The stock reporter says this: "Typically these wells decline rapidly rather than incline",
however MPO says this: "Typicallly Bakken wells show max daily production at 3 months".
So really I don't think it was a surprise to MPO.
Also why do you guys believe MPO will be cap-raising along the way? Are you talking about Cap-raising in the next 3-6 or are you considering more of the longer term?
I'm new to research Molopo, however I just assumed that if they were running low on cash they'd just sell some of their $50 million odd holding of Legacy shares?
Cheers, this stock seems very cheap!
MPO Price at posting:
62.0¢ Sentiment: None Disclosure: Not Held