OKLAHOMA GAS ASSETS: COMPANY TO CONSIDER POSSIBLE SALE OF ASSETS IN RESPONSE TO UNSOLICITED APPROACHES FROM INTERESTED PARTIES
Marion Energy Limited (ASX: MAE, MAEO, MAEOA) advises that it has received several unsolicited approaches from interested parties regarding the possible sale of all or part of the Company's Oklahoma gas assets. The Company has commenced negotiations with these parties which in turn are expected to commence due diligence in the near future.
The Company stresses that these negotiations are at a very early stage and therefore it cannot give any indication at this stage of the likelihood of success of these negotiations or that any transaction will be successfully completed.
Further updates will be provided as negotiations progress.
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