Molopo Canada’s oil production potential has reached a total of 900 b/d net. Spearfish is contributing approximately 740 b/d net, with all seven horizontal wells drilled in Q1 CY10 now completed and on production. Bakken will contribute 130 to 290 b/d net, with three of six horizontals completed and on production and one additional well expected to commence production during June. One Bakken well has been shut-in indefinitely due to high water cuts.
21 June 2010 Molopo Increases Canadian Oil Production and Commences Significant New Oil Drilling Programme
MPO Price at posting:
$1.16 Sentiment: Hold Disclosure: Held
