wolfcamp wells have the potential to produce more oil than spearfish.
devon and el paso are the neighbours.
drilling in texas is cheap, you got access to the whole spectrum of oilfield service and you got infrastructure and a market to sell the produced oil there.
especially with a lower US$ in comparison to an aussi$ its perhaps cheaper to invest in the us?
for me it`s funny that a tiny unknown australian unconventional oil&gas company shows the hajjies from the oil mecca texas how to pick up and produce unconventional hydrocarbons in their own front garden.
perhaps mpo gets more attention now from us investors?
MPO Price at posting:
$1.02 Sentiment: None Disclosure: Not Held