Melbourne, Nov 13, 2008 AEST (ABN Newswire) - 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.
The Clear Creek wells are currently being brought into full production status following these treatments and it is anticipated that production will therefore continue to increase as these operational activities are completed.
As new production milestones are reached, the Company will further report to the market. The Company maintains its view that its targeted gross production rate of in excess of 20 million cubic feet of gas per day will be achieved from current and completed wells.
Contact
North American Contact:
Mr Jeff Clarke
Managing Director & CEO
Ph: +1-214-244-7690
Email: jclarke@marionenergy.com
Australian Contact:
Mr Peter Collery
Executive Director and Company Secretary
Ph: +61-3-8862-6466
Email: peter@marionenergy.com.au
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