On 13 November Marion released a report which said inter alia...

On 13 November Marion released a report which said inter alia "following the treatment of its Clear Creek wells for hydrates issues, it has achieved a gross production rate in excess of 5 million cubic feet of gas a day. The clear Creek wells are currently being brought into full production status following these treatments and it is anticipated that production will therefore continue to increase as these operational activities are completed"

Now today it says " in the December 2008 Quarter the company reached a point where it was confidently able to state that its wells collectively had reached a level of operations at which they were capable of producing 5 million cubic feet of gas per day, that in the near term it would be able to sustain this level aqnd increase it"

In other words the company itself is now admitting that its 13 November release was codswallop.

How can anybody still have confidence in the management of this outfit when it has spent so much shareholders loot on a spurious claim that there is billions of cubic feet still to be recovered at Clear Creek when clearly the results of all the wells it has drilled show that not to be the case.