what's happening, page-33

"The neighbours, EOG and AREX, to our 2 blocks are reporting and highlighting their much better results than what Molopo achieved."

I think that where things went wrong, they were using analogous logs to make the comparison with EOG and AREX to come up with indicative production profiles. Unfortanately current well production logs and decline curves fell short of that expectation, which indicates to me that Wolfcamp accreage is less prospective than EOG and AREX wells to the north.

I suspect that current MPO wells in Wolfcamp are uneconomic, going by the share price. So my assertion that it will be difficult and challenging to farm out or divest Wolfcamp accreage stands. I am happy to be proved wrong.

Good to know that Molopo is embarking 3D seismic - but I reckon that should done this first before embarking on a development programme.