response to ASX Price Query

🕔3/11/2009 11:07:32 AM

Marion Energy Limited (ASX:MAE)(PINK:MAEJF) respond to a price query from the Australian Securities Exchange.

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AUDIO: Marion Energy Limited (ASX:MAE) Interview With MD Jeff Clark On Production and Possible Sale of the Company

🕔2/27/2009 12:38:14 PM

AUDIO: Marion Energy Limited (ASX:MAE)(PINK:MAEJF) provides the opportunity to listen to an audio broadcast with Jeff Clarke, MD in a presentation titled "MAE - Progress Rpts - Reserves, Sale of Coy process, Production - Mr Jeff Clarke, Managing Director, CEO".

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Marion Energy Limited (ASX:MAE) Reserve Report Preparation and Potential Sale Of Company And/Or Assets

🕔2/23/2009 11:34:02 AM

As recently advised, the review of Marion Energy Limited (ASX:MAE)(PINK:MAEJF) Reserve Report (last done in June 2007) is currently being undertaken by Reserve Engineers, William Cobb and Associates, and is now well in progress with Cobb personnel recently making a field trip to view all the Company's operations. The drilling operations undertaken since June 2007 have been significant and the impact of these is not reflected in the June 2007 Report which certified 2P Reserves at 319 Billion cubic feet (Bcf) of gas.

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Marion Energy Limited (ASX:MAE) Announces Completion Of Strategic Review Goldman Sacs Retained To Seek Buyers For Company/Assets

🕔2/16/2009 1:05:22 PM

Marion Energy Limited (ASX:MAE)(PINK:MAEJF) announced on 19 June, 2008 that it had commenced a Strategic Alternatives Review to be undertaken by management in conjunction with Goldman Sachs & Company who has been retained as financial adviser.

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Marion Energy Limited (ASX:MAE) Quarterly Activities Report to Dec 31, 2008

🕔2/3/2009 2:47:25 PM

Marion Energy Limited (ASX:MAE)(PINK:MAEJF) Quarterly Activities Report to Dec 31, 2008

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Marion Energy Limited (ASX:MAE) Secured Credit Facility Increased by US$10.9 Million With Fortis (EBR:FORB)

🕔1/30/2009 11:52:10 AM

Marion Energy Limited (ASX:MAE)(PINK:MAEJF) advises that it has recently commenced the process of renegotiating its existing banking facilities and is pleased to announce that as the first step, it has secured an increase in its Senior Secured Credit Facility of US$ 10.5 million to US$36.0 million. The facility is secured by the Company's assets, including its Utah and Oklahoma projects, and the increase is fully available.

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Australian Market Report of January 7: Gains in Thin Trading

🕔1/7/2009 1:00:57 PM

Yesterday the Australian share market closed higher with gains across all sectors, except for healthcare. The market remained quiet with low trading volume and less news out. The S&P/ASX200 index rose 55.7 points, or 1.5%, to 3742.7, a near two-month closing high, while the broader All Ordinaries index gained 50.3 points, or 1.4%, to 3689.2.

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Marion Energy Limited (ASX:MAE) Response to 2nd ASX Price Query

🕔1/6/2009 3:54:31 PM

Marion Energy Limited (ASX:MAE)(PINK:MAEJF) respond to an ASX Price Query, following an increase in the share price. Marion Energy Executive Director Peter Collery maintains that all information has been fully disclosed to the market and the increase in share price reflects investors' increasing awareness of the value of the gas assets and company production milestones.

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Marion Energy Limited (ASX:MAE) Response to ASX Price Query

🕔11/27/2008 4:42:56 PM

Marion Energy Limited (ASX:MAE)(PINK:MAEJF) respond to an ASX Price Query, following an increase in the share price. Marion Energy CEO Peter Collery maintains that all information has been fully disclosed to the market and the increase in share price reflects investor's awareness of the value of gas assets and company production milestones.

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Marion Energy Limited (ASX:MAE) Oman Well In Utah Reaches Total Depth

🕔11/14/2008 10:28:59 AM

Marion Energy Limited (ASX:MAE)(PINK:MAEJF) advises of the following Progress Report regarding drilling of Oman 10-29 well at Clear Creek.

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Marion Energy Limited (ASX:MAE) Announce Results of AGM NOVEMBER 12, 2008

🕔11/13/2008 1:55:32 PM

Marion Energy Limited (ASX:MAE)(PINK:MAEJF) advise that the following information is provided regarding the results of the Annual General Meeting of the Company held on November 12, 2008.

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Marion Energy Limited (ASX:MAE) Production Rate in Excess of 5 Million Cubic Feet of Gas per Day and Increasing

🕔11/13/2008 10:14:40 AM

Marion Energy Limited (ASX:MAE)(PINK:MAEJF) is pleased to announce that following the treatment of its Clear Creek wells for hydrate issues, it has achieved a gross production rate in excess of 5 million cubic feet of gas per day.

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Marion Energy Limited (ASX:MAE) Independant Report Shows Significant Increase In Gas Resource

🕔11/3/2008 10:25:12 AM

Marion Energy Limited (ASX:MAE)(PINK:MAEJF) announces significant increase in gas resource in place following receipt of the preliminary independent report.

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Marion Energy Limited (ASX:MAE) Drilling Progress Of Oman 10-19 Well, Clear Creek Utah

🕔10/17/2008 11:26:24 AM

Marion Energy Limited (ASX:MAE)(PINK:MAEJF) is pleased to advise of the following Progress Report regarding the drilling of Oman 10-19 well at Clear Creek.

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Marion Energy Limited (ASX:MAE) Encouraging Initial Results From Clear Creek Gas Well Hydrate Treatments

🕔10/15/2008 11:35:56 AM

Marion Energy Limited (ASX:MAE)(PINK:MAEJF) is pleased to advise of the following Progress Report regarding the treatment of Clear Creek, Utah wells to eliminate the formation of hydrates.

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Marion Energy Limited (ASX:MAE) Progress Report: Treatment Of Hydrates In Clear Creek, Utah Wells

🕔10/1/2008 12:24:00 PM

Marion Energy Limited (ASX:MAE)(PINK:MAEJF) is pleased to advise of the following Progress Report regarding the treatment of its Clear Creek, Utah wells to eliminate the formation of hydrates in the wells. The presence of hydrates and the steps being taken to eliminate them were advised to the ASX in an announcement dated 12 September, 2008.

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Marion Energy Limited (ASX:MAE) Update Clear Creek, Utah and Reserve

🕔9/12/2008 12:12:31 PM

Marion Energy Limited (ASX:MAE) has previously advised the ASX it was significantly behind (6 to 9 months) its target to establish stabilised production from its Clear Creek project. After overcoming severe winter weather and infrastructure delays, which led to a delayed commissioning of the Clear Creek project in June 2008, the Company wishes to advise that it has experienced a further delay in achieving its forecast levels of stabilised production due to the wells unexpectedly encountering hydrates in the reservoirs.

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Marion Energy Limited (ASX:MAE) Spuds Oman 10-19 Well At Clear Creek, Utah Project

🕔9/9/2008 12:44:57 PM

Marion Energy Limited (ASX:MAE)(PINK:MAEJF) advises that the Oman 10‐19 well, the first well of the recently announced infill drilling program at Clear Creek, Utah (ASX Announcements of 13 and 26 August, 2008) has been spudded and drilling is now in progress. Further announcements will be made when significant target milestones are achieved.

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Marion Energy (ASX:MAE) Finalises Purchase of Utah and Oklahoma Oil and Gas Assets From Odyssey Energy Limited: Increases 2P Gas Reserves to 319 Bcf.

🕔9/4/2008 2:21:22 PM

Marion Energy Limited (ASX:MAE)(PINK:MAEJF) is pleased to announce that it has finalised the acquisition of the interests of Odyssey Energy Limited (ASX:ODY) in the Helper and Jester-Bloomington projects, thereby increasing Marion's 2P gas reserve base by 29 Bcf to approximately 319 Bcf (billion cubic feet). Odyssey held a 30% working interest in the Helper Project and a 33% working interest in the Jester-Bloomington Project. This transaction was previously announced to the ASX on 24 June, 2008.

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Marion Energy Limited (ASX:MAE) Drilling Program To Commence At Clear Creek Utah Project

🕔8/26/2008 11:03:26 AM

Marion Energy Limited (ASX:MAE) advises that the drilling rig which will commence the recently announced infill drilling program at Clear Creek, Utah (ASX Announcement 13 August, 2008) is currently being moved to the drilling location and the Company is preparing to commence drilling operations.

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Marion Energy Limited (ASX:MAE) Raises A$15 Million With Share Placement

🕔8/13/2008 11:45:33 AM

Marion Energy Limited (ASX:MAE) is pleased to announce that it has raised A$15 million in a placement via the issue of 17.442 million shares at A$0.86 per share. Patersons Securities Limited is the Lead Manager to the placement.

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AUDIO: Marion Energy Limited (ASX:MAE) - Gas Production Commissioning Operations Commence At Clear Creek

🕔7/14/2008 12:31:37 PM

MARION ENERGY LIMITED (ASX:MAE) provides the opportunity to listen to an audio broadcast with Jeff Clarke, MD in a presentation titled "MAE - Gas Production Commissioning Operations Commence at Clear Creek - Mr Jeff Clarke, MD".

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Marion Energy Limited (ASX:MAE) Commences Gas Production Commissioning Operations At Alpine School District, Clear Creek Field, Utah

🕔7/10/2008 2:42:22 PM

Marion Energy Limited (ASX:MAE) is pleased to announce that the gas and water pipeline systems connecting the Alpine School District ("ASD") wells to the main compression and processing facilities at Clear Creek, Utah has been laid and commissioning of the upgraded facilities has commenced. During this completion phase, it was necessary to shut the field in, as tie-ins were made, and safety tests carried out. Shut-in periods will also occur from time to time as the ASD3-17 and 6-17 wells, together with the Ridge Runner wells, are all brought on stream and production is increased to its full capacity.

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Marion Energy Limited (ASX:MAE) Announce Appointment of Douglas Martin To The Board

🕔7/2/2008 5:36:52 PM

The Directors of Marion Energy Limited (ASX: MAE) are pleased to announce the appointment of Mr. Douglas Martin to the Board as an independent Non Executive Director.

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Marion Energy Limited (ASX:MAE) Increases 2P Gas Reserves To 319 Bcf (Billion cubic feet)

🕔6/24/2008 4:01:40 PM

Marion Energy Limited (ASX:MAE) is pleased to announce that it has entered into an agreement to acquire the interests of Odyssey Energy Limited (ASX: ODY) in the Helper and Jester-Bloomington projects, thereby increasing the Company's 2P gas reserve base by 29 Bcf to approximately 319 Bcf (billion cubic feet).

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Marion Energy (ASX:MAE) Announce New Gas Discovery at Helper, Utah

🕔3/26/2008 4:41:41 PM

Marion Energy Limited (ASX: MAE) is pleased to announce that it has made a significant new gas discovery at its Helper, Utah Project with the successful drilling of the Kenilworth Railroad 1-A ("KRR 1-A") well. This well has been connected to the existing Helper gathering infrastructure and was placed on production at a rate of 1.5 million cubic feet of gas per day which it is selling into the market. The Company believes that this could be a significant discovery.

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Marion Energy Limited ASX: MAE - 2P Large Gas Reserves Evaluated - Mr Jeff Clarke, MD

🕔6/27/2007 9:14:00 AM

Marion Energy Limited (ASX: MAE) - 2P Large Gas Reserves Evaluated - Mr Jeff Clarke, MD; Boardroomradio is pleased to announce that Marion Energy Limited (ASX: MAE) has published an audio file.

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News

Marion Energy Limited (ASX:MAE) Receives Regulatory Approval To Commence Conversion Of Two Existing Wells Into Water Disposal Wells At Clear Creek

🕔6/30/2010 3:15:34 PM

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.

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Marion Energy Limited (ASX:MAE) Gas Recovered From Coal Seam Deposit In Oman 2-20 Well Located At Clear Creek: Potentially Significant Gas Resource

🕔6/4/2010 1:13:42 PM

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.

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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

🕔6/2/2010 12:54:49 PM

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.

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Marion Energy Limited (ASX:MAE) Expands Clear Creek Well Workover And Remediation Program To Include An Additional 5 Existing Wells

🕔5/13/2010 9:20:21 AM

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.

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Marion Energy Limited (ASX:MAE) Receives Regulatory Approval For First Stage Of Permitting For Water Disposal Well At Clear Creek

🕔5/11/2010 10:07:56 AM

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.

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Marion Energy Limited (ASX:MAE) Quarterly Activities Report for the Period Ending 31 March 2010

🕔5/3/2010 11:54:22 PM

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.

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ABN Newswire Stocks to Watch: April 9, 2010

🕔4/9/2010 11:00:38 AM

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).

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ABN Newswire Stocks to Watch: April 8, 2010

🕔4/8/2010 11:00:47 AM

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).

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Marion Energy Limited (ASX:MAE) Board And Management Changes And Restructure, Strategic Operational And Capital Strategy Update

🕔4/8/2010 9:15:20 AM

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.

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Marion Energy Limited (ASX:MAE) Successfully Completes Further Restructure And Extension Of Bank Facility

🕔4/7/2010 9:48:34 AM

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.

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    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

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