Market awaits Molopo CSG sale 02 AUG 2011 The sale of Molopo Energy's coal seam gas assets (CSG) in Queensland is "key" for the company to realise value, according to Credit Suisse.
But production from the assets has been poor, with production of just 95 terajoules in the June quarter, Credit Suisse analyst Sandra McCullagh has told clients.
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 sounding.
Read more here... http://afr.com/p/business/companies/market_awaits_molopo_csg_sale_0090DswLEFfG9k272wWMOM
MPO Price at posting:
75.0¢ Sentiment: LT Buy Disclosure: Held