Wiggling, I am an investor from northern Europe and I own MPO from more than 1$ and I want it back if possible. Even if it seems very difficult in the moment.
In Canada I have LEG, RPL and OIL-shares in that sector where Arcan is too.
When I see your proposal I do not understand why Molopo should put the rest of the money in Arcan. It is not cheap when Market Cap and debt together is about 400 mio.$ when they produce about 4.000 boed daily.
The others I have is priced between 65 mio.$ - 75 mio.$ for every 1.000 boed as a compare.
MPO has also the Utica-rights in Quebec with shale gas.
The BAPE-report is possibly delayed but maybee the moratorium will be lifted in 2014.
mpo merger with arn, page-6
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