Another announcement confirming the the Canadian purchase released at 12:46.
Extract:-
"Acquisition of the Quebec shale play is consistent with Molopo’s strategy of assessing and developing non-conventional gas projects where evidence of in-situ gas from previous work is apparent and where there is existing infrastructure, with proximity to high-priced gas markets.
Molopo’s initial plans are to assess all the available data with a view to identify the most prospective acreage areas for initial drilling trials. The minimum work commitments are low representing some US$1.2million in the coming 12 month period."
As a currently very frustrated shareholder, I would have thought the available data should have been analysed prior to the purchase agreement which is what most other companies would have done.
What gives MPO.. ??
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