That's right, DYOR and you would know that MPO is already a producer with a program to lift producton and revenue exponentially .
SHG will be a significant producer also......... in about 2012 .
The 2P reserve figures for MPO are well open to expansion . The analyst report I have only uses Mungi, Harcourt, and Oakpark/Lilyvale 2P fgures .
Timmy, Clarence Moreton, Gloucester, South Africa, and China are currently not included .
Mungi - current 2P = 58Pj (current drilling will lead to upgrade .
Harcourt - current 2P = 23 Pj (MD told me this field has the same characteristcs as Mungi but is five times the size . It is due for reserve upgrade this year .)
Lilyvale / Oakpark - current 2P = 123 Pj (this field will have far more relevence as the central queensland ppeline is built .)
Gloucester is due for reserve statement .
Timmy is due for reserve statement .
MPO Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held