this management,will take the share price , page-3

the reply i got from the clown.

Thanks for your enquiry. We disagree with your assertion that our liaison with our Shareholders has been non-existent. Every quarter the Company sends out an update to shareholders on its activities and cashflow. In addition all ASX announcement are posted on our website for shareholders to view at their convenience and our Annual Report has recently been distributed to shareholders.



In relation to your comments on the share price, we understand your concerns. Recently we announced our intention to list the Canadian oil assets on a North American exchange. This is aimed at, amongst other things, maximising value for shareholders for we believe the value of these assets are not being accurately reflected in our ASX share price. In addition, whilst a significant portion of our capital has been spent on progressing our oil assets, we have also been progressing our gas opportunities also. Please refer to recent presentations and reports on our website which provides an update on these assets.



Let me assure Molopo management and the Board are working very hard to ensure that we maximise value for shareholders. That not only includes "selling the story" to potential and existing investors but importantly, that we continue to make good progress operationally across all our assets to ensure the Molopo story has substance.



Yours faithfully,

Anthony Bishop

Chief Financial Officer & Company Secretary

Molopo Energy Ltd

Web: www.molopo.com.au