Ann: MOLOPO ANNOUNCES 2013 CAPITAL BUDGET AND OUT, page-6

re: Ann: MOLOPO ANNOUNCES 2013 CAPITAL BUDGET... On the face of it this outbreak of commonsense is to be welcomed. Only weak link is the comment on cost containment - easier said than done imo.

If MPO becomes a 49% jv partner in Texas and retains sufficient cash to get started in Quebec (assuming moratorium is lifted) then we will be looking good.

But this still leaves us in the unfortunate position of being a North American company listed on the ASX and with an Australian shareholder base. We will never see an sp representing our true worth unless we can get visibility in North America.