Just relooked at whats going on in Canada (info per mpo...

Just relooked at whats going on in Canada (info per mpo website)

Quebec Shale gas
drilling program on hold for nearly a year now because of environmental issues

Bakken unconventional oil
objective: Drilling program completed to convert licenses to leases (ie use it or lose it). A lease is for 5 years

Spearfish
Drilling program underway is primarily to maintain lease ownership (or may lose assets). As side issue, producing 2000 bopd at cost of $20 bbl

My initial thoughts are MPO is going to need large cash injection soon. Perhaps by spinning off Canadian assets as a separate listing

Whats your thoughts?

Will look at other projects