MPO molopo energy limited

Sure are a lot of frustrated shareholders on this board. Fair...

  1. 1,189 Posts.

    Sure are a lot of frustrated shareholders on this board. Fair enough the sp is shot to bits, but from the standpoint of someone who is looking at the current stock price and potential catalysts for a re-rating...I'm thinking maybe some are so frustrated they can no longer see the wood for the trees.

    Aren't the monthly drilling updates a reasonable effort at communicating on progress?
    MPO are behind where they should be, but flooding greatly influenced progress in the Bakken and Qld in the first half of this year.

    They did get the Wolfcamp acreage for under $500 an acre and that asset is worth more everyday.
    They said they would drill three wells this year and they have. Results will be known early next year.If they are positive those 20 000 acres are worth going to be worth $2500 an acre. They should be able to book reserves.

    The legacy shares are going back up..

    As for Qld csg, I can't see how they can say anything unless the deal is signed off. AJL's sale process for their Surat basin ground ATP 651 was the same, no word for ages then out of the blue they got $98 million which was a bit above expectations.

    With 1500km2 of ground and 340pj of 2p I wouldn't be surprised if they get quite a bit more than $62 million.

    But I'm able to be optimistic because this investment is not costing me yet!
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.