MPO 0.00% 14.0¢ molopo energy limited

Before their recent reserve upgrade SHG had 224 Pj(2P).They now...

  1. 7,809 Posts.
    Before their recent reserve upgrade SHG had 224 Pj(2P).
    They now have 469 Pj(2P) .
    SHG market cap/2P reserves = 1.15

    MPO currently has 204 Pj and is awaiting reserve upgrade .
    MPO current market cap/2P reserves = 0.68 .

    So currently SHG reserves are valued at almost twice MPO's reserves ......
    Lets say MPO adds another 150 - 250 Pj's to their 2P reserves .

    At 150 Pj upgrade, MPO's current market cap/potential 2P = .39

    At 250 Pj upgrade, MPO's current market cap/potential 2P = .30

    MPO is a sitting duck .
 
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Currently unlisted public company.

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