MPO 0.00% 14.0¢ molopo energy limited

approach resources borrows 35 million, page-3

  1. 1,087 Posts.
    My mistake, their highest IP well was on their border but north of Molopo's acreage.
    Map can be found here. under 3rd quarter results
    http://phx.corporate-ir.net/phoenix.zhtml?c=214016&p=irol-presentations
    Baker B 256H is their 1334 boed well

    Listened to the Tele conference of Approach. No mention of any acquisition plans but do mention funds for more acreage.
    I found it interesting that management thinks there is little difference in total production in high IP and low IP wells in the long run. They even out with High IP wells declining faster than lower IP wells

    http://seekingalpha.com/article/1825062-approach-resources-ceo-discusses-q3-2013-results-earnings-call-transcript
 
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