MPO 0.00% 14.0¢ molopo energy limited

any though please?, page-7

  1. 782 Posts.
    re: announcement (MPO) Molopo completes methane wells

    Molopo Australia Limited has successfully completed fraccing operations of five coalbed methane wells in Queensland, with three at the Mungi Gas Field and two at the Bindaree Prospect.

    The Mungi programme in PL94 represents the commencement of Stage 2 field development while the Bindaree wells are the first to appraise the production potential of the area immediately to the north of Mungi.

    Following completion the three Mungi wells will be tied into Molopo’s gathering and compression facilities for delivery of gas into the Queensland gas sales contracts.
    Should results warrant and the authorities approve, the two Bindaree wells will also be tied into Molopo’s gathering and compression facilities.

    The Bindaree Prospect is situated between the Harcourt and Mungi gas accumulations, is covered by a Petroleum Lease application (PLA210) over 178km2 to the north of PL94.

    Pending results and Queensland Government approval of the Petroleum Lease application, it is anticipated that the Bindaree wells will be connected to the existing gas gathering system and processing facilities previously installed under the $10 million Phase 1 development programme at Mungi.

 
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