qld assets

well if MPo sell their Qld assets for book value, ie around $60m, thats about 24c cash per share.

like thats almost half the current SP?!

crazy stuff.

then, all of the cash proceeds we know will be invested in exploring, drilling and producing cash flow.

As I mentioned ages ago, MPO has had a plan, and they have been working to execute that plan/strategy ever since the Board coup.

I reckon its coming together now.

the final stage of the restructure will be that listing on the Toronto exchange.

when all the non-N/A assets have been sold, and MPO listed on the TSX, then MPO will be a "clean" business which the N/A investors will be able to value, and understand.

I have not tried to do a comparative valuation of MPO vs other small N/A O&G coys, but it would be interesting to try and compare MPO position with its peers.

I suspect we will be a bargain.

If that's so, then we should expect a significant re-rating, because those projected production figures were significant.