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. 
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.
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.
The Directors of Marion Energy Limited (ASX:MAE)(PINK:MAEJF) present their Activities Report for the March 2009 Quarter.
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).
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).
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.)
Marion Energy Limited (ASX:MAE)(PINK:MAEJF) respond to a price query from the Australian Securities Exchange.
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".
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.
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.
