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. 
 
     

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News

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

🕔10/15/2008 11:35:56 AM 2326

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 2278

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 3207

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 2328

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 3530

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 2306

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 2485

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 2566

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 2385

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 3100

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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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

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  • 2024/11/13: Monthly Fund Update - October 2024*
  • 2024/11/06: Units on Issue and Redemption Disclosure - October 2024*
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*refer to company website

Audio Interview