MPO 0.00% 14.0¢ molopo energy limited

kmuirhead,I think in the case our Canadian play, frustration is...

  1. 782 Posts.
    kmuirhead,

    I think in the case our Canadian play, frustration is with the weather and not management. To date there has not been one company, in Saskatchewan area of the Bakken play, that could access their site due to infrastructure damage caused by flooding. The weather has obviously improved and rigs are now on the move in the area. We have no option but to wait for results at a later date.

    As for the $100-$120 million for the Queensland assets, well, that was not suggested by HC posters but from an article that was posted on HC.

    Here's part of the article from the AFR.

    "Molopo hired Lazard earlier this year to run a sale process for the assets, which are located in the Moura area and may attract bids north of $100 million, according to market soundings."
 
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