petroleumnews article, page-21

$4.5mill in the bank as at end of December, I think that is enough to take them to option conversion. Marketcap is currently $50mill. This could rise substantially based on what they currently have in exploration and would easily support more placements. What we have with MPO is nothing unique for a company with the assets in the ground but lack of money to complete exploration and/or development infrastructure.

I would also not be averse to joint ventures if that creates the ability to tap into the wealth in the ground and further develop the fortunes of the company. I think there is plenty on the horizon for this company in the next few months but it will be interesting to see how the options play out, its always interesting when they are so close to expiry and exercise price trigger.