MPO

[ShareCafe]

created for Felonius

[Durmo]

MPO holders

The following info has been extracted from recent announcements made by Molopo.

 

1.Molopo recently announced it had signed a Term Sheet with Origin EnergyÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢s subsidiary for the sale of MolopoÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢s anticipated share of gas from Stage 1 development. A final Gas sales agreement based on the term sheet is expected to be concluded at the end of this month.

2.Molopo will announce gas flow information from the Mungi Project once the wells have reached a stabilised production level, expected to be early February.

3.The first significant gas sales are expected towards the end of February or early March. Should the first stage of development go according to plan, Molopo expects to proceed to Stage 2, which will involve drilling additional wells and, depending on joint venture and gas market commitments, installation of additional compression and facilities.

4. Gas processing facilities are expected to be installed and commissioned on schedule in March 2004.

 

The Mungi gas field has several important advantages.

It has independently accredited Proven & Probable Reserves.

It is operated by an experienced CBM company (an Origin Energy subsidiary), and

Is the closest producing field to the Gladstone gas market.

 

Current share price 6.8 / 6.9 with no real buying depth. The options are sitting at 2.3 / 2.5.

Although I am in profit with current prices (bought MPO @ 4.0 & MPOOA @ avg. 0.8c) I do think some care should be taken if buying this stock. Seems to be insiders selling and buying large quantities at the right times.

 

 

[Felonius]

Thanks for your comments Durmo.

 

I like the leverage offered by the options which expire June '07 - have a few myself.

 

Also, gas prices will be agreed shortly with (an affiliate of) ORIGIN, and sales starting

in next few months. Positive stuff.

 

Everything seems to be lining up for them EXCEPT I have no idea what profits may be anticipated in the future. Thus, they are still a punt !

 

Regards, Felonius

[Durmo]

IN REPLY TO A POST BY Felonius, Fri 23/01/04 07:45am   [READ POST] Thanks for your comments Durmo. I like the leverage offered by the options which expire June '07 - have a few myself. Also, gas prices will be agreed shortly with (an affiliate of) ORIGIN, and sales starting in next few months. Positive stuff. Everything seems to be lining up for them EXCEPT I have no idea what profits may be anticipated in the future. Thus, they are still a punt ! Regards, Felonius

Hi Felonius

Second Quarter Activities and Cashflow report due this week. A good report followed by some positive announcements could see MPO break its recent highs. Maybe this weeks market might give us an idea of what can be expected.

Durmo

PS also picked a few BQT's (mid Nov) at 23c and there flyyyying.

[wisebuddy]

IN REPLY TO A POST BY ADMIN1, Thu 22/01/04 10:55am   [READ POST] created for Felonius

molopo is manipulated accordingly.

more fleas jumping on board in the options,

i feel they will have to reconstruct to undercut all the dreamers..

the gas flow is the answer, but so insignificant at present, will need lot more drillings phase to get a commercial value, could be in 5 years times

good luck

[wisebuddy]

IN REPLY TO A POST BY Durmo, Sun 25/01/04 01:49pm   [READ POST] Hi Felonius Second Quarter Activities and Cashflow report due this week. A good report followed by some positive announcements could see MPO break its recent highs. Maybe this weeks market might give us an idea of what can be expected. Durmo PS also picked a few BQT's (mid Nov) at 23c and there flyyyying.

molopo quaterly is a real joke accordingly to my expectations

 

this coy is controlled by origin,

and the game molopo did play by rumours as

china project

china brokers trip

gas flow

and so on , so far , just to take your money

 

[Durmo]

IN REPLY TO A POST BY wisebuddy, Fri 30/01/04 02:38pm   [READ POST] molopo quaterly is a real joke accordingly to my expectations this coy is controlled by origin, and the game molopo did play by rumours as china project china brokers trip gas flow and so on , so far , just to take your money

Hey wisebuddy I with you on this one. They seem to repeat themselves on every announcement and still we have no flow rates.

You are right in what you have said..

And what a joke their Secretary is......I'm finally gonna get out of this company regardless of what the future may hold.

SHAME MOLOPO AUSTRALIA

[wisebuddy]

IN REPLY TO A POST BY Durmo, Sun 25/01/04 01:49pm   [READ POST] Hi Felonius Second Quarter Activities and Cashflow report due this week. A good report followed by some positive announcements could see MPO break its recent highs. Maybe this weeks market might give us an idea of what can be expected. Durmo PS also picked a few BQT's (mid Nov) at 23c and there flyyyying.

hello, well the report is out, may i ask what to expect

 

interesting

txsz

[wisebuddy]

IN REPLY TO A POST BY Durmo, Fri 30/01/04 09:58pm

insiders selling into molopo

 

after the astute placement at 5.5 to sophiusticated investors

smell of reconstruction

and options worthless

[pillman]

http://www.ShareScene.com/html/emoticons/graduated.gif Well, this is the "do or die" month for Molopo. All the reports and promises they have made are well past overdue and they need to show shareholders they have what it takes by 31 July, or it's all a mess.