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

Melbourne, Nov 5, 2009 AEST (ABN Newswire) - 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.

Mr Stratton is a Petroleum Engineer with over 20 years experience having held senior positions with Anadarko Petroleum Corporation, Occidental Petroleum International, ARCO Alaska Inc and Golden Energy.

In these roles he has had responsibility for a variety of production operations, both in the USA and internationally. These operations have covered all aspects of oil and gas field development for operations up to 300,000 barrels of oil production per day.

Mr Stratton holds a Bachelor of Science, Petroleum Engineering (cum laude) from Texas A & M University, a leader in education in this field. He graduated in 1986. He is a member of the Society of Petroleum Engineers and IPAMS.

The appointment of Mr Stratton is one of a number of key important milestones the Company is working towards at its core Utah operations, while strengthening its management team.

Mr Stratton will be responsible for, and will have an active hands-on involvement in:

- Overseeing current development operations for the Company's existing wells at the Clear Creek, Helper and Oklahoma projects

- Completion of development plans to further bring on stream the Company's significant asset base which currently stands at independently assessed 1P, 2P and 3P reserves of 243 billion cubic feet ("Bcf") of gas and recoverable resource of between 2.4 and 4.3 trillion cubic feet of gas ("Tcf")

The appointment of Mr Stratton will provide the necessary additional operational expertise for the Company and will greatly assist in unlocking the value of the Company's asset base and reserve position.

The Company is highly encouraged by the current positive developments operationally at Clear Creek, particularly at a time when North American natural gas prices are approaching US$5.00/mcf and the futures strip is in a steep upwards curve, e.g., the December 2010 NYMEX price is currently quoted at US$6.59/mcf.

With Ridge Runner 11-17 coming on line shortly and up to a further 3 to 5 wells scheduled to be in production over the next 4 months, Jay Stratton's appointment is an important move as it adds a seasoned professional to Marion's team. As the Company moves toward establishing itself as a profitable North America natural gas producer, his operational expertise will be an invaluable asset.

The Company is committed to the implementation of its medium term operational strategy announced on 21 October, under which it seeks to achieve a strong production profile from up to 16 production wells during the course of the next 12 months.

Contact

Australia Mr Peter Collery Executive Director & Company Secretary Ph: +61-3-8862-6466 Email: peter@marionenergy.com.au North America Mr Jeff Clarke Managing Director & CEO Ph: +00111-214-244-7690 Email: jclarke@marionenergy.com