looking bullish for a bounce, page-3

It's taken a while but finally management have got it right with many of their projects at critical points in their development. SPP not really in favour for long time shareholders but hopefully they'll be at a premium by end of the financial year. Its obvious that Molopo require this extra cash flow as so to demonstrate their true value.

Some of their recent activity and announcements have included :
Entering into a large, low risk gas project in the US.
Three new production wells added at the Mungi field (Qld).
Two production test wells commenced at the Bindaree Field (Qld).
One production test well underway at the Timmy Field (Qld).
Preparations for resumption of production testing at Gloucester (NSW).
A Memorandum of Understanding signed with Ergon Energy to develop opportunities to supply Ergon with substantial gas from Mungi Field for at least 15 years.
And a breakthrough in completion techniques at Mungi with horizontal drilling resulting in higher production and
recovery rates.