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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.
SEP 4, 2008 14:21 - Article Views: 1,498
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 (ASX:MAE) Announce New Gas Discovery at Helper, Utah
MAR 26, 2008 16:41 - Article Views: 2,053
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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