upgraded to outperform by credit suisse

DJ MARKET TALK: Molopo Upgraded To Outperform By Credit Suisse

0121 GMT Dow Jones STOCK CALL: Credit Suisse likes small coal seam gas play Molopo (MPO.AU), upgrades to Outperform from Neutral, although lowers price target
to A$1.50 from A$1.60 vs A$1.185 last trade. Says recent negative share price movements overdone, company has potential "company transforming" assets in Queensland
state's Mungi coal seam, South Africa and Canadian shale gas. "Molopo will be driven by drilling activity across a range of assets over the next 12 months, potentially leading to increased reserves and commercial definition in a number of assets,"
Credit Suisse says. "In the short term, a boost in oil production at the Canadian unconventional oil assets will allow for relatively stronger earnings."(RRK)