I cannot believe the lack of interest in MPO following yesterday's announcement. Here you have a company that is cashed up, has proven ability to drill multi lateral wells that produce very good flow rates and can be connected to existing infrastructure to feed existing sales contract and has more wells to srill. Here you have a company that clearly stated in yesterday's announcement they will be seeking reserves upgrades within the next 4 months of 2P 200bscf and 3P 500bscf and the SP heads south with hardly any volume. I topped up at $1.03 yesterday at the auction following the announcement thinking that this would now head north so I am very surprised to see the lack of interest continuing today. I thought that once the market had the opportunity to digest the announcement over night we would have a better performance today.
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