MPO 0.00% 14.0¢ molopo energy limited

Implant, good post...I'm pretty pessimistic about mpo not...

  1. 506 Posts.
    Implant, good post...

    I'm pretty pessimistic about mpo not because of the acreage but because of the level of technical ability within the company. When you read another companies CEO critising mpo then there are some serious issues to be resolved.

    Funnily enough I can see the path that lead to the sub optimal finishing of our fiesta wells. I'd say they were wanting to use the same crew that completed Barnhart. There were most likely economies of scale to be achieved. Unfortunately it was a very major mistake and we should have been discussing the best approach, with our neighbours, who will want our acreage to be successful, as it increases the price of their own acreage.
 
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