Marion Energy Limited is an Australia-based company. The Company is principally engaged in investment in oil and gas projects and the identification and assessment of new opportunities in the oil and gas industry in Texas, Utah and Oklahoma in the United States. The Company�s projects include the Clear Creek Project, the Helper Project and the Jester Bloomington project and Willows project. As of June 30, 2010, the Company held 100% working interest in the Clear Creek project, and 100% interests in the Helper project and the Jester Bloomington project. During the fiscal year ended June 30, 2010 (fiscal 2010), it did not operate the wells, which were located in the Clear Creek project and the Helper project. During fiscal 2010, the Company assessed reserves of 138.8 billion cubic feet of proved reserves, 84.9 billion cubic feet of probable reserves and 18.2 billion cubic feet of possible reserves for a total of 241.9 billion cubic feet of reserves.