re: Ann: Molopo Energy agrees to sell Barnhar... Swami, very dissaponing NR? I´m not sure. They disposed 1,400 acres there for 4,8MM valuing $3400 per acre. They bought in for about $1000 per acre. I think it´s the first relatively solid deal by our new CEO. You should consider that the wells drilled by MPO there had to have west-east orientation, however all nearby operators there used to drill horizontal leg north-south. This acreage is like a tight noodle W-E...
Really disapointing is the sale ( price) of Saskatchewan property. I would like to know how much money got Peters for advincing this "pretty" deal.
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Ann: Molopo Energy agrees to sell Barnhart assets, page-8
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