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.

Favorable long-term industry fundamentals and advances in drilling, completion, and fracture stimulation techniques have allowed the Company to pursue several attractive projects in Utah and Oklahoma. Based on a recent independent report by MHA Petroleum Consultants, Inc., Marion has 243 BCF in proven, probable and possible reserves. The Company currently has a substantial inventory of drilling opportunities - over 240 driling locations identified in the Clear Creek and Helper fields and over 300 additional prospective locations - which gives our investors exposure to significant reserve upside. Complementing this Marion controls field operations associated with large acreage and working interest positions.

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Marion Energy Limited (ASX:MAE) Workover Operations Start on RR 2-19 Gas Well
28 Apr 2011 08:35 AM

- Workover operation commences at Ridge Runner 2-19 well
Ridge Runner 2-19 is located in proximity to other promising workover wells (RR 13-17, RR 11-17)
Marion Energy Limited (ASX: MAE, MAEO, MAEOA) advises that workover operations have commenced on the Ridge Runner 2 –19 (RR 2-19) well located at the Company’s Clear Creek, Utah project.
This well was drilled by Marion in 2006 and has been shut in since it was completed. It has subsequently been connected to the gathering system and pipeline. At the time, the well did not undergo formal testing, but during drilling operations extremely strong gas flows were observed similar to the RR 11-17 well. Management believes that this well is likely to be a significant producer for the Company.
The well is located on the same drill pad as the RR 13-17 and RR 11-17 wells where significant operational progress has already been made. As with all other wells currently undergoing workover operations, pumping activities have commenced to draw down the fluid level in the well. A level of approximately 200 feet above the pump is the target and this level is required before optimum production conditions can be achieved. The RR 2-19 well has a comparable pumping configuration to the RR 11-17 well with the fluid level in the well bore to be drawn down in a similar fashion.
The location of the RR 13-17, RR 11-17 and RR 2-19 wells on the same drilling pad will also enable workover operations on all three wells to occur in an extremely efficient manner.
The Company has a 100% working interest in the Clear Creek project.
Further updates will be provided as workover operations progress. 

Contact Information

Phone: +61 3 8862 6466
Suite 3, Pacific Tower, 737 Burwood Road, HAWTHORN, NSW, AUSTRALIA, 3122