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ASX Release 081214
ASX Release
8 December 2014
US Federal Bankruptcy Court Ruling
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.
The board of Marion Energy Inc is considering the practical implications of these orders.
Marion Energy Limited
Per:
Nick Stretch Company Secretary
Suite 802, 530 Little Collins St. Melbourne Victoria 3000 Australia
Marion Energy Limited
ABN 99 000 031 292
Tel: +61 3 9620 2223 Fax: +61 3 8692 9976 www.marionenergy.com.au
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Marion Energy
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CODE : MAE.AX |
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ISIN : AU000000MAE0 |
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Marion Energy is a producing company based in Australia. |