NOTICE OF UPGRADE
Our websites will be unavailable between the hours of AEST 4AM September 17, 2022 and AEST 11PM on date September 18, 2022
SEARCH LISTED COMPANY
Any AUS or NZ company
SEARCH PRIVATE COMPANY
SEARCH FUNDS
Find any Australian or New Zealand company or fund (dead or alive) by using SEARCH above or go directly to the site:
|
|
14 September 2024
Name: | MARION ENERGY LIMITED (MAE) (This company subsequently changed its name to ODESSA MINERALS LIMITED. You should refer to that name for Status.) | |||||||||||||||
Date of Listing: | 03 July 1986 | |||||||||||||||
Subsequent Names: |
| |||||||||||||||
Former Names: |
|
Stock Exchange Status: (updated daily)
This company subsequently changed its name to ODESSA MINERALS LIMITED. You should refer to that name for Stock Exchange Status.Legal Status: (updated monthly)
This company subsequently changed its name to ODESSA MINERALS LIMITED. You should refer to that name for Legal Status.Capital Gains Tax (CGT) Status: (updated at least quarterly)
This company subsequently changed its name and is now ODESSA MINERALS LIMITED. You should refer to that name for Capital Gains Tax Status.
Updates, corrections, disagreements please email to admin@delisted.com.au
Further information: deListed and InvestoGain are operated by Investogain Pty Limited which is licensed by ASIC as an Australian Financial Services Licensee (AFSL 334036). deListed acquires only securities that it deems to be of little or no value, in circumstances where the holder is unable to sell their securities on-market in the normal manner. This service has been provided online via the company’s website www.delisted.com.au since 2004.
Getting advice: Information provided in this section is of a general nature and applicable only to Australian tax residents who hold their investments on capital account (ie for long-term investment purposes). It has been prepared without taking into account your financial needs or tax situation. Before acting on the information, deListed suggests that you consider whether it is appropriate for your circumstances and recommends that you seek independent legal, financial, or taxation advice.
Disclaimer: The information provided above is to the best of our knowledge accurate as of today. But you should bear in mind that it is of a general nature and does not constitute financial or tax advice. Investogain Pty Limited accepts no liability for any loss arising from reliance on this information, including reliance on information that is no longer current.
FROM | TO | |
ODESSA MINERALS LIMITED | 14/01/2022 | |
FARGO ENTERPRISES LIMITED | 09/11/2020 | 14/01/2022 |
FLAMINGO AI LIMITED | 27/11/2017 | 09/11/2020 |
CRE8TEK LIMITED | 25/01/2016 | 27/11/2017 |
MARION ENERGY LIMITED | 23/12/2005 | 25/01/2016 |
CARPENTER PACIFIC RESOURCES LIMITED | 11/02/2005 | 23/12/2005 |
CARPENTER PACIFIC RESOURCES NL | 21/10/1994 | 11/02/2005 |
CARPENTER PACIFIC RESOURCES LIMITED | 23/01/1992 | 21/10/1994 |
CARPENTERS INVESTMENT TRADING COMPANY LIMITED | 23/01/1992 |
Automic Registry Pty Ltd
Level 5, 191 ST GEORGES TERRACE PERTH WA 6000
Tel : +61 (2) 8072 1400 or 1300 288 664 (within Australia)
RegistryWebsite RegistryEmail
Expand this box to read and print
name changed to Cre8tek Limited | 25/01/2016 |
The Company advises that the closing date for offers under the Company's prospectus dated 8 December 2015 have been extended to 5pm WST on Wednesday, 20 January 2016. | 12/01/2016 |
The delisting deadline extension was granted on the basis that the company is in the final stages of completing the acquisition of Global Agenda Technologies Pty Ltd; and should the company's securities not be reinstated to quotation by the commencement of trading on 8 March 2016, ASX will immediately remove the company from the official list from the open of trading on that day and no further extensions will be permitted. | 06/01/2016 |
The company releases its constitution. | 04/01/2016 |
The Company is pleased to advise that ASX has extended the Company's de-listing deadline to 8 March 2016. | 24/12/2015 |
The company is pleased to advise that all resolutions put to shareholders at today's General Meeting were passed by shareholders on a show of hands. | 23/12/2015 |
The company releases its corporate governance statement. | 08/12/2015 |
The company issues a prospectus for For an offer of 180,000,000 Shares at a price of $0.02 each to raise $3,600,000 before costs (Public Offer). The minimum subscription under the Public Offer is $3,600,000. The prospectus also contains the following secondary offers: An offer of 2,500,000 Shares to the Vendor of Global Agenda Technologies Pty Ltd (Agenda) for the acquisition of all the shares in Agenda by the Company (Consideration Offer); and An offer of up to 50,000,000 Options to corporate advisers and brokers in consideration for capital raising services provided to the Company (Option Offer). | 08/12/2015 |
The company lodges its annual report for 30 June 2015. | 08/12/2015 |
The company lodges its interim report for the half-year ended 31 December 2014. | 08/12/2015 |
The company lodges its financial report for Global Agenda Technologies for the year ended 30 November 2015. | 08/12/2015 |
The Company is pleased to advise that it has obtained the waivers from ASX in connection with the Company's proposed acquisition of 100% of the issued capital of Global Agenda Technologies Pty Ltd (Agenda) (Acquisition) and re-compliance with Chapters 1 and 2 of the Listing Rules. Capitalised terms have the same meaning as disclosed in the Company's notice of general meeting lodged with ASX on 24 November 2015 (Notice). | 08/12/2015 |
The company releases its revised securities trading policy. | 08/12/2015 |
The General Meeting of the Company will be held at 108 Outram Street, West Perth, Western Australia on Wednesday, 23 December 2015 at 10.00am (WST). | 24/11/2015 |
The Company is pleased to advise that due diligence for the acquisition of 100% of the issued capital of Global Agenda Technologies Pty Ltd (Agenda) is complete and both the Board and Agenda have determined to proceed with the acquisition. | 24/11/2015 |
The Company advises that due diligence for the acquisition of 100% of the issued capital of Global Agenda Technologies Pty Ltd (Agenda) is still progressing, with both parties agreeing to extend the due diligence period for a further 7 days to Wednesday 25 November 2015. | 20/11/2015 |
The Company advises that due diligence for the acquisition of 100% of the issued capital of Global Agenda Technologies Pty Ltd (Agenda) is progressing, with no issues identified to date. The 14 day due diligence period ends next Wednesday 18 November 2015. The Company will provide a further update at that time. The Company is preparing a notice of meeting seeking requisite approvals relating to the acquisition of Agenda. The Company expects to dispatch the notice mid-November, which is consistent with the indicative timetable in the Company's announcement of 5 November 2015. | 12/11/2015 |
The Board of Marion Energy Limited (ASX:MAE) is pleased to announce that it has executed a binding heads of agreement with a mobile & online application services company Global Agenda Technologies Pty Ltd (Agenda) to acquire 100% of the issued capital of Agenda (Acquisition). Agenda aims to offer and deliver unique SaaS technologies, mobile/online transactional services and social network integration to global consumer services industries that encourages sales conversions between businesses and consumers. MAE (to be renamed Cre8tek Limited, subject to shareholder approval) has agreed to a transformational acquisition to obtain a 100% interest in Agenda. | 05/11/2015 |
all conditions precedent to the Recapitalisation Proposal have now been met and today the Company issued 10,000,000 Creditor Shares and 40,000,000 Placement Shares. Accordingly, the DOCA has now been fully effectuated. | 28/10/2015 |
we understand that on or about this date the company consolidated its shares 1 for 100 | 15/10/2015 |
The company advises that resolutions 1-9 put to the Extraordinary General Meeting of members today were carried as ordinary resolutions. Resolutions 10 and 11, which required 75% approval as special resolutions, were lost. | 30/09/2015 |
The company had an Extraordinary General Meeting today, 30 September 2015. | 30/09/2015 |
The company announces a notification of consolidation/split. | 01/09/2015 |
A General Meeting of the Company will be held at the offices of Chartered Accountants Australia and New Zealand, Level 3, 600 Bourke Street, Melbourne on Wednesday, 30 September 2015 at 10.30am (AEST). | 28/08/2015 |
The following entity (Marion energy Limited) has not paid their annual listing fees in respect of the year ending 30 June 2016 but the securities are already suspended from official quotation. Under listing rule 17.15, any entity that has not paid its annual listing fees as required by listing rule 16.5 by 5.00 pm AEST on Monday 31 August 2015 will be removed from the official list with effect from the close of trading on Monday 31 August 2015 | 25/08/2015 |
The company advises that creditors have resolved to vary the terms of teh DOCA executed on 18 March 2015. A notice of meeting and explanatory memorandum is currently being prepared to allow for a general meeting of shareholders at a date to be determined in the near future. An amended and restated DOCA consistent with the recapitalisation proposal was executed on 7 August 2015. | 12/08/2015 |
Castlelake LP has elected to proceed with its purchase of substantially all of the Marion Energy Inc.'s (MEI) assets by way of a credit bid. It is anticipated that Castlelake's decision will be ratified by the Court at a hearing on 28 May 2015 (US time) and the transaction will be closed with an effective date of 1 June 2015. | 29/05/2015 |
Marion Energy Limited advises that it has entered into a Deed of Company Arrangement | 19/03/2015 |
appoints administrators | 02/02/2015 |
on Friday 5 December 2014 the US Federal Bankruptcy Court refused an application by Castlelake LP to set aside the bankruptcy of Marion Energy, Inc. However, the Court also refused an application by Marion Energy Inc ("MEI") to allow super-priority for working capital funding during the bankruptcy period. The Court ordered that Marion Energy Inc would have bankruptcy protection from its creditors until 1 June 2015 | 02/01/2015 |
all the resolutions put to the Annual General Meeting of members today were carried | 19/12/2014 |
on Friday 5 December 2014 the US Federal Bankruptcy Court refused an application by Castlelake LP to set aside the bankruptcy of Marion Energy, Inc. However, the Court also refused an application by Marion Energy, Inc. (MEI) to allow super-priority for working capital funding during the bankruptcy period. The Court ordered that Marion Energy Inc. would have bankruptcy protection from its creditors until 1 June 2015. Since that time, the board of Marion Energy Inc. has been in discussion with Castlelake LP in relation to funding the working capital requirements of MEI during the bankruptcy period but those discussions have not resulted in agreement. Accordingly, MEI will bring the matter back to the US Federal Bankruptcy Court at 2.00 pm (US Mountain Time) on Wednesday 17 December 2014 (AEST: 8.00 am Thursday 18 December 2014) | 17/12/2014 |
On Friday 5 December 2014 the US Federal Bankruptcy Court refused an application by Castlelake LC to set aside the bankruptcy of Marion Energy, Inc. for bad faith. However, the Court also refused an application by Marion Energy, Inc to allow super-priority for working capital funding during the bankruptcy period. The Court ordered that Marion Energy Inc would have bankruptcy protection from its creditors until 1 June 2015 | 08/12/2014 |
the Australian Securities and Investments Commission (ASIC) has granted an extension of time for MAE to hold its Annual General Meeting (AGM) for the 2014 financial year. By notice given on 11 November 2014, ASIC extended the deadline for MAE to hold its AGM from 30 November 2014 to 19 December 2014 | 13/11/2014 |
Marion Energy, Inc. ("˜MEI') a wholly owned subsidiary of Marion Energy Limited ("˜MEL'), filed in Salt Lake City, Utah for bankruptcy protection under the US Bankruptcy Code | 01/11/2014 |
the company is negotiating funding to cover short-term working capital requirements | 15/09/2014 |
makes an "omnibus" announcement to consolidate previously released information in relation to its operations at its Clear Creek gas field in Utah, USA | 09/09/2014 |
advises of an Updated Clear Creek Reserves Report | 25/08/2014 |
issues a prospectus | 18/07/2014 |
a Forbearance Agreement has been executed and exchanged between Castlelake, Marion Energy, Inc. and Marion Energy Limited. The terms of the Forbearance Agreement were negotiated by the Company with the assistance of its corporate advisers, 333 Capital Pty Ltd and its US lawyers, Skadden, Arps, Slate, Meagher & Flom LLP. The Forbearance Agreement provides a standstill in relation to any enforcement under the lending documents between the parties before 30 August 2014 | 15/07/2014 |
letters have been sent to shareholders confirming the consolidation | 30/06/2014 |
all the resolutions put to the Extraordinary General Meeting of members today were carried (a resolution authorising the consolidation of the ordinary shares in the company on a 10:1 basis (Consolidation) was also passed) | 19/06/2014 |
MAE has signed a mandate with corporate advisory firm 333 Capital who will assist the company in: "¢ the management of its relationship with Castlelake, LP (formerly TPG Credit), the current financier to the Company's operating subsidiary, Marion Energy Inc. (MEI); "¢ exploring the option of re-financing of the facility provided by Castlelake; and "¢ managing the potential sale of the Clear Creek assets owned by MEI | 19/06/2014 |
provides Notice of Extraordinary General Meeting on 19 June 2014 which includes a Resolution to approve a share consolidation under which each existing 10 Shares in the Company on issue will be converted to 1 Share | 20/05/2014 |
announces that following the successful refurbishment of the existing wells and infrastructure at Marion's Clear Creek field in Utah, production operations are ongoing from eight of the wells with a ninth likely to come into production in the next seven days | 30/04/2014 |
Marion Energy Limited (ASX:MAE) has received notification from ASX on 8 April 2014 that the company has exceeded its capacity to issue ordinary securities under ASX Listing Rule 7.1 by 73,072,217 ordinary shares. That breach occurred as a result of the recent placement of shares announced on 18 March 2014 | 10/04/2014 |
As previously announced, following the refinancing of its balance sheet in June 2013, Marion Energy (ASX: MAE, "Company") began operations on its shut in wells at Clear Creek | 25/03/2014 |
Marion Energy Limited (ASX:MAE) wishes to announce that it has today placed 73,072,217 shares with KM custodians Pty Ltd raising AUD438,433.30 "“ an amount equivalent to USD395,010.38, which was the amount required to redeem recently matured convertible notes issued to La Jolla Cove Investors, Inc. | 19/03/2014 |
releases 2013 Full Year Statutory Accounts, 2012 Half Year Accounts, 2012 Full Year Statutory Accounts, 2011 Half Year Accounts 2011 Full Year Statutory Accounts (PDF) | 14/03/2014 |
advises that further to its announcement dated 25 November 2013, it is making good progress with operations at its Clear Creek, Utah project | 31/01/2014 |
following the restructuring of the Company's balance sheet (announced to ASX on 31 July, 2013), Marion has completed the preliminary work required to restart field operations at its Clear Creek and Helper fields. Both fields have been largely shut in for the last two years as the Company undertook its financial restructuring | 04/11/2013 |
the company announces that, following extensive negotiations together with an exhaustive due diligence process, an exclusive substantial financing offer term sheet has been signed with a large USA based Investment Entity with the offer being conditional upon final negotiation and completion of a definitive legal agreement (incorporating operating and financial covenants) and upon completion will lead to a major restructuring of its balance sheet including the company" debts | 14/05/2013 |
Two strategic alternatives are currently being pursued. 􀂃 Partial sale of Clear Creek Project. The Company is currently in discussions with a number of parties all of whom are involved in the E & P sector of the industry. These discussions are centered on the formation of a joint venture achieved through the partial sale of the asset. It is anticipated that if a joint venture is formed, the incoming party will become the operator of the project. Funds generated through this alternative will be primarily directed toward reduction of debt levels of the company. 􀂃 Recapitalisation of the Company. As an alternative to seeking a partial sale of the Clear Creek project, management is considering ways in which it can achieve a recapitalization of the company with the aim again being to achieve debt reduction and to provide sufficient working capital to enable operations to recommence under new technical and operational management. Management and its advisers are currently in preliminary discussions with a number of parties with regard to this alternative. Reaching clarity with regard to the two alternatives outlined above will enable the Company to finalise its annual financial statements which will enable it to then hold its Annual General Meetings | 20/09/2012 |
company advises that it has completed a reserve update for the conventional gas reserves at its Clear Creek project located at Utah, USA | 16/12/2011 |
MAE's management have continued to pursue their restructuring and capital management initiatives deemed necessary for the Company to enable it to continue to fully pursue its operations. Pursuant to this, the Directors have appointed 333 Capital, a boutique advisory and corporate turnaround practice to assist with this process | 14/10/2011 |
a workover program is in progress on seven Clear Creek wells including three wells considered by management to have a high probability of being substantial producers. The Company reported that significant progress is being achieved with the workover program. In addition, the production from the company's wells increased during the quarter to 1 million cubic feet of gas. The Company's target of production is 5 million cubic feet of gas per day by end of June 2011 quarter | 14/10/2011 |
suspended from quotation following failure to lodge financial reports | 03/10/2011 |
securities reinstated to quotation | 23/07/2010 |
securities suspended from quotation pending an announcement | 07/07/2010 |
securities reinstated to quotation | 25/02/2010 |
securities suspended from quotation pending an announcement | 18/02/2010 |
name changed from Carpenter Pacific Resources Limited | 23/12/2005 |
name changed to Cre8tek Limited | 25/01/2016 |
The Company advises that the closing date for offers under the Company's prospectus dated 8 December 2015 have been extended to 5pm WST on Wednesday, 20 January 2016. | 12/01/2016 |
The delisting deadline extension was granted on the basis that the company is in the final stages of completing the acquisition of Global Agenda Technologies Pty Ltd; and should the company's securities not be reinstated to quotation by the commencement of trading on 8 March 2016, ASX will immediately remove the company from the official list from the open of trading on that day and no further extensions will be permitted. | 06/01/2016 |
The company releases its constitution. | 04/01/2016 |
The Company is pleased to advise that ASX has extended the Company's de-listing deadline to 8 March 2016. | 24/12/2015 |
The company is pleased to advise that all resolutions put to shareholders at today's General Meeting were passed by shareholders on a show of hands. | 23/12/2015 |
The company releases its corporate governance statement. | 08/12/2015 |
The company issues a prospectus for For an offer of 180,000,000 Shares at a price of $0.02 each to raise $3,600,000 before costs (Public Offer). The minimum subscription under the Public Offer is $3,600,000. The prospectus also contains the following secondary offers: An offer of 2,500,000 Shares to the Vendor of Global Agenda Technologies Pty Ltd (Agenda) for the acquisition of all the shares in Agenda by the Company (Consideration Offer); and An offer of up to 50,000,000 Options to corporate advisers and brokers in consideration for capital raising services provided to the Company (Option Offer). | 08/12/2015 |
The company lodges its annual report for 30 June 2015. | 08/12/2015 |
The company lodges its interim report for the half-year ended 31 December 2014. | 08/12/2015 |
The company lodges its financial report for Global Agenda Technologies for the year ended 30 November 2015. | 08/12/2015 |
The Company is pleased to advise that it has obtained the waivers from ASX in connection with the Company's proposed acquisition of 100% of the issued capital of Global Agenda Technologies Pty Ltd (Agenda) (Acquisition) and re-compliance with Chapters 1 and 2 of the Listing Rules. Capitalised terms have the same meaning as disclosed in the Company's notice of general meeting lodged with ASX on 24 November 2015 (Notice). | 08/12/2015 |
The company releases its revised securities trading policy. | 08/12/2015 |
The General Meeting of the Company will be held at 108 Outram Street, West Perth, Western Australia on Wednesday, 23 December 2015 at 10.00am (WST). | 24/11/2015 |
The Company is pleased to advise that due diligence for the acquisition of 100% of the issued capital of Global Agenda Technologies Pty Ltd (Agenda) is complete and both the Board and Agenda have determined to proceed with the acquisition. | 24/11/2015 |
The Company advises that due diligence for the acquisition of 100% of the issued capital of Global Agenda Technologies Pty Ltd (Agenda) is still progressing, with both parties agreeing to extend the due diligence period for a further 7 days to Wednesday 25 November 2015. | 20/11/2015 |
The Company advises that due diligence for the acquisition of 100% of the issued capital of Global Agenda Technologies Pty Ltd (Agenda) is progressing, with no issues identified to date. The 14 day due diligence period ends next Wednesday 18 November 2015. The Company will provide a further update at that time. The Company is preparing a notice of meeting seeking requisite approvals relating to the acquisition of Agenda. The Company expects to dispatch the notice mid-November, which is consistent with the indicative timetable in the Company's announcement of 5 November 2015. | 12/11/2015 |
The Board of Marion Energy Limited (ASX:MAE) is pleased to announce that it has executed a binding heads of agreement with a mobile & online application services company Global Agenda Technologies Pty Ltd (Agenda) to acquire 100% of the issued capital of Agenda (Acquisition). Agenda aims to offer and deliver unique SaaS technologies, mobile/online transactional services and social network integration to global consumer services industries that encourages sales conversions between businesses and consumers. MAE (to be renamed Cre8tek Limited, subject to shareholder approval) has agreed to a transformational acquisition to obtain a 100% interest in Agenda. | 05/11/2015 |
all conditions precedent to the Recapitalisation Proposal have now been met and today the Company issued 10,000,000 Creditor Shares and 40,000,000 Placement Shares. Accordingly, the DOCA has now been fully effectuated. | 28/10/2015 |
we understand that on or about this date the company consolidated its shares 1 for 100 | 15/10/2015 |
The company advises that resolutions 1-9 put to the Extraordinary General Meeting of members today were carried as ordinary resolutions. Resolutions 10 and 11, which required 75% approval as special resolutions, were lost. | 30/09/2015 |
The company had an Extraordinary General Meeting today, 30 September 2015. | 30/09/2015 |
The company announces a notification of consolidation/split. | 01/09/2015 |
A General Meeting of the Company will be held at the offices of Chartered Accountants Australia and New Zealand, Level 3, 600 Bourke Street, Melbourne on Wednesday, 30 September 2015 at 10.30am (AEST). | 28/08/2015 |
The following entity (Marion energy Limited) has not paid their annual listing fees in respect of the year ending 30 June 2016 but the securities are already suspended from official quotation. Under listing rule 17.15, any entity that has not paid its annual listing fees as required by listing rule 16.5 by 5.00 pm AEST on Monday 31 August 2015 will be removed from the official list with effect from the close of trading on Monday 31 August 2015 | 25/08/2015 |
The company advises that creditors have resolved to vary the terms of teh DOCA executed on 18 March 2015. A notice of meeting and explanatory memorandum is currently being prepared to allow for a general meeting of shareholders at a date to be determined in the near future. An amended and restated DOCA consistent with the recapitalisation proposal was executed on 7 August 2015. | 12/08/2015 |
Castlelake LP has elected to proceed with its purchase of substantially all of the Marion Energy Inc.'s (MEI) assets by way of a credit bid. It is anticipated that Castlelake's decision will be ratified by the Court at a hearing on 28 May 2015 (US time) and the transaction will be closed with an effective date of 1 June 2015. | 29/05/2015 |
Marion Energy Limited advises that it has entered into a Deed of Company Arrangement | 19/03/2015 |
appoints administrators | 02/02/2015 |
on Friday 5 December 2014 the US Federal Bankruptcy Court refused an application by Castlelake LP to set aside the bankruptcy of Marion Energy, Inc. However, the Court also refused an application by Marion Energy Inc ("MEI") to allow super-priority for working capital funding during the bankruptcy period. The Court ordered that Marion Energy Inc would have bankruptcy protection from its creditors until 1 June 2015 | 02/01/2015 |
all the resolutions put to the Annual General Meeting of members today were carried | 19/12/2014 |
on Friday 5 December 2014 the US Federal Bankruptcy Court refused an application by Castlelake LP to set aside the bankruptcy of Marion Energy, Inc. However, the Court also refused an application by Marion Energy, Inc. (MEI) to allow super-priority for working capital funding during the bankruptcy period. The Court ordered that Marion Energy Inc. would have bankruptcy protection from its creditors until 1 June 2015. Since that time, the board of Marion Energy Inc. has been in discussion with Castlelake LP in relation to funding the working capital requirements of MEI during the bankruptcy period but those discussions have not resulted in agreement. Accordingly, MEI will bring the matter back to the US Federal Bankruptcy Court at 2.00 pm (US Mountain Time) on Wednesday 17 December 2014 (AEST: 8.00 am Thursday 18 December 2014) | 17/12/2014 |
On Friday 5 December 2014 the US Federal Bankruptcy Court refused an application by Castlelake LC to set aside the bankruptcy of Marion Energy, Inc. for bad faith. However, the Court also refused an application by Marion Energy, Inc to allow super-priority for working capital funding during the bankruptcy period. The Court ordered that Marion Energy Inc would have bankruptcy protection from its creditors until 1 June 2015 | 08/12/2014 |
the Australian Securities and Investments Commission (ASIC) has granted an extension of time for MAE to hold its Annual General Meeting (AGM) for the 2014 financial year. By notice given on 11 November 2014, ASIC extended the deadline for MAE to hold its AGM from 30 November 2014 to 19 December 2014 | 13/11/2014 |
Marion Energy, Inc. ("˜MEI') a wholly owned subsidiary of Marion Energy Limited ("˜MEL'), filed in Salt Lake City, Utah for bankruptcy protection under the US Bankruptcy Code | 01/11/2014 |
the company is negotiating funding to cover short-term working capital requirements | 15/09/2014 |
makes an "omnibus" announcement to consolidate previously released information in relation to its operations at its Clear Creek gas field in Utah, USA | 09/09/2014 |
advises of an Updated Clear Creek Reserves Report | 25/08/2014 |
issues a prospectus | 18/07/2014 |
a Forbearance Agreement has been executed and exchanged between Castlelake, Marion Energy, Inc. and Marion Energy Limited. The terms of the Forbearance Agreement were negotiated by the Company with the assistance of its corporate advisers, 333 Capital Pty Ltd and its US lawyers, Skadden, Arps, Slate, Meagher & Flom LLP. The Forbearance Agreement provides a standstill in relation to any enforcement under the lending documents between the parties before 30 August 2014 | 15/07/2014 |
letters have been sent to shareholders confirming the consolidation | 30/06/2014 |
all the resolutions put to the Extraordinary General Meeting of members today were carried (a resolution authorising the consolidation of the ordinary shares in the company on a 10:1 basis (Consolidation) was also passed) | 19/06/2014 |
MAE has signed a mandate with corporate advisory firm 333 Capital who will assist the company in: "¢ the management of its relationship with Castlelake, LP (formerly TPG Credit), the current financier to the Company's operating subsidiary, Marion Energy Inc. (MEI); "¢ exploring the option of re-financing of the facility provided by Castlelake; and "¢ managing the potential sale of the Clear Creek assets owned by MEI | 19/06/2014 |
provides Notice of Extraordinary General Meeting on 19 June 2014 which includes a Resolution to approve a share consolidation under which each existing 10 Shares in the Company on issue will be converted to 1 Share | 20/05/2014 |
announces that following the successful refurbishment of the existing wells and infrastructure at Marion's Clear Creek field in Utah, production operations are ongoing from eight of the wells with a ninth likely to come into production in the next seven days | 30/04/2014 |
Marion Energy Limited (ASX:MAE) has received notification from ASX on 8 April 2014 that the company has exceeded its capacity to issue ordinary securities under ASX Listing Rule 7.1 by 73,072,217 ordinary shares. That breach occurred as a result of the recent placement of shares announced on 18 March 2014 | 10/04/2014 |
As previously announced, following the refinancing of its balance sheet in June 2013, Marion Energy (ASX: MAE, "Company") began operations on its shut in wells at Clear Creek | 25/03/2014 |
Marion Energy Limited (ASX:MAE) wishes to announce that it has today placed 73,072,217 shares with KM custodians Pty Ltd raising AUD438,433.30 "“ an amount equivalent to USD395,010.38, which was the amount required to redeem recently matured convertible notes issued to La Jolla Cove Investors, Inc. | 19/03/2014 |
releases 2013 Full Year Statutory Accounts, 2012 Half Year Accounts, 2012 Full Year Statutory Accounts, 2011 Half Year Accounts 2011 Full Year Statutory Accounts (PDF) | 14/03/2014 |
advises that further to its announcement dated 25 November 2013, it is making good progress with operations at its Clear Creek, Utah project | 31/01/2014 |
following the restructuring of the Company's balance sheet (announced to ASX on 31 July, 2013), Marion has completed the preliminary work required to restart field operations at its Clear Creek and Helper fields. Both fields have been largely shut in for the last two years as the Company undertook its financial restructuring | 04/11/2013 |
the company announces that, following extensive negotiations together with an exhaustive due diligence process, an exclusive substantial financing offer term sheet has been signed with a large USA based Investment Entity with the offer being conditional upon final negotiation and completion of a definitive legal agreement (incorporating operating and financial covenants) and upon completion will lead to a major restructuring of its balance sheet including the company" debts | 14/05/2013 |
Two strategic alternatives are currently being pursued. 􀂃 Partial sale of Clear Creek Project. The Company is currently in discussions with a number of parties all of whom are involved in the E & P sector of the industry. These discussions are centered on the formation of a joint venture achieved through the partial sale of the asset. It is anticipated that if a joint venture is formed, the incoming party will become the operator of the project. Funds generated through this alternative will be primarily directed toward reduction of debt levels of the company. 􀂃 Recapitalisation of the Company. As an alternative to seeking a partial sale of the Clear Creek project, management is considering ways in which it can achieve a recapitalization of the company with the aim again being to achieve debt reduction and to provide sufficient working capital to enable operations to recommence under new technical and operational management. Management and its advisers are currently in preliminary discussions with a number of parties with regard to this alternative. Reaching clarity with regard to the two alternatives outlined above will enable the Company to finalise its annual financial statements which will enable it to then hold its Annual General Meetings | 20/09/2012 |
company advises that it has completed a reserve update for the conventional gas reserves at its Clear Creek project located at Utah, USA | 16/12/2011 |
MAE's management have continued to pursue their restructuring and capital management initiatives deemed necessary for the Company to enable it to continue to fully pursue its operations. Pursuant to this, the Directors have appointed 333 Capital, a boutique advisory and corporate turnaround practice to assist with this process | 14/10/2011 |
a workover program is in progress on seven Clear Creek wells including three wells considered by management to have a high probability of being substantial producers. The Company reported that significant progress is being achieved with the workover program. In addition, the production from the company's wells increased during the quarter to 1 million cubic feet of gas. The Company's target of production is 5 million cubic feet of gas per day by end of June 2011 quarter | 14/10/2011 |
suspended from quotation following failure to lodge financial reports | 03/10/2011 |
securities reinstated to quotation | 23/07/2010 |
securities suspended from quotation pending an announcement | 07/07/2010 |
securities reinstated to quotation | 25/02/2010 |
securities suspended from quotation pending an announcement | 18/02/2010 |
name changed from Carpenter Pacific Resources Limited | 23/12/2005 |
Your browser may reflect a date of printing in American format.
Note - these have been transferred to Issuer Sponsored now. So when using "Sell Worthless shares" you need to use an SRN not a HIN. | 18/05/2015 19:14:22 |
Suspended for 3 years. Needs a bullet already | 18/12/2014 10:05:46 |
When will this company be relisted? | 28/04/2014 10:25:55 |
Why dont they ever send updates to the current shareholders ????? | 17/12/2012 23:39:06 |
NAME | TITLE | DATE OF APPT |
---|---|---|
Stephen Watts | Non Exec Chairman, Independent Director | 28/08/2013 |
Nicholas Stretch | Independent Director, Company Secretary | 08/05/2013 |
Karl Louman | Executive Director, CFO | |
Jeff Clarke | Director | 13/12/2004 |
Date of first appointment, title may have changed.
NAME | TITLE | DATE OF APPOINTMENT | DATE OF RESIGNATION |
---|---|---|---|
Peter Collery | CEO, Executive Director, Company Secretary | 13/12/2004 | 28/02/2014 |
Date of first appointment, title may have changed.
Contact Us | Financial Services Guide | Privacy Policy
This website is owned and operated by Investogain Pty Limited.
ABN 88 129 443 447 | AFSL 334036
Information provided is of a general nature and not for trading or advice.
Copyright © 2002-2024 Investogain Pty Limited. All rights reserved.