AGM next Thursday, so I wonder if they'll make a positive announcement before then. On the other hand, estimates do seem to be getting lower and lower for Mungi.
Coal seam gas risks and rewards Richard Hemming November 11, 2011 - 9:01AM
Molopo Energy (ASX code MPO) on the other hand, is trading at levels below its asset backing. The company has CSG assets located near Gladstone, which it is selling. One estimate is that it could get about $50 million for this, plus it has about $130 million in cash. At 71.5 cents as of yesterday it has a market cap of $174 million.
