announcement - project update presentation, page-13

In my mind its because MPO is a gas company not an oil company and the market are not taking it seriously.

It hasn't helped that they can't negotiate a position where they can get a hole in the ground in the gas acerage and out of the capital raising to direct a paultry amount of it to what - some 2 million acres of gas tenements.

No reason I suppose though not to issue a few hundred more thousand 'management incentive' options at some ridiculously low in the money price.