Molopo had done nothing for the past 5 years, but it is now on the move on the coat
tails of the CSM bubble. The company proudly proclaimed that it had acquired an
executive team of technical managers from BHP, who must be able to run the company
more professionally than it has in the past. The company is building 2P gas reserves in
the Clarence Morton and Gloucester Basins and holds $42 million of cash, so it should
be able to pay the new team (for a while). MPO has interests of doubtful quality in
South Africa, China and West Virginia.
Salinas Energy is developing a 5.5 mmbbl, heavy oilfield at its North
- Forums
- ASX - By Stock
- MPO
- how pathetically obvious
how pathetically obvious, page-43
-
- There are more pages in this discussion • 10 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)