announcement - project update presentation, page-24

Great find Bill....

I found the number of additional wells very interesting! From previous news, they have been targetting 25-30 wells. With possibility of more.

This states that 60 wells are to be drilled in Q3 and Q4. So it looks as though they are pretty committed to having the three drill rigs drilling non stop to year end. That should mean they will easily out strip their production targets!

"In future, several sites will act as satellites and will gather additional production to the battery. There are an additional sixty (60 ) wells that are to be drilled in Q3 & Q4 / 2010 and it is anticipated that these sites will be tied into this facility eventually. In addition the company anticipates being active in drilling additional development wells in the area of and around the central site."

Also I would expect we should get some flow rates in the next month or so from the two new Mungi wells.

I think the sooner we get listed on the TSX the better. Then the Canadians can start valuing MPO on its value in comparison to its peers over there.

I have a feeling though that by year end, our patience will be rewarded... we will have some pretty substantial oil production, hopefully a well started in Quebec, and a much clearer picture for commercialisation in QLD.