MPO 0.00% 14.0¢ molopo energy limited

news from canada, page-6

  1. 1,397 Posts.
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    Noellyn... from the last monthly drilling report:

    A shared drilling rig is available to drill the first well, St Marc sur Richelieu-1. Spud is anticipated Oct/Nov. Delays have been experienced permitting this well. Three additional well locations have been identified and are now being permitted.

    I would suggest that the well will spud in November, given that there are usually delays with these things. The drilling rig is shared with Canbriam, who is farming into the acreage right next door to MPO's Richelieu acreage. I would keep an eye on Petrolympic for any details of success in their campaign. This is a linc to Petrolympic's announcement about spudding of the first well in the JV:

    http://www.petrolympic.com/documents/file/Press%20release/09%2007%2017%20Spud.pdf
 
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