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ISIN: AU000000MPO7 · WKN: 873553
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Letzter Kurs 29.09.20 Nasdaq OTC
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Wertpapier | Kurs | Perf. % |
---|---|---|
497,00 | +410,01 | |
6,0800 | +43,06 | |
12,990 | +38,93 | |
0,5070 | +31,52 | |
17,200 | +27,31 |
Wertpapier | Kurs | Perf. % |
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20,030 | -7,61 | |
1,3160 | -7,84 | |
6,7200 | -8,82 | |
0,6500 | -12,16 | |
20,000 | -33,33 |
Appendix 3B
New issue announcement, application for quotation of additional securities and agreement
Information or documents not available now must be given to ASX as soon as available. Information
and documents given to ASX become ASX’s property and may be made public.
Introduced 1/7/96. Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/2001, 11/3/2002, 1/1/2003, 24/10/2005.
Name of entity: MOLOPO AUSTRALIA LIMITED
ABN 79 003 152 154
We (the entity) give ASX the following information.
Part 1 - All issues
You must complete the relevant sections (attach sheets if there is not enough space). 1
+Class of +securities issued or to be issued
FULLY PAID ORDINARY SHARES
2
Number of +securities issued or to be issued (if known) or maximum number which may be issued
1,730,083
3
Principal terms of the +securities (eg, if options, exercise price and expiry date; if partly paid +securities, the amount outstanding and due dates for payment; if +convertible securities, the conversion price and dates for conversion)
ORDINARY FULLY PAID SECURITIES
4
Do the +securities rank equally in all respects from the date of allotment with an existing +class of quoted +securities?
If the additional securities do not rank equally, please state:
• the date from which they do
• the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment
• the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment
YES
5
Issue price or consideration
$0.10 (10 CENTS)
6 Purpose of the issue
(If issued as consideration for the acquisition of assets, clearly identify those assets) ORDINARY SHARE ISSUE PURSUANT
TO THE EXERCISING OF MPOOA LISTED OPTIONS BY OPTION HOLDERS WITH AN EXERCISE PRICE OF $0.10 (10 CENTS) AND AN EXPIRY DATE OF
30-06-2007.
7 Dates of entering +securities into uncertificated holdings or despatch of certificates 25 MAY 2007
Number +Class
8 Number and +class of all +securities quoted on ASX (including the securities in clause 2 if applicable)
618,927,769
120,750,539
FULLY PAID ORDINARY SHARES (MPO)
Options @ $0.10 expiring
30-06-2007 (MPOOA)
Number
+Class
9
Number and +class of all +securities not quoted on ASX (including the securities in clause 2 if applicable)
1,000,000
Management Incentive Options
@ $0.05 expiring
30-04-2008 (MPOAZ)
1,000,000
Management Incentive Options
@ $0.10 expiring
30-04-2008 (MPOAZ)
5,500,000
Management Incentive Options
@ $0.05 expiring
06-11-2009 (MPOAI)
500,000
Management Incentive Options
@ $0.075 expiring
10-07-2011 (MPOAM)
5,500,000
Management Incentive Options
@ $0.075 expiring
06-11-2011 (MPOAK)
10
Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests)
AS FOR CURRENT ORDINARY SHARES
Part 2 - Bonus issue or pro rata issue 11
Is security holder approval required?
12
Is the issue renounceable or non-renounceable?
13
Ratio in which the +securities will be offered
14
+Class of +securities to which the offer relates
15
+Record date to determine entitlements
16
Will holdings on different registers (or subregisters) be aggregated for calculating entitlements?
17
Policy for deciding entitlements in relation to fractions
18
Names of countries in which the entity has +security holders who will not be sent new issue documents
Note: Security holders must be told how their entitlements are to be dealt with.
Cross reference: rule 7.7.
19
Closing date for receipt of acceptances or renunciations
20
Names of any underwriters
21
Amount of any underwriting fee or commission
22
Names of any brokers to the issue
23
Fee or commission payable to the broker to the issue
24
Amount of any handling fee payable to brokers who lodge acceptances or renunciations on behalf of +security holders
25
If the issue is contingent on +security holders’ approval, the date of the meeting
26
Date entitlement and acceptance form and prospectus or Product Disclosure Statement will be sent to persons entitled
27
If the entity has issued options, and the terms entitle option holders to participate on exercise, the date on which notices will be sent to option holders
28
Date rights trading will begin (if applicable)
29
Date rights trading will end (if applicable)
30
How do +security holders sell their entitlements in full through a broker?
31
How do +security holders sell part of their entitlements through a broker and accept for the balance?
32
How do +security holders dispose of their entitlements (except by sale through a broker)?
33
+Despatch date
Part 3 - Quotation of securities
You need only complete this section if you are applying for quotation of securities 34
Type of securities (tick one)
(a)
Securities described in Part 1
(b)
√
All other securities
Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities
Entities that have ticked box 34(a)
Additional securities forming a new class of securities
Tick to indicate you are providing the information or documents
35
If the +securities are +equity securities, the names of the 20 largest holders of the additional +securities, and the number and percentage of additional +securities held by those holders
36
If the +securities are +equity securities, a distribution schedule of the additional +securities setting out the number of holders in the categories
1 - 1,000
1,001 - 5,000
5,001 - 10,000
10,001 - 100,000
100,001 and over
37
A copy of any trust deed for the additional +securities
Entities that have ticked box 34(b) 38
Number of securities for which +quotation is sought
1,730,083
39
Class of +securities for which quotation is sought
FULLY PAID ORDINARY SHARES
40
Do the +securities rank equally in all respects from the date of allotment with an existing +class of quoted +securities?
If the additional securities do not rank equally, please state:
• the date from which they do
• the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment
• the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment
YES
41
Reason for request for quotation now
Example: In the case of restricted securities, end of restriction period
(if issued upon conversion of another security, clearly identify that other security)
EXERCISING OF MPOOA LISTED OPTIONS BY OPTION HOLDERS WITH AN EXERCISE PRICE OF $0.10 (10 CENTS) AND AN EXPIRY DATE OF 30-06-2007.
Number
+Class
42
Number and +class of all +securities quoted on ASX (including the securities in clause 38)
618,927,769
120,750,539
FULLY PAID ORDINARY SHARES (MPO)
Options @ $0.10 expiring
30-06-2007 (MPOOA)
Quotation Agreement
1.+Quotation of our additional +securities is in ASX’s absolute discretion. ASX may quote the securities on any conditions it decides.
2. We warrant the following to ASX.
• The issue of the +securities to be quoted complies with the law and is not for an illegal purpose.
• There is no reason why those +securities should not be granted +quotation.
• An offer of the +securities for sale within 12 months after their issue will not require disclosure under section 707(3) or section 1012C(6) of the Corporations Act.
Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty
• Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any +securities to be quoted and that no-one has any right to return any +securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the +securities be quoted.
• If we are a trust, we warrant that no person has the right to return the +securities to be quoted under section 1019B of the Corporations Act at the time that we request that the +securities be quoted.
3. We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement.
4. We give ASX the information and documents required by this form. If any information or document not available now, will give it to ASX before +quotation of the +securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete.
Sign here:
Date: 31 MAY 2007
(Chief Financial Officer)
Print name:
RIC SOTELO
New issue announcement, application for quotation of additional securities and agreement
Information or documents not available now must be given to ASX as soon as available. Information
and documents given to ASX become ASX’s property and may be made public.
Introduced 1/7/96. Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/2001, 11/3/2002, 1/1/2003, 24/10/2005.
Name of entity: MOLOPO AUSTRALIA LIMITED
ABN 79 003 152 154
We (the entity) give ASX the following information.
Part 1 - All issues
You must complete the relevant sections (attach sheets if there is not enough space). 1
+Class of +securities issued or to be issued
FULLY PAID ORDINARY SHARES
2
Number of +securities issued or to be issued (if known) or maximum number which may be issued
1,730,083
3
Principal terms of the +securities (eg, if options, exercise price and expiry date; if partly paid +securities, the amount outstanding and due dates for payment; if +convertible securities, the conversion price and dates for conversion)
ORDINARY FULLY PAID SECURITIES
4
Do the +securities rank equally in all respects from the date of allotment with an existing +class of quoted +securities?
If the additional securities do not rank equally, please state:
• the date from which they do
• the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment
• the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment
YES
5
Issue price or consideration
$0.10 (10 CENTS)
6 Purpose of the issue
(If issued as consideration for the acquisition of assets, clearly identify those assets) ORDINARY SHARE ISSUE PURSUANT
TO THE EXERCISING OF MPOOA LISTED OPTIONS BY OPTION HOLDERS WITH AN EXERCISE PRICE OF $0.10 (10 CENTS) AND AN EXPIRY DATE OF
30-06-2007.
7 Dates of entering +securities into uncertificated holdings or despatch of certificates 25 MAY 2007
Number +Class
8 Number and +class of all +securities quoted on ASX (including the securities in clause 2 if applicable)
618,927,769
120,750,539
FULLY PAID ORDINARY SHARES (MPO)
Options @ $0.10 expiring
30-06-2007 (MPOOA)
Number
+Class
9
Number and +class of all +securities not quoted on ASX (including the securities in clause 2 if applicable)
1,000,000
Management Incentive Options
@ $0.05 expiring
30-04-2008 (MPOAZ)
1,000,000
Management Incentive Options
@ $0.10 expiring
30-04-2008 (MPOAZ)
5,500,000
Management Incentive Options
@ $0.05 expiring
06-11-2009 (MPOAI)
500,000
Management Incentive Options
@ $0.075 expiring
10-07-2011 (MPOAM)
5,500,000
Management Incentive Options
@ $0.075 expiring
06-11-2011 (MPOAK)
10
Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests)
AS FOR CURRENT ORDINARY SHARES
Part 2 - Bonus issue or pro rata issue 11
Is security holder approval required?
12
Is the issue renounceable or non-renounceable?
13
Ratio in which the +securities will be offered
14
+Class of +securities to which the offer relates
15
+Record date to determine entitlements
16
Will holdings on different registers (or subregisters) be aggregated for calculating entitlements?
17
Policy for deciding entitlements in relation to fractions
18
Names of countries in which the entity has +security holders who will not be sent new issue documents
Note: Security holders must be told how their entitlements are to be dealt with.
Cross reference: rule 7.7.
19
Closing date for receipt of acceptances or renunciations
20
Names of any underwriters
21
Amount of any underwriting fee or commission
22
Names of any brokers to the issue
23
Fee or commission payable to the broker to the issue
24
Amount of any handling fee payable to brokers who lodge acceptances or renunciations on behalf of +security holders
25
If the issue is contingent on +security holders’ approval, the date of the meeting
26
Date entitlement and acceptance form and prospectus or Product Disclosure Statement will be sent to persons entitled
27
If the entity has issued options, and the terms entitle option holders to participate on exercise, the date on which notices will be sent to option holders
28
Date rights trading will begin (if applicable)
29
Date rights trading will end (if applicable)
30
How do +security holders sell their entitlements in full through a broker?
31
How do +security holders sell part of their entitlements through a broker and accept for the balance?
32
How do +security holders dispose of their entitlements (except by sale through a broker)?
33
+Despatch date
Part 3 - Quotation of securities
You need only complete this section if you are applying for quotation of securities 34
Type of securities (tick one)
(a)
Securities described in Part 1
(b)
√
All other securities
Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities
Entities that have ticked box 34(a)
Additional securities forming a new class of securities
Tick to indicate you are providing the information or documents
35
If the +securities are +equity securities, the names of the 20 largest holders of the additional +securities, and the number and percentage of additional +securities held by those holders
36
If the +securities are +equity securities, a distribution schedule of the additional +securities setting out the number of holders in the categories
1 - 1,000
1,001 - 5,000
5,001 - 10,000
10,001 - 100,000
100,001 and over
37
A copy of any trust deed for the additional +securities
Entities that have ticked box 34(b) 38
Number of securities for which +quotation is sought
1,730,083
39
Class of +securities for which quotation is sought
FULLY PAID ORDINARY SHARES
40
Do the +securities rank equally in all respects from the date of allotment with an existing +class of quoted +securities?
If the additional securities do not rank equally, please state:
• the date from which they do
• the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment
• the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment
YES
41
Reason for request for quotation now
Example: In the case of restricted securities, end of restriction period
(if issued upon conversion of another security, clearly identify that other security)
EXERCISING OF MPOOA LISTED OPTIONS BY OPTION HOLDERS WITH AN EXERCISE PRICE OF $0.10 (10 CENTS) AND AN EXPIRY DATE OF 30-06-2007.
Number
+Class
42
Number and +class of all +securities quoted on ASX (including the securities in clause 38)
618,927,769
120,750,539
FULLY PAID ORDINARY SHARES (MPO)
Options @ $0.10 expiring
30-06-2007 (MPOOA)
Quotation Agreement
1.+Quotation of our additional +securities is in ASX’s absolute discretion. ASX may quote the securities on any conditions it decides.
2. We warrant the following to ASX.
• The issue of the +securities to be quoted complies with the law and is not for an illegal purpose.
• There is no reason why those +securities should not be granted +quotation.
• An offer of the +securities for sale within 12 months after their issue will not require disclosure under section 707(3) or section 1012C(6) of the Corporations Act.
Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty
• Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any +securities to be quoted and that no-one has any right to return any +securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the +securities be quoted.
• If we are a trust, we warrant that no person has the right to return the +securities to be quoted under section 1019B of the Corporations Act at the time that we request that the +securities be quoted.
3. We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement.
4. We give ASX the information and documents required by this form. If any information or document not available now, will give it to ASX before +quotation of the +securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete.
Sign here:
Date: 31 MAY 2007
(Chief Financial Officer)
Print name:
RIC SOTELO
29th May 2007
Updated Gas Recovery Estimate in Liu Lin, China Project
Further to Fortune Oil PLC’s previously announced volumetric update (29th January 2007), Molopo has completed
its internal review of the recent Shanxi Coal Bureau study of the Liulin CBM Block and recent exploration well results.
As a consequence, Molopo has increased its most likely Gas in Place (GIP) estimate to 1.2 trillion standard cubic feet (Tscf) from its previous estimate of 0.7-0.8Tscf.
Recovery expectations for the block have now trebled. Vertical fracced well development methods would have been expected to only recover some 30% to 40% of the previous GIP or approximately 0.2-0.3Tscf. Horizontal well-based development methods already employed by Molopo and other operators in Australia and now being introduced to China,
can be expected to recover some 50% to 70% of the GIP or approximately 0.6-0.9Tscf, which is triple previous Molopo expectations.
China represents a significant development opportunity for Molopo given the higher gas prices obtained for onshore production and the significantly increasing demand for gas and other energy sources. Gas prices in China are currently 50% to 75% higher than Australia, and are expected to continue to increase in coming years.
Fortune Oil and Molopo recently finalised the transaction for the Liu Lin Project. Molopo’s share of the area after the CUCBM back-in rights will be 20%, equating to a most likely resource potential of approximately 150 billion standard
cubic feet.
Current activities are focused on further delineation of the block and securing reserves certification from the PRC authorities before March 2008 and subsequent development commitment. Currently two vertical wells are on test
in their dewatering stage, and a further three exploration core holes are being planned along with consideration of a horizontal pilot programme.
Issued by:
Molopo Australia Ltd
For further information contact:
Ric Sotelo CFO
03 9618 8722
Or
Stephen Mitchell
03 9618 8722
Top
--------------------------------------------------------------------------------
9th May 2007
Molopo in South African Gas Expansion
Molopo Australia Limited (ASX - MPO) wishes to announce that it has expanded its petroleum interests
into South Africa. Exploration rights covering 250,000 hectares have been granted to Highland Exploration
and Production (Pty) Ltd (Highland), a joint venture company owned 50% by Molopo, in partnership with
Dallas-based Foree International LLC.
At a signing ceremony in Cape Town on May 8, 2007, the Petroleum Agency of South Africa (PASA)
issued Highland the rights over known gas-bearing areas in Mpumalanga and Free State Provinces.
The Joint Venture’s focus is on areas containing active and historically recorded gas flows from mineral exploration boreholes in the Free State gold fields, south of Welkom, and in the Evander gold field, southeast of Johannesburg
in Mpumalanga Province. These gas flows correspond with areas of deeper mining activities for gold and
coal conducted by Gold Fields, Harmony, Ingwe (BHP) and Sasol, as well as extensive private farm lands.
Cooperation agreements are in place with the major leaseholders.
In the Free State, in areas where exploration rights have been granted, Molopo personnel have measured
combined gas flows of over 1.5 million cubic feet per day from six boreholes. In these areas, Molopo is targeting
mineral exploration boreholes that have reportedly been emitting gas to surface over many decades.
The Evander area in Mpumalanga Province is also centred on a number of historical gas flows, some of which
are reported to have flowed gas at rates of up to 2.5 million cubic feet a day.
Many of the gas flows mentioned above appear to be associated with deep crustal fractures and associated
igneous intrusions, which are thought to provide an upward migration route for gas.
Samples taken in both the Free State gold fields and in the Evander gold field had methane contents exceeding
90 percent, with helium as a potentially valuable accessory.
A Molopo team is currently in South Africa to develop a detailed work program and negotiate with
Black Empowerment Enterprise candidates following execution of permit agreements. The work program will
commence with soil-gas geochemical sampling and analysis, coupled with a magnetometer survey, with
the intention of identifying gas-prone trends for drilling. Metal detection techniques will be used to locate
old boreholes that reportedly were capped and buried because of dangerous rates of gas emission, and
the Company will assess the possibility of opening or re-drilling these wells.
Marketing and gas-utilization studies will be undertaken concurrently with the technical work program, with
a view to evaluating the optimal development, processing and sales options that may be available to Molopo
if the Company is successful in proving up the required volumes.
Apart from the 7 exploration rights granted on May 8th, a subsequent application for a further 90,000 hectares
was submitted by Highland in December, 2006, and is still being processed by PASA.
In addition, under a separate application by Gold Fields SA (Pty) Ltd, the gas exploration rights are to be ceded
to Highland after the award is made. This Gold Fields application area is highly prospective, with active gas flows
from gold exploration holes and underground mining activities at Beatrix and an adjacent diamond mine, all covered
by Highland’s applications.
“Our petroleum permits and applications cover natural gas exploration over large, carefully selected areas
in South Africa, where gas flows have been recorded from mining activities” Molopo’s Managing Director,
Stephen Mitchell, said today.
Both of the Mpumalanga and Free State awards lie within the Karoo Basin, which is geologically analogous
to the Sydney-Bowen Basin in Australia, where Molopo has considerable experience in exploring for and
producing coal seam gas. Unlike Molopo’s Australian operations, which require stimulation and dewatering,
gas flows freely to surface in South Africa.
Dr David Hobday, Molopo’s South African expert, states that “methane gas is well documented in
Witwatersrand gold workings at Beatrix and elsewhere”.
“The uppermost 400-550m is Karoo, which is generally equivalent to the coal-bearing Permian age strata
in the Australian gas-producing Cooper and Sydney-Bowen Basins. In addition to the Karoo coals and shales
which may have generated gas, Molopo believes it is likely that the gas at Beatrix and elsewhere in South Africa
may be of dual origin, both from the Karoo coal measures as well as the deep, older strata where it is shown
to be of microbial origin.” Dr Hobday said.
Given that methane is venting to the atmosphere, it is quite possible that carbon credits could add significant value
to any gas sales from boreholes currently emitting gas.
Molopo has coal seam gas production in Queensland and extensive gas exploration projects in New South Wales,
China and the USA. The newly acquired South African gas exploration assets complement Molopo’s
existing interests.
Issued by:
Molopo Australia Ltd
For further information contact:
Stephen Mitchell MD
03 9618-8722
Ric Sotelo CFO
03 9618-8722
Top
--------------------------------------------------------------------------------
30 April 2007
Expiry of Options
Molopo Australia Limited (ASX: MPO) announces the expiry of 500,000 management incentive options. These options
had an expiry date of 30 April 2007 and an exercise price of $0.10. A further 500,000 management incentive options
also with an expiry date of 30 April 2007 and an exercise price of $0.05 have today been exercised by the option holder.
Yours faithfully,
Ric Sotelo,
Chief Financial Officer.
Issued by:
Molopo Australia Ltd
For further information contact:
Stephen Mitchell MD
03 9618-8722
Top
--------------------------------------------------------------------------------
23 April 2007
Drilling Starts in Next Phase of Gloucester Basin Appraisal Programme
Drilling has commenced on the first of 4 exploration holes planned as part of the previously announced expanded
Phase II Gloucester Basin appraisal programme.
Part cored exploration hole “Weismantel 01” spudded recently to assess the coal bed methane (“CBM”) potential
in the southern portion of the Gloucester Basin in PEL 285. The current progress depth is 24 m with a proposed
total depth of 730 m. The hole is designed to test depth, thickness, coal and gas characteristics of the thick
Weismantel and Clareval coal seams in the Dewrang Group, which occur at shallow depths in this portion
of the Gloucester Basin. The coal seams are up to 12 m thick each and are yet to be subjected to CBM appraisal
in the permit area. The sequence to be drilled underlies the highly prospective Gloucester Coal measures to the north.
Subject to results from the initial four exploration holes, the Phase II programme will involve appraisal expenditure
of approximately $13million to $15million over the next 18 months, based on a total of 13 cored wells, 3 separate production pilots of possibly 5 wells each, additional aeromagnetic work and seismic.
The Gloucester Basin permit is located approximately 100km north of Newcastle, where gas prices are expected
to exceed other major east coast markets such as Sydney and Brisbane. The permit covers an area of 1,050 km2,
with over 200km2 of prospective coal measure sequence.
Molopo has a 30% interest in the permit. Its joint venture partner in the Gloucester project
is Lucas Coal Seam Gas Pty Ltd (70%) (“Lucas”), which is also the project’s Operator.
Issued by:
Molopo Australia Ltd
For further information contact:
Stephen Mitchell MD
03 9618-8722
Ric Sotelo CFO
03 9618-8722
Top
--------------------------------------------------------------------------------
19 April 2007
Update on China Project
Molopo Australia Limited wishes to announce that the transaction in relation to the transfer of
its coal bed methane (“CBM”) interest in the Liu Lin CBM block, Shanxi Province, China to a joint venture company, Fortune Liulin Gas Company Limited (“FLG”), has been finalised.
Fortune Oil has funded the latest work at Liulin, including two new production test wells. Recently,
FLG commenced pilot production at the EP1 and EP2 CBM wells in Liulin Block. Both wells have been
hydraulically fracture stimulated to target coal seam number 8/9. They are now producing small
controlled amounts of water; the dewatering phase for the CBM wells is expected to last several months
before gas production commences.
Coring sample results for EP1 and EP2 were positive. The total coal thickness for the three major coal seams
was 11.4 metres for EP1 and 8.9 metres for EP2, and the gas content averaged 9 cubic metres per tonne,
as measured by gas desorption testing. Injection/falloff testing of permeability, an indicator of potential gas
recovery rate, also gave encouraging results.
In order to meet the PRC’s latest regulations for certification of gas reserves, FLG is now planning to drill
three CBM data wells for analysis of permeability and desorbed gas content in each major seam.
Molopo’s Managing Director, Mr Stephen Mitchell, said “the Liu Lin CBM project will benefit from Molopo’s
recently enhanced CBM team, following the transfer of the BHP Billiton CBM team to Molopo, as announced
on 11th April, 2007, combined with the downstream gas expertise in China of the Fortune Oil Group”.
FLG is 60% owned by Fortune Green Energy Limited, a wholly-owned subsidiary of Fortune Oil PLC,
and 40% owned by Molopo.
Please refer below to the announcement by Fortune Oil PLC.
Issued by:
Molopo Australia Ltd
For further information contact:
Stephen Mitchell MD
03 9618-8722
Ric Sotelo CFO
03 9618-8722
Top
--------------------------------------------------------------------------------
11 April 2007
Molopo Completes Acquisition of BHP CBM Team
Molopo Australia Limited (ASX: MPO) has completed its initial phase of re-staffing to support its ongoing
growth strategy with the further addition of three key members of the ex-BHP coalbed methane (“CBM”) Team.
Ross Naumann, Simon Horan and Ian Gorman have all joined Molopo on a permanent basis adding to the skills
already acquired by Molopo with the engagement of Bob Motta (Senior Petroleum Engineer) and Glenn Wormald
(Senior Production Geoscientist) earlier in the year.
Ross Naumann joins Molopo as its Drilling Manager. Ross is a Professional Petroleum Engineer with over
twenty years experience in Australia and Asia. He has expertise in well drilling, completion, intervention and
stimulation in both conventional hydrocarbon and CBM Industries. Fourteen years as Drilling Manager at OCA/Origin playing a key role in the development of CBM business for OCA and Queensland in general. Three years as Drilling Manager with BHPB’s CBM Business unit responsible for the drilling activities associated within Australian, US
and China activities and for the development of specialised capability including Tight Radius coal drilling techniques.
Simon Horan joins Molopo as a Senior Production Geoscientist. He is a Petroleum Geologist with 23 years
experience in Conventional Oil and Gas, Fractured Reservoirs, Coal Bed Methane and Coal Mine Methane.
He has worked on projects throughout Australia, New Zealand, Papua New Guinea, China and the USA. He brings considerable experience in well geological planning and wellsite supervision. He had over four years experience in
CBM and CMM at BHP including direct responsibility for China, NSW and Queensland projects.
Ian Gorman joins Molopo as an Executive Director and Chief Operating Officer. The previous Head of BHPB’s
Global CBM technical team, Mr Ian Gorman joined Molopo in November 2006 as a non-executive director.
Mr Gorman had been with BHP Petroleum for 19 years where he has worked on a variety of major international
petroleum projects and more particularly, on CBM operations in Australia, China and North America. Prior to BHP,
Ian had 7 years experience with Shell International in Oil, Gas and LNG projects around the world. He moves to an Executive Director position on the Molopo Board consistent with his new role as COO.
Molopo’s Managing Director, Stephen Mitchell, said, “The appointment of Mr Naumann and Mr Horan, and
the transition of Mr. Gorman to Executive Director, further strengthens Molopo’s technical and operational
capabilities. Combined with the recent appointments of Mr Motta and Mr Wormald, Molopo has now built
the core technical capabilities necessary to further develop and appraise our extensive portfolio. We are
delighted to be able to attract such high calibre people from the internationally recognised BHPB team.”
Issued by:
Molopo Australia Ltd
For further information contact:
Stephen Mitchell MD 03 9618-8722
Top
--------------------------------------------------------------------------------
8 March 2007
Molopo Gloucester Basin Pilot Appraisal and Exploration Programme
Molopo Australia Limited announces an expanded Phase II Gloucester Basin appraisal programme, recently approved
by the Molopo/Lucas Gloucester JV. The programme has been designed to establish reserves across
the Gloucester Basin and to ascertain production capabilities prior to a development decision.
Key fixed programme activities include a 5 well pilot production programme, a four hole exploration
drilling programme, aeromagnetic work and seismic reprocessing. The initial production pilot will be located
around the Stratford Prospect, comprising four new wells and an existing production evaluation well LMG03.
The Stratford Prospect is geologically well defined by nine cored CBM wells within the Gloucester Coal Measures
which identified an estimated 90petajoules of gas in-place within its 5km2 area. Early and unstablised flow rates
from LMG03 of 650,000scf/d have given Molopo early encouragement as to the production potential of the region.
Based on results from the programme above, Phase II may eventually comprise a total of 12 cored wells,
3 separate production pilots of possibly 5 wells each, additional aeromagnetic work and seismic that will involve
capital spending of approximately $13million to $15million over the next 18 months.
The new exploration drilling programme will further assess the CBM potential in the northern, central
and southern portions of the Basin.
The Gloucester Basin permit is located approximately 100km north of Newcastle, where gas prices are expected
to exceed other major east coast markets such as Sydney and Brisbane. The permit covers an area of 1,050 km2,
with over 200km2 of prospective coal measure sequence.
Molopo has a 30% interest in the permit. Molopo’s joint venture partner in the Gloucester project is Lucas Coal Seam
Gas Pty Ltd (70%) (“Lucas”), which is also the project’s Operator. Lucas recently announced that it has established
a separate CBM team, based in Melbourne.
Issued by:
Molopo Australia Ltd
For further information contact:
Ric Sotelo CFO
03 9618 8722
or
Stephen Mitchell
03 9618 8722
Top
--------------------------------------------------------------------------------
14 February 2007
Molopo Further Strengthens Cbm Team
Molopo Australia Limited (ASX: MPO) has further strengthened its Coalbed Methane (“CBM”) technical capabilities
with the appointment of two additional petroleum experts previously with BHP Billiton Limited’s (BHP) CBM team.
The first of these appointments, Mr. Robert Motta, has joined Molopo as Senior Petroleum Engineer. Mr Motta
has worked with BHP for the last 12 years and has spent the last three of those years in the CBM Asset Team.
Before joining BHP, Mr. Motta spent seven years working for Esso, and eight years for Santos.
Mr Glen Wormald has joined the Molopo CBM team as Senior Geologist. Mr Wormald is a petroleum geoscientist
with 28 years experience in wellsite, exploration, operations, development and petrophysics roles. He has spent the previous 25 years with BHP, the last 2 years of which were devoted to CBM exploration and development in Australia, China and North America. Prior to that, Mr Wormald specialised in petrophysical operations and field studies
on clastic and carbonate reservoirs in Australia, Asia, Middle East and Africa. He has held many senior roles
at BHP including Exploration Manager Bass Strait and New Zealand.
Head of BHP’s Global CBM technical team, Mr Ian Gorman, joined Molopo in November 2006 as a
non-executive director. Mr Gorman has been with BHP Petroleum for 18 years where he has worked
on a variety of major international petroleum projects and more particularly, on CBM operations in Australia,
China and North America. Prior to heading BHP’s Global CBM technical team, Mr. Gorman held numerous
senior positions within BHP including Manager of petroleum engineering in Melbourne and London
as well as Producing Fields Manager for the Australia/Asia region.
Molopo’s Managing Director, Stephen Mitchell, said, “The appointment of Mr Motta and Mr Wormald
further strengthens Molopo’s technical capabilities as we gear up for the next phase of our development
and appraisal programmes. Molopo has substantial gas projects in Queensland, New South Wales
and China, where significant gas resources have been established. Alongside Ian Gorman, our new
technical team will play an essential role in helping us deliver on our operational objectives of
expanded production and reserves”.
Issued by:
Molopo Australia Ltd
For further information contact:
Ric Sotelo CFO
03 9618 8722
or
Stephen Mitchell
03 9618 8722
Top
--------------------------------------------------------------------------------
5th February 2007
Molopo to Test Gas Shows at U.S. Shallow Conventional Gas Project
Gas shows have been encountered in the recently drilled Shannon Neal #1 well in the Pennsylvania Allegheny
sandstones in Mason County, West Virginia. The well was drilled and cased to a total depth of 306 metres.
From gas shows recorded while drilling with air, and subsequent analysis of the open hole logs, Molopo
has identified three zones in the Shannon Neal #1 well worthy of further evaluation by testing. These three zones,
which have a total thickness of 10 metres, will be perforated and tested to determine the economics of the well.
The testing equipment will be mobilised over the coming weeks.
These zones are representative of thicker potential gas zones identified on logs and have been selected
where there is a high probability of producing gas. The results from testing each zone will assist in
a final interpretation of the well’s capability to produce gas and the total amount of gas pay, if any,
which may be assigned to this well.
Molopo holds a 50% working interest in 5,700 gross acres of conventional gas rights with joint venture
participants Foree International LLC (25%) and Republic Energy (25%), both headquartered in Dallas, Texas.
Issued by:
Molopo Australia Ltd
For further information contact:
Ric Sotelo CFO
03 9618 8722
or
Stephen Mitchell MD
03 9618 8722
Top
--------------------------------------------------------------------------------
25 January 2007
Molopo Commences Drilling on U.S. Shallow Conventional Gas Project
Drilling has commenced on the first of three planned shallow conventional gas wells at Molopo's gas project
in Mason County, West Virginia.
Shannon Neal #1 will be drilled to a depth of 305 metres and is situated in close proximity to the Neal #1 cored well,
drilled in 2005. Interpretations from those early well logs indicate gas-bearing intervals with high porosity
between 113m and 117m, 123m and 151m, and 161 and 169m. Similar Allegheny channel-fill sandstones
produce gas in adjoining Meigs County, directly across the Ohio River from Mason County.
Logging and testing will assess possible gas shows. Subject to the results of Shannon Neal #1,
the joint venture partners will decide whether to drill the two additional wells whilst the existing drilling rig is on site.
Molopo holds a 50% working interest in 5,700 gross acres of conventional gas rights with joint venture
participants Foree International LLC (25%) and Republic Energy (25%). Foree Oil Company of Dallas, Texas,
is the operator and an independent oil and gas company with production and exploration projects
in the Northeast USA and South Africa. The permits for conventional gas are held in addition to
the Company’s rights to CBM and Shale gas rights in the area.
The Mason County project is part of Molopo’s international diversification into the US, China
and South African markets. These complement the Australian producing and exploration interests
in Queensland and New South Wales.
Issued by:
Molopo Australia Ltd
For further information contact:
Ric Sotelo CFO
9618 8722 / 0412 432 887
or
Stephen Mitchell
03 9618 8722 / 0409 589 144
Top
--------------------------------------------------------------------------------
23 January 2007
Drilling Commences At Liulin Cbm Project In China
Please refer to the attached London Stock Exchange release by Fortune Oil PLC (“Fortune”),
which announces the completion of drilling of two pilot production wells for coalbed methane
(“CBM”) in the Liulin block, Shanxi Province.
Drilling has confirmed the presence of thick coal seams which are expected to be fracture
stimulated in February 2007. Exploration production well EP2 was drilled to a total depth
of 1,166 metres and EP1 to 615 metres. Both wells are located in the north central sector of the block,
with the target seams for CBM production at EP2 and EP1 having thicknesses of 7.4 metres
and 5.4 metres respectively.
The transaction with Fortune Oil PLC, in which they may earn up to 60% interest in the project
from Molopo via a new joint venture company with the expenditure of US$2.5million, awaits
final documentation to reach completion. The current work programme is being financed by Fortune.
Issued by:
Molopo Australia Ltd
For further information contact:
Ric Sotelo CFO
03 9618 8722 / 0412 432 887
or
Stephen Mitchell
03 9618 8722 / 0409 589 144
Top
--------------------------------------------------------------------------------
14 January 2007
(ASX Code: MPO)
Molopo Completes Placement
Molopo Australia Limited announces that it has placed 65.85million shares at $0.041 per share, to raise
approximately $2.7million from a small number of sophisticated and professional investors. The funds
will be received and shares allotted early next week.
The funds raised from the Placement supplement last month’s Share Purchase Plan and the proceeds
will contribute to the following:
Horizontal production well program in the Mungi field. This is aimed at both increasing cash flow
and testing and refining the design of new horizontal wells;
Completion of Queensland based production test wells at the Harcourt / Bindaree Field
and the Timmy Field;
Resumption of production testing at Gloucester in NSW, including additional cored and
production wells;
Production testing of vertical wells and at least one horizontal well in Liulin, Shanxi Province, China;
Exploration and appraisal of new projects in South Africa, subject to the approval of license
applications in areas in South Africa where gas is currently “blowing” from old mining core holes;
A production test well in the shallow sandstones of the West Virginia gas project in the USA; and
General working capital
Yours faithfully,
Ric Sotelo
Chief Financial Officer
Updated Gas Recovery Estimate in Liu Lin, China Project
Further to Fortune Oil PLC’s previously announced volumetric update (29th January 2007), Molopo has completed
its internal review of the recent Shanxi Coal Bureau study of the Liulin CBM Block and recent exploration well results.
As a consequence, Molopo has increased its most likely Gas in Place (GIP) estimate to 1.2 trillion standard cubic feet (Tscf) from its previous estimate of 0.7-0.8Tscf.
Recovery expectations for the block have now trebled. Vertical fracced well development methods would have been expected to only recover some 30% to 40% of the previous GIP or approximately 0.2-0.3Tscf. Horizontal well-based development methods already employed by Molopo and other operators in Australia and now being introduced to China,
can be expected to recover some 50% to 70% of the GIP or approximately 0.6-0.9Tscf, which is triple previous Molopo expectations.
China represents a significant development opportunity for Molopo given the higher gas prices obtained for onshore production and the significantly increasing demand for gas and other energy sources. Gas prices in China are currently 50% to 75% higher than Australia, and are expected to continue to increase in coming years.
Fortune Oil and Molopo recently finalised the transaction for the Liu Lin Project. Molopo’s share of the area after the CUCBM back-in rights will be 20%, equating to a most likely resource potential of approximately 150 billion standard
cubic feet.
Current activities are focused on further delineation of the block and securing reserves certification from the PRC authorities before March 2008 and subsequent development commitment. Currently two vertical wells are on test
in their dewatering stage, and a further three exploration core holes are being planned along with consideration of a horizontal pilot programme.
Issued by:
Molopo Australia Ltd
For further information contact:
Ric Sotelo CFO
03 9618 8722
Or
Stephen Mitchell
03 9618 8722
Top
--------------------------------------------------------------------------------
9th May 2007
Molopo in South African Gas Expansion
Molopo Australia Limited (ASX - MPO) wishes to announce that it has expanded its petroleum interests
into South Africa. Exploration rights covering 250,000 hectares have been granted to Highland Exploration
and Production (Pty) Ltd (Highland), a joint venture company owned 50% by Molopo, in partnership with
Dallas-based Foree International LLC.
At a signing ceremony in Cape Town on May 8, 2007, the Petroleum Agency of South Africa (PASA)
issued Highland the rights over known gas-bearing areas in Mpumalanga and Free State Provinces.
The Joint Venture’s focus is on areas containing active and historically recorded gas flows from mineral exploration boreholes in the Free State gold fields, south of Welkom, and in the Evander gold field, southeast of Johannesburg
in Mpumalanga Province. These gas flows correspond with areas of deeper mining activities for gold and
coal conducted by Gold Fields, Harmony, Ingwe (BHP) and Sasol, as well as extensive private farm lands.
Cooperation agreements are in place with the major leaseholders.
In the Free State, in areas where exploration rights have been granted, Molopo personnel have measured
combined gas flows of over 1.5 million cubic feet per day from six boreholes. In these areas, Molopo is targeting
mineral exploration boreholes that have reportedly been emitting gas to surface over many decades.
The Evander area in Mpumalanga Province is also centred on a number of historical gas flows, some of which
are reported to have flowed gas at rates of up to 2.5 million cubic feet a day.
Many of the gas flows mentioned above appear to be associated with deep crustal fractures and associated
igneous intrusions, which are thought to provide an upward migration route for gas.
Samples taken in both the Free State gold fields and in the Evander gold field had methane contents exceeding
90 percent, with helium as a potentially valuable accessory.
A Molopo team is currently in South Africa to develop a detailed work program and negotiate with
Black Empowerment Enterprise candidates following execution of permit agreements. The work program will
commence with soil-gas geochemical sampling and analysis, coupled with a magnetometer survey, with
the intention of identifying gas-prone trends for drilling. Metal detection techniques will be used to locate
old boreholes that reportedly were capped and buried because of dangerous rates of gas emission, and
the Company will assess the possibility of opening or re-drilling these wells.
Marketing and gas-utilization studies will be undertaken concurrently with the technical work program, with
a view to evaluating the optimal development, processing and sales options that may be available to Molopo
if the Company is successful in proving up the required volumes.
Apart from the 7 exploration rights granted on May 8th, a subsequent application for a further 90,000 hectares
was submitted by Highland in December, 2006, and is still being processed by PASA.
In addition, under a separate application by Gold Fields SA (Pty) Ltd, the gas exploration rights are to be ceded
to Highland after the award is made. This Gold Fields application area is highly prospective, with active gas flows
from gold exploration holes and underground mining activities at Beatrix and an adjacent diamond mine, all covered
by Highland’s applications.
“Our petroleum permits and applications cover natural gas exploration over large, carefully selected areas
in South Africa, where gas flows have been recorded from mining activities” Molopo’s Managing Director,
Stephen Mitchell, said today.
Both of the Mpumalanga and Free State awards lie within the Karoo Basin, which is geologically analogous
to the Sydney-Bowen Basin in Australia, where Molopo has considerable experience in exploring for and
producing coal seam gas. Unlike Molopo’s Australian operations, which require stimulation and dewatering,
gas flows freely to surface in South Africa.
Dr David Hobday, Molopo’s South African expert, states that “methane gas is well documented in
Witwatersrand gold workings at Beatrix and elsewhere”.
“The uppermost 400-550m is Karoo, which is generally equivalent to the coal-bearing Permian age strata
in the Australian gas-producing Cooper and Sydney-Bowen Basins. In addition to the Karoo coals and shales
which may have generated gas, Molopo believes it is likely that the gas at Beatrix and elsewhere in South Africa
may be of dual origin, both from the Karoo coal measures as well as the deep, older strata where it is shown
to be of microbial origin.” Dr Hobday said.
Given that methane is venting to the atmosphere, it is quite possible that carbon credits could add significant value
to any gas sales from boreholes currently emitting gas.
Molopo has coal seam gas production in Queensland and extensive gas exploration projects in New South Wales,
China and the USA. The newly acquired South African gas exploration assets complement Molopo’s
existing interests.
Issued by:
Molopo Australia Ltd
For further information contact:
Stephen Mitchell MD
03 9618-8722
Ric Sotelo CFO
03 9618-8722
Top
--------------------------------------------------------------------------------
30 April 2007
Expiry of Options
Molopo Australia Limited (ASX: MPO) announces the expiry of 500,000 management incentive options. These options
had an expiry date of 30 April 2007 and an exercise price of $0.10. A further 500,000 management incentive options
also with an expiry date of 30 April 2007 and an exercise price of $0.05 have today been exercised by the option holder.
Yours faithfully,
Ric Sotelo,
Chief Financial Officer.
Issued by:
Molopo Australia Ltd
For further information contact:
Stephen Mitchell MD
03 9618-8722
Top
--------------------------------------------------------------------------------
23 April 2007
Drilling Starts in Next Phase of Gloucester Basin Appraisal Programme
Drilling has commenced on the first of 4 exploration holes planned as part of the previously announced expanded
Phase II Gloucester Basin appraisal programme.
Part cored exploration hole “Weismantel 01” spudded recently to assess the coal bed methane (“CBM”) potential
in the southern portion of the Gloucester Basin in PEL 285. The current progress depth is 24 m with a proposed
total depth of 730 m. The hole is designed to test depth, thickness, coal and gas characteristics of the thick
Weismantel and Clareval coal seams in the Dewrang Group, which occur at shallow depths in this portion
of the Gloucester Basin. The coal seams are up to 12 m thick each and are yet to be subjected to CBM appraisal
in the permit area. The sequence to be drilled underlies the highly prospective Gloucester Coal measures to the north.
Subject to results from the initial four exploration holes, the Phase II programme will involve appraisal expenditure
of approximately $13million to $15million over the next 18 months, based on a total of 13 cored wells, 3 separate production pilots of possibly 5 wells each, additional aeromagnetic work and seismic.
The Gloucester Basin permit is located approximately 100km north of Newcastle, where gas prices are expected
to exceed other major east coast markets such as Sydney and Brisbane. The permit covers an area of 1,050 km2,
with over 200km2 of prospective coal measure sequence.
Molopo has a 30% interest in the permit. Its joint venture partner in the Gloucester project
is Lucas Coal Seam Gas Pty Ltd (70%) (“Lucas”), which is also the project’s Operator.
Issued by:
Molopo Australia Ltd
For further information contact:
Stephen Mitchell MD
03 9618-8722
Ric Sotelo CFO
03 9618-8722
Top
--------------------------------------------------------------------------------
19 April 2007
Update on China Project
Molopo Australia Limited wishes to announce that the transaction in relation to the transfer of
its coal bed methane (“CBM”) interest in the Liu Lin CBM block, Shanxi Province, China to a joint venture company, Fortune Liulin Gas Company Limited (“FLG”), has been finalised.
Fortune Oil has funded the latest work at Liulin, including two new production test wells. Recently,
FLG commenced pilot production at the EP1 and EP2 CBM wells in Liulin Block. Both wells have been
hydraulically fracture stimulated to target coal seam number 8/9. They are now producing small
controlled amounts of water; the dewatering phase for the CBM wells is expected to last several months
before gas production commences.
Coring sample results for EP1 and EP2 were positive. The total coal thickness for the three major coal seams
was 11.4 metres for EP1 and 8.9 metres for EP2, and the gas content averaged 9 cubic metres per tonne,
as measured by gas desorption testing. Injection/falloff testing of permeability, an indicator of potential gas
recovery rate, also gave encouraging results.
In order to meet the PRC’s latest regulations for certification of gas reserves, FLG is now planning to drill
three CBM data wells for analysis of permeability and desorbed gas content in each major seam.
Molopo’s Managing Director, Mr Stephen Mitchell, said “the Liu Lin CBM project will benefit from Molopo’s
recently enhanced CBM team, following the transfer of the BHP Billiton CBM team to Molopo, as announced
on 11th April, 2007, combined with the downstream gas expertise in China of the Fortune Oil Group”.
FLG is 60% owned by Fortune Green Energy Limited, a wholly-owned subsidiary of Fortune Oil PLC,
and 40% owned by Molopo.
Please refer below to the announcement by Fortune Oil PLC.
Issued by:
Molopo Australia Ltd
For further information contact:
Stephen Mitchell MD
03 9618-8722
Ric Sotelo CFO
03 9618-8722
Top
--------------------------------------------------------------------------------
11 April 2007
Molopo Completes Acquisition of BHP CBM Team
Molopo Australia Limited (ASX: MPO) has completed its initial phase of re-staffing to support its ongoing
growth strategy with the further addition of three key members of the ex-BHP coalbed methane (“CBM”) Team.
Ross Naumann, Simon Horan and Ian Gorman have all joined Molopo on a permanent basis adding to the skills
already acquired by Molopo with the engagement of Bob Motta (Senior Petroleum Engineer) and Glenn Wormald
(Senior Production Geoscientist) earlier in the year.
Ross Naumann joins Molopo as its Drilling Manager. Ross is a Professional Petroleum Engineer with over
twenty years experience in Australia and Asia. He has expertise in well drilling, completion, intervention and
stimulation in both conventional hydrocarbon and CBM Industries. Fourteen years as Drilling Manager at OCA/Origin playing a key role in the development of CBM business for OCA and Queensland in general. Three years as Drilling Manager with BHPB’s CBM Business unit responsible for the drilling activities associated within Australian, US
and China activities and for the development of specialised capability including Tight Radius coal drilling techniques.
Simon Horan joins Molopo as a Senior Production Geoscientist. He is a Petroleum Geologist with 23 years
experience in Conventional Oil and Gas, Fractured Reservoirs, Coal Bed Methane and Coal Mine Methane.
He has worked on projects throughout Australia, New Zealand, Papua New Guinea, China and the USA. He brings considerable experience in well geological planning and wellsite supervision. He had over four years experience in
CBM and CMM at BHP including direct responsibility for China, NSW and Queensland projects.
Ian Gorman joins Molopo as an Executive Director and Chief Operating Officer. The previous Head of BHPB’s
Global CBM technical team, Mr Ian Gorman joined Molopo in November 2006 as a non-executive director.
Mr Gorman had been with BHP Petroleum for 19 years where he has worked on a variety of major international
petroleum projects and more particularly, on CBM operations in Australia, China and North America. Prior to BHP,
Ian had 7 years experience with Shell International in Oil, Gas and LNG projects around the world. He moves to an Executive Director position on the Molopo Board consistent with his new role as COO.
Molopo’s Managing Director, Stephen Mitchell, said, “The appointment of Mr Naumann and Mr Horan, and
the transition of Mr. Gorman to Executive Director, further strengthens Molopo’s technical and operational
capabilities. Combined with the recent appointments of Mr Motta and Mr Wormald, Molopo has now built
the core technical capabilities necessary to further develop and appraise our extensive portfolio. We are
delighted to be able to attract such high calibre people from the internationally recognised BHPB team.”
Issued by:
Molopo Australia Ltd
For further information contact:
Stephen Mitchell MD 03 9618-8722
Top
--------------------------------------------------------------------------------
8 March 2007
Molopo Gloucester Basin Pilot Appraisal and Exploration Programme
Molopo Australia Limited announces an expanded Phase II Gloucester Basin appraisal programme, recently approved
by the Molopo/Lucas Gloucester JV. The programme has been designed to establish reserves across
the Gloucester Basin and to ascertain production capabilities prior to a development decision.
Key fixed programme activities include a 5 well pilot production programme, a four hole exploration
drilling programme, aeromagnetic work and seismic reprocessing. The initial production pilot will be located
around the Stratford Prospect, comprising four new wells and an existing production evaluation well LMG03.
The Stratford Prospect is geologically well defined by nine cored CBM wells within the Gloucester Coal Measures
which identified an estimated 90petajoules of gas in-place within its 5km2 area. Early and unstablised flow rates
from LMG03 of 650,000scf/d have given Molopo early encouragement as to the production potential of the region.
Based on results from the programme above, Phase II may eventually comprise a total of 12 cored wells,
3 separate production pilots of possibly 5 wells each, additional aeromagnetic work and seismic that will involve
capital spending of approximately $13million to $15million over the next 18 months.
The new exploration drilling programme will further assess the CBM potential in the northern, central
and southern portions of the Basin.
The Gloucester Basin permit is located approximately 100km north of Newcastle, where gas prices are expected
to exceed other major east coast markets such as Sydney and Brisbane. The permit covers an area of 1,050 km2,
with over 200km2 of prospective coal measure sequence.
Molopo has a 30% interest in the permit. Molopo’s joint venture partner in the Gloucester project is Lucas Coal Seam
Gas Pty Ltd (70%) (“Lucas”), which is also the project’s Operator. Lucas recently announced that it has established
a separate CBM team, based in Melbourne.
Issued by:
Molopo Australia Ltd
For further information contact:
Ric Sotelo CFO
03 9618 8722
or
Stephen Mitchell
03 9618 8722
Top
--------------------------------------------------------------------------------
14 February 2007
Molopo Further Strengthens Cbm Team
Molopo Australia Limited (ASX: MPO) has further strengthened its Coalbed Methane (“CBM”) technical capabilities
with the appointment of two additional petroleum experts previously with BHP Billiton Limited’s (BHP) CBM team.
The first of these appointments, Mr. Robert Motta, has joined Molopo as Senior Petroleum Engineer. Mr Motta
has worked with BHP for the last 12 years and has spent the last three of those years in the CBM Asset Team.
Before joining BHP, Mr. Motta spent seven years working for Esso, and eight years for Santos.
Mr Glen Wormald has joined the Molopo CBM team as Senior Geologist. Mr Wormald is a petroleum geoscientist
with 28 years experience in wellsite, exploration, operations, development and petrophysics roles. He has spent the previous 25 years with BHP, the last 2 years of which were devoted to CBM exploration and development in Australia, China and North America. Prior to that, Mr Wormald specialised in petrophysical operations and field studies
on clastic and carbonate reservoirs in Australia, Asia, Middle East and Africa. He has held many senior roles
at BHP including Exploration Manager Bass Strait and New Zealand.
Head of BHP’s Global CBM technical team, Mr Ian Gorman, joined Molopo in November 2006 as a
non-executive director. Mr Gorman has been with BHP Petroleum for 18 years where he has worked
on a variety of major international petroleum projects and more particularly, on CBM operations in Australia,
China and North America. Prior to heading BHP’s Global CBM technical team, Mr. Gorman held numerous
senior positions within BHP including Manager of petroleum engineering in Melbourne and London
as well as Producing Fields Manager for the Australia/Asia region.
Molopo’s Managing Director, Stephen Mitchell, said, “The appointment of Mr Motta and Mr Wormald
further strengthens Molopo’s technical capabilities as we gear up for the next phase of our development
and appraisal programmes. Molopo has substantial gas projects in Queensland, New South Wales
and China, where significant gas resources have been established. Alongside Ian Gorman, our new
technical team will play an essential role in helping us deliver on our operational objectives of
expanded production and reserves”.
Issued by:
Molopo Australia Ltd
For further information contact:
Ric Sotelo CFO
03 9618 8722
or
Stephen Mitchell
03 9618 8722
Top
--------------------------------------------------------------------------------
5th February 2007
Molopo to Test Gas Shows at U.S. Shallow Conventional Gas Project
Gas shows have been encountered in the recently drilled Shannon Neal #1 well in the Pennsylvania Allegheny
sandstones in Mason County, West Virginia. The well was drilled and cased to a total depth of 306 metres.
From gas shows recorded while drilling with air, and subsequent analysis of the open hole logs, Molopo
has identified three zones in the Shannon Neal #1 well worthy of further evaluation by testing. These three zones,
which have a total thickness of 10 metres, will be perforated and tested to determine the economics of the well.
The testing equipment will be mobilised over the coming weeks.
These zones are representative of thicker potential gas zones identified on logs and have been selected
where there is a high probability of producing gas. The results from testing each zone will assist in
a final interpretation of the well’s capability to produce gas and the total amount of gas pay, if any,
which may be assigned to this well.
Molopo holds a 50% working interest in 5,700 gross acres of conventional gas rights with joint venture
participants Foree International LLC (25%) and Republic Energy (25%), both headquartered in Dallas, Texas.
Issued by:
Molopo Australia Ltd
For further information contact:
Ric Sotelo CFO
03 9618 8722
or
Stephen Mitchell MD
03 9618 8722
Top
--------------------------------------------------------------------------------
25 January 2007
Molopo Commences Drilling on U.S. Shallow Conventional Gas Project
Drilling has commenced on the first of three planned shallow conventional gas wells at Molopo's gas project
in Mason County, West Virginia.
Shannon Neal #1 will be drilled to a depth of 305 metres and is situated in close proximity to the Neal #1 cored well,
drilled in 2005. Interpretations from those early well logs indicate gas-bearing intervals with high porosity
between 113m and 117m, 123m and 151m, and 161 and 169m. Similar Allegheny channel-fill sandstones
produce gas in adjoining Meigs County, directly across the Ohio River from Mason County.
Logging and testing will assess possible gas shows. Subject to the results of Shannon Neal #1,
the joint venture partners will decide whether to drill the two additional wells whilst the existing drilling rig is on site.
Molopo holds a 50% working interest in 5,700 gross acres of conventional gas rights with joint venture
participants Foree International LLC (25%) and Republic Energy (25%). Foree Oil Company of Dallas, Texas,
is the operator and an independent oil and gas company with production and exploration projects
in the Northeast USA and South Africa. The permits for conventional gas are held in addition to
the Company’s rights to CBM and Shale gas rights in the area.
The Mason County project is part of Molopo’s international diversification into the US, China
and South African markets. These complement the Australian producing and exploration interests
in Queensland and New South Wales.
Issued by:
Molopo Australia Ltd
For further information contact:
Ric Sotelo CFO
9618 8722 / 0412 432 887
or
Stephen Mitchell
03 9618 8722 / 0409 589 144
Top
--------------------------------------------------------------------------------
23 January 2007
Drilling Commences At Liulin Cbm Project In China
Please refer to the attached London Stock Exchange release by Fortune Oil PLC (“Fortune”),
which announces the completion of drilling of two pilot production wells for coalbed methane
(“CBM”) in the Liulin block, Shanxi Province.
Drilling has confirmed the presence of thick coal seams which are expected to be fracture
stimulated in February 2007. Exploration production well EP2 was drilled to a total depth
of 1,166 metres and EP1 to 615 metres. Both wells are located in the north central sector of the block,
with the target seams for CBM production at EP2 and EP1 having thicknesses of 7.4 metres
and 5.4 metres respectively.
The transaction with Fortune Oil PLC, in which they may earn up to 60% interest in the project
from Molopo via a new joint venture company with the expenditure of US$2.5million, awaits
final documentation to reach completion. The current work programme is being financed by Fortune.
Issued by:
Molopo Australia Ltd
For further information contact:
Ric Sotelo CFO
03 9618 8722 / 0412 432 887
or
Stephen Mitchell
03 9618 8722 / 0409 589 144
Top
--------------------------------------------------------------------------------
14 January 2007
(ASX Code: MPO)
Molopo Completes Placement
Molopo Australia Limited announces that it has placed 65.85million shares at $0.041 per share, to raise
approximately $2.7million from a small number of sophisticated and professional investors. The funds
will be received and shares allotted early next week.
The funds raised from the Placement supplement last month’s Share Purchase Plan and the proceeds
will contribute to the following:
Horizontal production well program in the Mungi field. This is aimed at both increasing cash flow
and testing and refining the design of new horizontal wells;
Completion of Queensland based production test wells at the Harcourt / Bindaree Field
and the Timmy Field;
Resumption of production testing at Gloucester in NSW, including additional cored and
production wells;
Production testing of vertical wells and at least one horizontal well in Liulin, Shanxi Province, China;
Exploration and appraisal of new projects in South Africa, subject to the approval of license
applications in areas in South Africa where gas is currently “blowing” from old mining core holes;
A production test well in the shallow sandstones of the West Virginia gas project in the USA; and
General working capital
Yours faithfully,
Ric Sotelo
Chief Financial Officer
http://isht.comdirect.de/charts/big.chart?hist=6m&type=CONNE…
offensichtlich wird hier versucht, eine schon extrem gut gelaufene Aktie unters Volk zu bringen!
Kiefernberg, in Australien wirds noch anders gesehen.
Siehe:
http://hotcopper.com.au/
Abgesehen davon, hat eines dieser Blättchen (newsletter) hier in Deutschland MPO überhaupt schon entdeckt?
Abgesehen davon laufen auch andere CBM Firmen ganz gut wie z.B.
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?s…
MPO hoffe ich wird noch in den $ Bereich steigen, weil die Assets mit Zukunft haben. Und diese Reserven werden teuer bezahlt werden müssen, wenn jemand diese eines Tages kaufen möchte.
Siehe:
http://hotcopper.com.au/
Abgesehen davon, hat eines dieser Blättchen (newsletter) hier in Deutschland MPO überhaupt schon entdeckt?
Abgesehen davon laufen auch andere CBM Firmen ganz gut wie z.B.
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?s…
MPO hoffe ich wird noch in den $ Bereich steigen, weil die Assets mit Zukunft haben. Und diese Reserven werden teuer bezahlt werden müssen, wenn jemand diese eines Tages kaufen möchte.
der Anstieg von 0,15 auf 0,30 war heiß und verursacht jetzt die Korrektur
Die Zukunft wird`s zeigen
Die Zukunft wird`s zeigen
Die große Credit Suisses hat die kleine MPO auf dem Radar!
Climate Change
More than just politics
¡ Climate change has become a ehot topicf. According to the Australian Greenhouse Office, 93% of the population are aware of climate change and 86% of Australians believe that action should be taken to reduce emissions.
¡ The evidence to date strongly suggests to us that the climate change is caused by increased concentration of greenhouse gasses (CO2 being the main one) resulting from human activity, mainly burning of fossil fuels and deforestation.
¡ The world can do one or more of the following three things: change the way we generate energy (supply side), change the way we use energy (demand side) and adapt to climate change. All of these things have costs associated with them and it is up to each country to choose their own way to tackle the problem, based on their own cost analysis.
¡ The Australian Government has decided to head down the emission targeting and carbon trading path. The cost of such a scheme to Australia will depend on emission targets; the lower the target, the higher the cost.
¡ An emission target schedule has not yet been set, but we do expect that the price of energy will rise and we should start thinking about companies affected by these upcoming changes.
¡ The value of companies producing most energy per unit of carbon should rise, depending on the price of carbon, in our view. Some examples of affected companies in the energy industry: gas (AGK, ORG, MPO, QGC, AOE), nuclear (PDN, ERA), wind (BBW), biofuel (ARW, NFL, ABJ) and solar.
¡ We note the same impact on companies that produce energy-saving technologies such as low(er) emission cars, engines, electric motors, generators, carbon filters, LED lights, gallium, insulation products. There are very few listed plays on this theme in Australia, but there are plenty globally. Some Australian examples are CSR, BLG, CFU and SLX.
¡ The cost will likely be borne mainly by households and to a lesser degree businesses. As the price of energy rises over time, energy-intensive users will be hit the hardest. At $20/ton of CO2, we estimate the cost to Australia will be around A$6bn or about 0.6% of GDP per annum.
¡ This may also have some impact on inflation in the medium term, in our view. According to RBAfs model, if energy prices rise by 10% per annum over the next five years, the headline inflation would rise by 0.5%. Would believe that there would be some pass through to core CPI and potential implication on rates.
Climate Change
More than just politics
¡ Climate change has become a ehot topicf. According to the Australian Greenhouse Office, 93% of the population are aware of climate change and 86% of Australians believe that action should be taken to reduce emissions.
¡ The evidence to date strongly suggests to us that the climate change is caused by increased concentration of greenhouse gasses (CO2 being the main one) resulting from human activity, mainly burning of fossil fuels and deforestation.
¡ The world can do one or more of the following three things: change the way we generate energy (supply side), change the way we use energy (demand side) and adapt to climate change. All of these things have costs associated with them and it is up to each country to choose their own way to tackle the problem, based on their own cost analysis.
¡ The Australian Government has decided to head down the emission targeting and carbon trading path. The cost of such a scheme to Australia will depend on emission targets; the lower the target, the higher the cost.
¡ An emission target schedule has not yet been set, but we do expect that the price of energy will rise and we should start thinking about companies affected by these upcoming changes.
¡ The value of companies producing most energy per unit of carbon should rise, depending on the price of carbon, in our view. Some examples of affected companies in the energy industry: gas (AGK, ORG, MPO, QGC, AOE), nuclear (PDN, ERA), wind (BBW), biofuel (ARW, NFL, ABJ) and solar.
¡ We note the same impact on companies that produce energy-saving technologies such as low(er) emission cars, engines, electric motors, generators, carbon filters, LED lights, gallium, insulation products. There are very few listed plays on this theme in Australia, but there are plenty globally. Some Australian examples are CSR, BLG, CFU and SLX.
¡ The cost will likely be borne mainly by households and to a lesser degree businesses. As the price of energy rises over time, energy-intensive users will be hit the hardest. At $20/ton of CO2, we estimate the cost to Australia will be around A$6bn or about 0.6% of GDP per annum.
¡ This may also have some impact on inflation in the medium term, in our view. According to RBAfs model, if energy prices rise by 10% per annum over the next five years, the headline inflation would rise by 0.5%. Would believe that there would be some pass through to core CPI and potential implication on rates.
Antwort auf Beitrag Nr.: 29.866.675 von texas2 am 13.06.07 07:38:09Hi Texas2
wo hast Du denn die Info her, dass die Credit Suisses MPO auf dem Radar hat.
Und was soll uns der Text der australischen Regierung sagen?
Die scheinen doch eher über den CO2 Ausstoß zu diskutieren?
MPO fördert neben Öl zwar auch Gas, ob man dann aber gleich von
nem, sagen wir mal, Ökounternehmen sprechen kann ist nicht ganz raus?
Hoffe mal MPO hat nen riesigen gefüllten öl- und Gasbunker den man teuer verticken kann.
Gruß Landael
wo hast Du denn die Info her, dass die Credit Suisses MPO auf dem Radar hat.
Und was soll uns der Text der australischen Regierung sagen?
Die scheinen doch eher über den CO2 Ausstoß zu diskutieren?
MPO fördert neben Öl zwar auch Gas, ob man dann aber gleich von
nem, sagen wir mal, Ökounternehmen sprechen kann ist nicht ganz raus?
Hoffe mal MPO hat nen riesigen gefüllten öl- und Gasbunker den man teuer verticken kann.
Gruß Landael
http://hotcopper.com.au/post_thread.asp?fid=1&tid=493625#186…
CBM ist Erdgas, das an Kohle gebunden ist. Bei der Kohleproduktion wird dieses Gas heute noch viel zu oft sinnlos an die Athmosphäre abgegeben. Und Methan ist xmal schädlicher als CO2.
Wenn dieses Methan aber sinnvoll genutzt wird, dann leisten wir einen positiven Beitrag zur Klimadiskussion ...
Ich persönlich bin beim CO2 Handel ein bisschen skeptisch, weil In D nicht so recht geklappt hat, aber die Australier scheinen gerade bei der CO2 Diskussion so eine Saulus-Paulus Geschichte durchzumachen.
Wie auch immer, ich hoffe und denke auch, dass es MPO am meisten hilft, wenn sie eine große, wirtschaftliche Gaslagersätte erfolgreich fördern.
Dass sie auf Öl explorieren/produzieren ist mir jetzt nicht präsent ...?
CBM ist Erdgas, das an Kohle gebunden ist. Bei der Kohleproduktion wird dieses Gas heute noch viel zu oft sinnlos an die Athmosphäre abgegeben. Und Methan ist xmal schädlicher als CO2.
Wenn dieses Methan aber sinnvoll genutzt wird, dann leisten wir einen positiven Beitrag zur Klimadiskussion ...
Ich persönlich bin beim CO2 Handel ein bisschen skeptisch, weil In D nicht so recht geklappt hat, aber die Australier scheinen gerade bei der CO2 Diskussion so eine Saulus-Paulus Geschichte durchzumachen.
Wie auch immer, ich hoffe und denke auch, dass es MPO am meisten hilft, wenn sie eine große, wirtschaftliche Gaslagersätte erfolgreich fördern.
Dass sie auf Öl explorieren/produzieren ist mir jetzt nicht präsent ...?
Antwort auf Beitrag Nr.: 29.883.231 von texas2 am 13.06.07 23:20:11
Im Analysebericht der ABN AMRO vom Okt. 05 war die Rede von einem Öl und Gas Feld in Mason County, West Virginia.
http://www.molopo.com.au/analysts_report_05_.pdf
Du hast aber Recht, gleich von einem Ölexplorer zu sprechen wäre ein wenig zu viel. Allerdings liegen diese Dinge immer nah beieinander.
Für den Bericht bei "hotcopper" muss ich mich erst anmelden. (mal sehen ob ich mich dazu durchringen kann)
Die Quintessenz aus dem Bericht hast Du nicht zufällig auf Lager?
(abgesehen davon das sich die Credit Suisses interessiert - nur warum???
Das wars schon wieder
Bye
Im Analysebericht der ABN AMRO vom Okt. 05 war die Rede von einem Öl und Gas Feld in Mason County, West Virginia.
http://www.molopo.com.au/analysts_report_05_.pdf
Du hast aber Recht, gleich von einem Ölexplorer zu sprechen wäre ein wenig zu viel. Allerdings liegen diese Dinge immer nah beieinander.
Für den Bericht bei "hotcopper" muss ich mich erst anmelden. (mal sehen ob ich mich dazu durchringen kann)
Die Quintessenz aus dem Bericht hast Du nicht zufällig auf Lager?
(abgesehen davon das sich die Credit Suisses interessiert - nur warum???
Das wars schon wieder
Bye
Antwort auf Beitrag Nr.: 29.637.999 von texas2 am 04.06.07 22:17:34Subject: competiton final list
Stock Code: MPO - MOLOPO AUSTRALIA LIMITED
Posted: 03/07/07 00:45 Hotcopper Radio: MPO on BoardRoom Radio
Posted By: cortis Views: 230
Post #: 1916878 (Start of thread) Sentiment: Buy
IP: 220.237.xxx.xxx Voluntary Disclosure: Stock Held
Final competitors for "Guess the Price of MPO as at 30th June 2008" are - (drum roll!):-
29/6/07: Swans 1.35
greensyter 0.57.5
Kajtekpis 0.76.5
Nine Lives 1.50
Cortis 3.00
Tangrams 1.24
newtothegame 1.00
Donkeydog 5.00
dan1 2.25
fishoMC 1.42
Hera 1.68
Cameo 1.75
Durman 1.19
Grendel 0.97
Starmanwin 0.83
Poyndexter 0.84
Scocat 2.42
sushi 0.27.5
scarva 1.02
mikayla 0.85
dolerite 1.37
deeman 1.44
ozgeneration 0.72
Fatbuck 0.30
Zinc (takeover) 0.00
Malcolm in the Middle 0.76
dartboard 0.60
jimmy_041 1.32
acorn 0.99
yodiyo 2.55
cloudstreet 0.68
TShirt 1.05
sisyphus 1.48
pchu 0.87
nobby_clark 1.30
co88in 1.34
huaneng 0.78
bearjas 0.99
buddy134 2.72
kelt 0.85
kingstontown 4.00
jamesb007 1.72
RevelsCat 0.73
chu 3.17
ziyou 0.95
Maggii 2.00
katy28 1.11
dorc 1.57
48 runners - any queries let met know - but this should be correct.
(a couple of party poopers in there!)
COULD ALL ENTRANTS PLEASE E-MAIL THIS LIST TO THEMSELVES ASAP, FILE IT, AND DIARIZE THE DATE FOR NEXT YEAR - AS I WILL!
JULY 1st 2008 IS PRIZE DAY.
TANGRAMS WILL HANDLE IF I'VE DONE A RUNNER!
HOLYMAGICMAN 3RD IN CHARGE.
or phone Donkeydog if you're really worried.
Won't it be interesting. Good luck!!!!!
And hope you've had a few laughs, as I have!
Thanks to all who contributed to the fun.
(No eating of pumpkins allowed dartboard!)
CHEERS!
You may be disappointed if you fail, but you are doomed if you don't try.
TOU violation
Stock Code: MPO - MOLOPO AUSTRALIA LIMITED
Posted: 03/07/07 00:45 Hotcopper Radio: MPO on BoardRoom Radio
Posted By: cortis Views: 230
Post #: 1916878 (Start of thread) Sentiment: Buy
IP: 220.237.xxx.xxx Voluntary Disclosure: Stock Held
Final competitors for "Guess the Price of MPO as at 30th June 2008" are - (drum roll!):-
29/6/07: Swans 1.35
greensyter 0.57.5
Kajtekpis 0.76.5
Nine Lives 1.50
Cortis 3.00
Tangrams 1.24
newtothegame 1.00
Donkeydog 5.00
dan1 2.25
fishoMC 1.42
Hera 1.68
Cameo 1.75
Durman 1.19
Grendel 0.97
Starmanwin 0.83
Poyndexter 0.84
Scocat 2.42
sushi 0.27.5
scarva 1.02
mikayla 0.85
dolerite 1.37
deeman 1.44
ozgeneration 0.72
Fatbuck 0.30
Zinc (takeover) 0.00
Malcolm in the Middle 0.76
dartboard 0.60
jimmy_041 1.32
acorn 0.99
yodiyo 2.55
cloudstreet 0.68
TShirt 1.05
sisyphus 1.48
pchu 0.87
nobby_clark 1.30
co88in 1.34
huaneng 0.78
bearjas 0.99
buddy134 2.72
kelt 0.85
kingstontown 4.00
jamesb007 1.72
RevelsCat 0.73
chu 3.17
ziyou 0.95
Maggii 2.00
katy28 1.11
dorc 1.57
48 runners - any queries let met know - but this should be correct.
(a couple of party poopers in there!)
COULD ALL ENTRANTS PLEASE E-MAIL THIS LIST TO THEMSELVES ASAP, FILE IT, AND DIARIZE THE DATE FOR NEXT YEAR - AS I WILL!
JULY 1st 2008 IS PRIZE DAY.
TANGRAMS WILL HANDLE IF I'VE DONE A RUNNER!
HOLYMAGICMAN 3RD IN CHARGE.
or phone Donkeydog if you're really worried.
Won't it be interesting. Good luck!!!!!
And hope you've had a few laughs, as I have!
Thanks to all who contributed to the fun.
(No eating of pumpkins allowed dartboard!)
CHEERS!
You may be disappointed if you fail, but you are doomed if you don't try.
TOU violation
0,125€ steigend
na, hat Jemand News ?
na, hat Jemand News ?
o,57€ steigend
533,33% im Plus !!!!!!!!!!!!!!!!
jetzt werde ich aber gierig
533,33% im Plus !!!!!!!!!!!!!!!!
jetzt werde ich aber gierig
Antwort auf Beitrag Nr.: 32.363.440 von R1712D am 09.11.07 16:20:11Schön wärs, wenn man seine Anzahl der AKtien dabei auch nicht durch 5 dividieren müßte
http://www.asx.com.au/asxpdf/20071108/pdf/315pyz38cp200f.pdf
MOPDA ist das neue Kürzel.
http://www.asx.com.au/asxpdf/20071108/pdf/315ps4gm8xsd0f.pdf
http://www.asx.com.au/asxpdf/20071108/pdf/315pyz38cp200f.pdf
MOPDA ist das neue Kürzel.
http://www.asx.com.au/asxpdf/20071108/pdf/315ps4gm8xsd0f.pdf
0,57€
bleibt der Wert hier - hängen ?
nee, abwarten (Verkaufslimit bei 1€)
bleibt der Wert hier - hängen ?
nee, abwarten (Verkaufslimit bei 1€)
0,57 Euro
wie festgenagelt (besser als ein Sinkflug - oder ? )
wie festgenagelt (besser als ein Sinkflug - oder ? )
0,51€ fallend
doch eine Korrektur ????? nach unten ?!
doch eine Korrektur ????? nach unten ?!
0,51€ stahlhart seitwärts
keine News ????
keine News ????
0,50€ seitwärts
dürfte aber noch höher gehen
dürfte aber noch höher gehen
0,497€ abwärts
falsche Richtung, aber überall das gleiche Bild.
falsche Richtung, aber überall das gleiche Bild.
0,355€ steigend
mh, Ausstieg verpasst
immerhin immer noch +294% Gewinn - bisher ?????
mh, Ausstieg verpasst
immerhin immer noch +294% Gewinn - bisher ?????
0,313€ fallend
bin draussen +247,78%
Schade, hätte besser sein können
beobachte nur noch
bin draussen +247,78%
Schade, hätte besser sein können
beobachte nur noch
Antwort auf Beitrag Nr.: 33.215.366 von R1712D am 30.01.08 16:25:35abwarten und xxxx oder vb drinken
Antwort auf Beitrag Nr.: 33.412.362 von Popeye82 am 19.02.08 15:54:54aber noch besser: der Gasverkauf wird in SA wird langsam konkret
Canada könnte tatsächlich im Wert steigen.
Gloucester ist definitiv im Wert gestiegen.
SA ebenfalls.
Die 0,3 X 5 =1,5 $ werden schätze und hoffe ich nicht mehr lange als all time high Bestand haben.
Gloucester ist definitiv im Wert gestiegen.
SA ebenfalls.
Die 0,3 X 5 =1,5 $ werden schätze und hoffe ich nicht mehr lange als all time high Bestand haben.
durch den erfolg von forest oil in der nachbarschaft in canada im gas shale steigt mpo zur zeit an. alleine schon wenn mpo das asset in canada jetzt schon nach so kurzer zeit wieder verkaufen würde, wäre ein netter gewinn drin
0,60€
es wird Zeit zu gehen 566,67% seit 16.10.07
wünsche weiterhin allen Investierten "Glück auf"
es wird Zeit zu gehen 566,67% seit 16.10.07
wünsche weiterhin allen Investierten "Glück auf"
0,84€
mh, bin zu früh raus ------- ärgerlich
mh, bin zu früh raus ------- ärgerlich
Antwort auf Beitrag Nr.: 34.055.791 von R1712D am 08.05.08 14:34:35Wird sicher irgendwann wieder einen Rücksetzer geben.
Persönlich hoffe, glaube ich, dass MPO noch einmal langfristig ein Vervielfacher ist.
Speziell durch das BG Gebot für Origin werden sämtliche Gas Assets in Australien aufgewertet. Außerdem wird es für Gas eines Tages eine Weltmarktpreis geben und dann werden sich alle freuen, wenn sie damals, also heute noch "billig" in Australien gekauft haben.
Aber wer kennt schon die Zukunft.
Persönlich hoffe, glaube ich, dass MPO noch einmal langfristig ein Vervielfacher ist.
Speziell durch das BG Gebot für Origin werden sämtliche Gas Assets in Australien aufgewertet. Außerdem wird es für Gas eines Tages eine Weltmarktpreis geben und dann werden sich alle freuen, wenn sie damals, also heute noch "billig" in Australien gekauft haben.
Aber wer kennt schon die Zukunft.
0,93€ steigend
UNGLAUBLICH
UNGLAUBLICH
Situation in Australien:
Past gas prices, low.
Future gas prices, high.
Gas profits, up.
That’s today’s story in ten words. Add the picture, it’s 1,010. That’s our word limit for Money Morning. Hmmm…all these other words should count as overtime. Time to talk to payroll.
Have you noticed that natural gas prices have broken double figures…yet Aussie prices haven’t broken $3.50 for years? Gas futures in New York are trading at $11.44. John Durie of The Australian, reckons Aussie gas wholesales for about $3.
Why so?
It’s simple. We have a lot of wide, open space, and not many people. Australia’s total gas reserves are massive. That makes production cheap, and plentiful if we need it. For example, in 2007 we produced 79 billion joules of gas per person. The US produced 72 billion joules of gas per person, so Australia produces 10% more on a per-capita scale.
But we’re exporting surplus gas. And the US has to import more from Canadian pipelines and foreign LNG shipments, to keep everyone warm and well-lit.
Given that BG and Origin are looking to build a new LNG exporting facility to go with Santos’, the gas price will probably change. Sending our gas overseas will mean there is less here for us. Zip. Price goes up.
Some commentators expect gas prices to triple, which would bring us up to speed with the price in New York. We’ve used 2014 in the graph above, because that’s when Santos says it’ll finish the facility.
You can invest in this a couple of ways. There are gas producers, who will make a better price at the well-head from higher demand. That would mean Santos (ASX:STO). A couple of smaller fish are Sydney Gas (ASX:SGL) and Molopo (ASX:MPO) if that’s more your style.
There are also gas retailers who will raise retail prices to account for this.
Some gas retailers, like Origin (ASX:ORG) and AGL Energy (ASX:AGK), are drillers too…they’ll be piping the stuff then selling it at retail prices. That means bigger profit margins.
But our favourite idea is neither of these. It’s in the Queensland coal-seam sector.
Coal-seam gas accounted for around 1,800 petajoules of gas energy in 2007. Santos reckons the new exporting facilities will ship 550 petajoules of coal-seam gas overseas. That’s almost a third of last year’s production.
Add to that the fact that Queensland natural gas demand is forecast to grow at over 4% for the next 25 years. That means it’ll triple. Everyone wants gas. Coal-seam methane should turn out to be a lucrative option in years to come.
A few producers like Queensland Gas (ASX:QGC) and Arrow Energy (ASX:AOE) do nothing but coal-seam production. They’re pure plays. Specialists.
We’ve drilled down a little further for Diggers and Drillers subscribers…and asked ourselves a different question. Who’s going to be developing all those wells? You might be surprised to find that it isn’t necessarily the companies who own and operate them…
Past gas prices, low.
Future gas prices, high.
Gas profits, up.
That’s today’s story in ten words. Add the picture, it’s 1,010. That’s our word limit for Money Morning. Hmmm…all these other words should count as overtime. Time to talk to payroll.
Have you noticed that natural gas prices have broken double figures…yet Aussie prices haven’t broken $3.50 for years? Gas futures in New York are trading at $11.44. John Durie of The Australian, reckons Aussie gas wholesales for about $3.
Why so?
It’s simple. We have a lot of wide, open space, and not many people. Australia’s total gas reserves are massive. That makes production cheap, and plentiful if we need it. For example, in 2007 we produced 79 billion joules of gas per person. The US produced 72 billion joules of gas per person, so Australia produces 10% more on a per-capita scale.
But we’re exporting surplus gas. And the US has to import more from Canadian pipelines and foreign LNG shipments, to keep everyone warm and well-lit.
Given that BG and Origin are looking to build a new LNG exporting facility to go with Santos’, the gas price will probably change. Sending our gas overseas will mean there is less here for us. Zip. Price goes up.
Some commentators expect gas prices to triple, which would bring us up to speed with the price in New York. We’ve used 2014 in the graph above, because that’s when Santos says it’ll finish the facility.
You can invest in this a couple of ways. There are gas producers, who will make a better price at the well-head from higher demand. That would mean Santos (ASX:STO). A couple of smaller fish are Sydney Gas (ASX:SGL) and Molopo (ASX:MPO) if that’s more your style.
There are also gas retailers who will raise retail prices to account for this.
Some gas retailers, like Origin (ASX:ORG) and AGL Energy (ASX:AGK), are drillers too…they’ll be piping the stuff then selling it at retail prices. That means bigger profit margins.
But our favourite idea is neither of these. It’s in the Queensland coal-seam sector.
Coal-seam gas accounted for around 1,800 petajoules of gas energy in 2007. Santos reckons the new exporting facilities will ship 550 petajoules of coal-seam gas overseas. That’s almost a third of last year’s production.
Add to that the fact that Queensland natural gas demand is forecast to grow at over 4% for the next 25 years. That means it’ll triple. Everyone wants gas. Coal-seam methane should turn out to be a lucrative option in years to come.
A few producers like Queensland Gas (ASX:QGC) and Arrow Energy (ASX:AOE) do nothing but coal-seam production. They’re pure plays. Specialists.
We’ve drilled down a little further for Diggers and Drillers subscribers…and asked ourselves a different question. Who’s going to be developing all those wells? You might be surprised to find that it isn’t necessarily the companies who own and operate them…
Petronas (staatliche Ölfirma aus Malaysia, größte LNG Firma in Asien) wird für einen Mrd. Betrag sich an der Santos LNG Anlage, die CBM für den Export verflüssigen soll beteiligen.
Queensland Gas wir eine 800 km Pipeline, die mehrere CBM Felder tangiert bauen.
2 Nachrichten, die den gesamten CBM Sektor in Australien zusätzlich stimuliert haben. MPO up, Eastern Star Gas up
CBM Boom in Australien und keiner kriegt es hier mit
Queensland Gas wir eine 800 km Pipeline, die mehrere CBM Felder tangiert bauen.
2 Nachrichten, die den gesamten CBM Sektor in Australien zusätzlich stimuliert haben. MPO up, Eastern Star Gas up
CBM Boom in Australien und keiner kriegt es hier mit
Antwort auf Beitrag Nr.: 34.207.063 von texas2 am 30.05.08 18:29:38
Hallo,
kann Dir nur zustimmen habe meine MPO bei 0,08 A$ gekauft vor 2 Jahren und noch vor dem Schnitt 5:1 verkauft bei CBM wird in den nächsten Jahern was abgehen bin jetzt in Planat Gas eingestiegen PLG hatten Probleme sollten diese aber jetzt in den Groff bekommen sind in Australien und den USA aktiv. Schau sie dir mal an. Auch GGX ist ein Wert den man beobachten sollte.
Monte
Hallo,
kann Dir nur zustimmen habe meine MPO bei 0,08 A$ gekauft vor 2 Jahren und noch vor dem Schnitt 5:1 verkauft bei CBM wird in den nächsten Jahern was abgehen bin jetzt in Planat Gas eingestiegen PLG hatten Probleme sollten diese aber jetzt in den Groff bekommen sind in Australien und den USA aktiv. Schau sie dir mal an. Auch GGX ist ein Wert den man beobachten sollte.
Monte
Noch so eine Nachricht, die den CBM Sektor und damit MPO, ESG, etc in Australien stimuliert:
British Gas, Petronas, Shell greifen zu. Dh für mich, dass die anderen Öl-und Gasfirmen nachziehen werden .....
Shell backs Arrow’s Australian LNG
By Upstream staff
Shell is set to invest A$776 million (US$741 million) in Arrow Energy that will help the Australian outfit drive forward the development of its coalbed methane (CBM) resources and liquefied natural gas strategy.
Arrow, which holds the largest CBM acreage position in eastern Australia, said that Shell is backing a potential LNG development in Queensland.
The pair has signed a preliminary agreement, which details a number of domestic and international transactions due to be finalised by the end of August.
Shell intends to take a 30% interest in Arrow’s Australian upstream tenements for up to A$644 million and a 10% stake in the company’s international assets for up to A$142 million.
“Shell’s investment not only matures our LNG vision into reality but will fast-track the certification of additional reserves from our domestic land position which covers more than 80,000 square kilometres across the Bowen and Surat basins,” Arrow’s chief executive, Nick Davies, said in a statement today.
Arrow is set to supply feedstock for Liquefied Natural Gas Limited's Fisherman's Landing LNG project in Gladstone.
LNG Limited and Arrow Energy are in talks to increase the capacity of the first LNG train at Gladstone from 1.3 million to 1.5 million tonnes per annum, plus a potential second LNG train of similar capacity as and when further gas reserves are proven.
The Australian side of the Shell deal includes an A$435 million upfront payment, A$140 million upon final investment decision for the LNG project, plus a further A$70 million when the project is producing 1 million tonnes per annum of LNG.
Under the deal, Shell will have the right to off-take LNG produced from Arrow and Shell upstream holdings.
As part of the international deal, Shell will make an upfront payment of A$53 million, A$27 million upon signing of another production sharing contract, plus a A$53 million payment for certifying 5 trillion cubic feet proved plus probable reserves before the end of December 2015.
The deal also includes a five year option for Shell to back into any international project for 50% of Arrow’s interest, excluding the company’s three CBM licences in India.
In a seperate statement, Shell said the preliminary agreement covers projects in Australia, China, India, Vietnam and Indonesia.
02 June 2008 01:39 GMT | last updated: 02 June 2008 13:27 GMT
British Gas, Petronas, Shell greifen zu. Dh für mich, dass die anderen Öl-und Gasfirmen nachziehen werden .....
Shell backs Arrow’s Australian LNG
By Upstream staff
Shell is set to invest A$776 million (US$741 million) in Arrow Energy that will help the Australian outfit drive forward the development of its coalbed methane (CBM) resources and liquefied natural gas strategy.
Arrow, which holds the largest CBM acreage position in eastern Australia, said that Shell is backing a potential LNG development in Queensland.
The pair has signed a preliminary agreement, which details a number of domestic and international transactions due to be finalised by the end of August.
Shell intends to take a 30% interest in Arrow’s Australian upstream tenements for up to A$644 million and a 10% stake in the company’s international assets for up to A$142 million.
“Shell’s investment not only matures our LNG vision into reality but will fast-track the certification of additional reserves from our domestic land position which covers more than 80,000 square kilometres across the Bowen and Surat basins,” Arrow’s chief executive, Nick Davies, said in a statement today.
Arrow is set to supply feedstock for Liquefied Natural Gas Limited's Fisherman's Landing LNG project in Gladstone.
LNG Limited and Arrow Energy are in talks to increase the capacity of the first LNG train at Gladstone from 1.3 million to 1.5 million tonnes per annum, plus a potential second LNG train of similar capacity as and when further gas reserves are proven.
The Australian side of the Shell deal includes an A$435 million upfront payment, A$140 million upon final investment decision for the LNG project, plus a further A$70 million when the project is producing 1 million tonnes per annum of LNG.
Under the deal, Shell will have the right to off-take LNG produced from Arrow and Shell upstream holdings.
As part of the international deal, Shell will make an upfront payment of A$53 million, A$27 million upon signing of another production sharing contract, plus a A$53 million payment for certifying 5 trillion cubic feet proved plus probable reserves before the end of December 2015.
The deal also includes a five year option for Shell to back into any international project for 50% of Arrow’s interest, excluding the company’s three CBM licences in India.
In a seperate statement, Shell said the preliminary agreement covers projects in Australia, China, India, Vietnam and Indonesia.
02 June 2008 01:39 GMT | last updated: 02 June 2008 13:27 GMT
1,08€
-1,82%
zum einsteigen ist es zu SPÄT - noch !
-1,82%
zum einsteigen ist es zu SPÄT - noch !
Antwort auf Beitrag Nr.: 34.210.152 von Montekaolino am 31.05.08 12:06:48Monte
du meinst Planet Gas?
Planet Gas ist in den USA aktiv. Dort tickt das CBM business ein wenig anders als in Australien.
Meiner Meinung nach hat das CBM in Australien einige Vorteile, die das ganze zur Zeit sehr zukunftsträchtig machen.
du meinst Planet Gas?
Planet Gas ist in den USA aktiv. Dort tickt das CBM business ein wenig anders als in Australien.
Meiner Meinung nach hat das CBM in Australien einige Vorteile, die das ganze zur Zeit sehr zukunftsträchtig machen.
1,08€ steigend
anscheinend machen die hier (Management) alles richtig
anscheinend machen die hier (Management) alles richtig
1,19€ steigend
Antwort auf Beitrag Nr.: 34.404.087 von R1712D am 30.06.08 14:40:12neues all time high für mpo
Meiner Meinung nach sprechen noch immer mehr Gründe dafür, dass MPO weiter steigen wird
Meiner Meinung nach sprechen noch immer mehr Gründe dafür, dass MPO weiter steigen wird
Neben der Fortescue Metals sieht die Molopo etwas mager aus in meinem Depot, aber rechne mit 2,50 EUR bis ende 2008. Ich kann mich einfach nicht zufreiden geben mit 1200 Prozent.
Molopo shares jump 9% on gas upgrade
Monday July 14, 2008, 11:31 am
Molopo Australia Ltd shares surged close to nine per cent after the company unveiled a fivefold increase in the gas potential for its Queensland assets.
The company estimates that its Qld acreage contains 7.5 trillion standard cubic feet (Tscf) of gas-in-place, with 2.3 Tscf to 3.6 Tscf gas-in-place potentially commercial at current gas prices.
Focus on Qld's coal seam gas sector has rapidly increased over the past few months with the entry of major international players BG Group Plc, Malaysia's national oil company Petronas and Royal Dutch Shell.
They are all jostling to participate in separate liquefied natural gas (LNG) developments in QLD with their Australian partners - using coal seam gas as feed - for export to lucrative Asian markets.
Molopo shares jumped 8.86 per cent to an intra-day high of $1.78 before easing to $1.76 by 1110 AEST Monday
Monday July 14, 2008, 11:31 am
Molopo Australia Ltd shares surged close to nine per cent after the company unveiled a fivefold increase in the gas potential for its Queensland assets.
The company estimates that its Qld acreage contains 7.5 trillion standard cubic feet (Tscf) of gas-in-place, with 2.3 Tscf to 3.6 Tscf gas-in-place potentially commercial at current gas prices.
Focus on Qld's coal seam gas sector has rapidly increased over the past few months with the entry of major international players BG Group Plc, Malaysia's national oil company Petronas and Royal Dutch Shell.
They are all jostling to participate in separate liquefied natural gas (LNG) developments in QLD with their Australian partners - using coal seam gas as feed - for export to lucrative Asian markets.
Molopo shares jumped 8.86 per cent to an intra-day high of $1.78 before easing to $1.76 by 1110 AEST Monday
0,96€ fallend
also weg mit den Teilen und abwarten
also weg mit den Teilen und abwarten
0,97€
alles wäre wunderbar, wenn das Teil (wie das Umfeld) endlich mal etwas fallen würde. Aber irgendwie machen Die alles richtig.
sehe zum Nachkauf (Wiedereinstieg) noch kein Grund
ist meine persönliche Einschätzung
alles wäre wunderbar, wenn das Teil (wie das Umfeld) endlich mal etwas fallen würde. Aber irgendwie machen Die alles richtig.
sehe zum Nachkauf (Wiedereinstieg) noch kein Grund
ist meine persönliche Einschätzung
0,63€ steigend
bin hier nun sehr vorsichtig geworden
schaue in meine Glaskugel und sehe - kurse im Süden
bin hier nun sehr vorsichtig geworden
schaue in meine Glaskugel und sehe - kurse im Süden
0,81€ steigend
na, der Kurs geht wohl Richtung 1€ ??????
na, der Kurs geht wohl Richtung 1€ ??????
Antwort auf Beitrag Nr.: 34.849.076 von R1712D am 25.08.08 15:31:04conoco ist größer als bg.
dieses conoco angebot sollte die übernahmephantasie von kleinen cbm firmen mit gasreserven in australien weiter antreiben.
bp zb traue ich ohne weiters auch so einen coup zu
BG gives up battle for Origin
Wire services
UK gas producer BG Group admitted defeat in its hostile takeover bid for Australia’s Origin Energy after Origin formed a joint venture with US giant ConocoPhillips.
BG said in a statement today that it would not increase or extend its A$15.50 (US$12.52) per share offer, which closes on 26 September, and said it expected the offer to lapse.
"The price implied by this newly announced joint venture is higher than BG Group is able to justify," chief executive Frank Chapman said. "We wish Origin and ConocoPhillips every success with their joint venture."
Yesterday, Origin said it had agreed to spin off its massive coalbed methane (CBM) gas assets -which BG had hoped would feed a liquefied natural gas export terminal it plans to build - into a joint venture, into which ConocoPhillips would inject up to $8 billion.
One dealer said abandoning the takeover could boost BG's shares as some investors had feared BG would overpay.
BG's shares rose yesterday on hopes it would abandon its bid and analysts at Citigroup said the stock could receive a boost if this was confirmed. The shares closed up 5.8% in trading disrupted by a stock exchange systems failure.
Origin shares closed down 1.42% at A$17.40 before the announcement, reported Reuters.
dieses conoco angebot sollte die übernahmephantasie von kleinen cbm firmen mit gasreserven in australien weiter antreiben.
bp zb traue ich ohne weiters auch so einen coup zu
BG gives up battle for Origin
Wire services
UK gas producer BG Group admitted defeat in its hostile takeover bid for Australia’s Origin Energy after Origin formed a joint venture with US giant ConocoPhillips.
BG said in a statement today that it would not increase or extend its A$15.50 (US$12.52) per share offer, which closes on 26 September, and said it expected the offer to lapse.
"The price implied by this newly announced joint venture is higher than BG Group is able to justify," chief executive Frank Chapman said. "We wish Origin and ConocoPhillips every success with their joint venture."
Yesterday, Origin said it had agreed to spin off its massive coalbed methane (CBM) gas assets -which BG had hoped would feed a liquefied natural gas export terminal it plans to build - into a joint venture, into which ConocoPhillips would inject up to $8 billion.
One dealer said abandoning the takeover could boost BG's shares as some investors had feared BG would overpay.
BG's shares rose yesterday on hopes it would abandon its bid and analysts at Citigroup said the stock could receive a boost if this was confirmed. The shares closed up 5.8% in trading disrupted by a stock exchange systems failure.
Origin shares closed down 1.42% at A$17.40 before the announcement, reported Reuters.
Antwort auf Beitrag Nr.: 35.041.428 von texas2 am 09.09.08 22:03:30CSG Sector Update
Origin joint venture: CSG benchmarks revisited
Origin Energy’s CSG joint venture with ConocoPhillips reaffirms the value
international corporations see in the Australian CSG sector. Looking past
the headline EV/2P and EV/3P multiples we believe the CoP has paid
~A$0.64 /GJ of reserves and contingent resources to supply a 2-train plant,
not dissimilar to the comparable Petronas / STO transaction. Whilst not all
CSG assets are equal, the ORG and STO transaction values indicate that
AOE, QGC and SHG remain significantly undervalued. ORG itself is
trading below the implied value of the CoP offer.
Wilson HTM View: CoP is an informed buyer, with global and Australian
LNG exposure and over 25 years CSG experience in the USA. This offer
reaffirms the value international corporations see in the Australian CSG
sector. These values are significantly higher than those attributed by the
Australian equity market. We believe this is principally due to the different
investment timeframes of the two groups.
Whilst the headline transaction metrics are reported as A$4.00 /GJ of 2P
reserves and A$ 1.88 /GJ of 3P reserves we believe that 3P reserves &
contingent resources is a better basis to compare transactions, given buyers
are purchasing sufficient gas to underpin long life LNG projects. ORG has
~26,000 PJ of reserves&resources, of which ~8,500 PJ are required for
domestic demand, leaving ~17,500 PJ available for LNG. This is sufficient
to underpin three 3.5 Mtpa/trains for 25 years. We understand that the JV is
contemplating four 3.5 Mtpa/trains over 30+years, requiring ~30,000 PJ.
Transaction analysis
We have analysed the five recent industry transactions (BG/QGC, BG/ORG,
Petronas/STO, Shell/AOE and CoP/ORG) to better define the metrics on which the
transactions are based. We believe that buyers are paying for resource potential to
underpin LNG production rather than current 2P reserves. However, we do not
believe that industry buyers are willing to pay for untested acreage or “blue sky”.
We consider than EV/(3P reserves + 3C contingent resources) is the most
appropriate measure at this time. Transaction multiples range from ~A$ 0.30 to
0.64 /GJ of 3P reserves plus 3C contingent resources, based on 2-train LNG
projects.
We estimate that the Petronas/STO and CoP/ORG transactions are similar, with
both at A$1.65 /GJ of 3P reserves (at the 2-train level), and at A$0.58 and A$0.64
/GJ of reserves & contingent resources respectively.
Implied value of CSG sector participants
We have estimated the implied value of CSG sector participants using the CoP/ORG valuation metrics. The metrics we
have chosen include bonus payments for 2 LNG trains. We stress that not all CSG assets are equivalent and that the
recent transactions indicate that industry participants value scale and maturity.
Molopo Australia
Last Shr Price $1.25
Total No. of shrs 183m
Market Cap $229m
Value CoP 2P multiple $6.09
Value CoP 3P multiple $5.80
Value CoP 3P+3C multiple $3.55
2P reserves 316
3P reserves 643
2C/3C reserves 373
Wilson HTM Recommendations
MPO Target Price $3.30
Origin joint venture: CSG benchmarks revisited
Origin Energy’s CSG joint venture with ConocoPhillips reaffirms the value
international corporations see in the Australian CSG sector. Looking past
the headline EV/2P and EV/3P multiples we believe the CoP has paid
~A$0.64 /GJ of reserves and contingent resources to supply a 2-train plant,
not dissimilar to the comparable Petronas / STO transaction. Whilst not all
CSG assets are equal, the ORG and STO transaction values indicate that
AOE, QGC and SHG remain significantly undervalued. ORG itself is
trading below the implied value of the CoP offer.
Wilson HTM View: CoP is an informed buyer, with global and Australian
LNG exposure and over 25 years CSG experience in the USA. This offer
reaffirms the value international corporations see in the Australian CSG
sector. These values are significantly higher than those attributed by the
Australian equity market. We believe this is principally due to the different
investment timeframes of the two groups.
Whilst the headline transaction metrics are reported as A$4.00 /GJ of 2P
reserves and A$ 1.88 /GJ of 3P reserves we believe that 3P reserves &
contingent resources is a better basis to compare transactions, given buyers
are purchasing sufficient gas to underpin long life LNG projects. ORG has
~26,000 PJ of reserves&resources, of which ~8,500 PJ are required for
domestic demand, leaving ~17,500 PJ available for LNG. This is sufficient
to underpin three 3.5 Mtpa/trains for 25 years. We understand that the JV is
contemplating four 3.5 Mtpa/trains over 30+years, requiring ~30,000 PJ.
Transaction analysis
We have analysed the five recent industry transactions (BG/QGC, BG/ORG,
Petronas/STO, Shell/AOE and CoP/ORG) to better define the metrics on which the
transactions are based. We believe that buyers are paying for resource potential to
underpin LNG production rather than current 2P reserves. However, we do not
believe that industry buyers are willing to pay for untested acreage or “blue sky”.
We consider than EV/(3P reserves + 3C contingent resources) is the most
appropriate measure at this time. Transaction multiples range from ~A$ 0.30 to
0.64 /GJ of 3P reserves plus 3C contingent resources, based on 2-train LNG
projects.
We estimate that the Petronas/STO and CoP/ORG transactions are similar, with
both at A$1.65 /GJ of 3P reserves (at the 2-train level), and at A$0.58 and A$0.64
/GJ of reserves & contingent resources respectively.
Implied value of CSG sector participants
We have estimated the implied value of CSG sector participants using the CoP/ORG valuation metrics. The metrics we
have chosen include bonus payments for 2 LNG trains. We stress that not all CSG assets are equivalent and that the
recent transactions indicate that industry participants value scale and maturity.
Molopo Australia
Last Shr Price $1.25
Total No. of shrs 183m
Market Cap $229m
Value CoP 2P multiple $6.09
Value CoP 3P multiple $5.80
Value CoP 3P+3C multiple $3.55
2P reserves 316
3P reserves 643
2C/3C reserves 373
Wilson HTM Recommendations
MPO Target Price $3.30
0,61€ steigend
0,400€ fallend
überall Mißtrauen - vermutlich sehen wir die 0,09€ (Einstiegskurs) wieder. Aber falls sich die Panik legt - geht der Kurs wieder nach Norden.
überall Mißtrauen - vermutlich sehen wir die 0,09€ (Einstiegskurs) wieder. Aber falls sich die Panik legt - geht der Kurs wieder nach Norden.
vor einiger zeit habe ich mich gefragt, warum fortis aktien von australischen cbm firmen verkauft
jetzt weiß ichs
hoffnung: opec läßt den ölpreis nicht abstürzen
jetzt weiß ichs
hoffnung: opec läßt den ölpreis nicht abstürzen
0,313€ steigend
jetzt einsteigen ??
jetzt einsteigen ??
0,272€ fallend
was läuft den hier falsch ??
jetzt glaube ich nicht mehr, das sich die erholen.
was läuft den hier falsch ??
jetzt glaube ich nicht mehr, das sich die erholen.
0,201€ fallend
abwärts bis 0,05€ bevor es wieder eine Erholung gibt ?!
abwärts bis 0,05€ bevor es wieder eine Erholung gibt ?!
0,360€ steigend
nun gehts wieder aufwärts - billig zuhaben war sie lange genug
nun gehts wieder aufwärts - billig zuhaben war sie lange genug
Antwort auf Beitrag Nr.: 35.765.384 von R1712D am 30.10.08 16:06:39roller coaster
0,380€ senkrecht nach oben ????
0,268€ fallend
Achterbahnfahrt ??????
Hier kann man nur abwarten - VIELLEICHT - 2 Jahre ??
Achterbahnfahrt ??????
Hier kann man nur abwarten - VIELLEICHT - 2 Jahre ??
0,280€ steigend
Antwort auf Beitrag Nr.: 36.169.050 von R1712D am 08.12.08 22:06:38Das Warten wird sich lohnen. Weil siehe:
Sehr gute Nachrichten http://www.asx.com.au/asxpdf/20081217/pdf/31f73xfmzc5knp.pdf
Durch den Verkauf dieser 30% Beteiligung hat MPO mehr cash auf der Bank als Marktkapitalisierung
Sehr gute Nachrichten http://www.asx.com.au/asxpdf/20081217/pdf/31f73xfmzc5knp.pdf
Durch den Verkauf dieser 30% Beteiligung hat MPO mehr cash auf der Bank als Marktkapitalisierung
0,332€ fallend
0,427€ fallend
0,433€
mh, 0,4 - Bodenbildung ?????????
mh, 0,4 - Bodenbildung ?????????
http://www.asx.com.au/asxpdf/20090304/pdf/31gdy0xptf0rzg.pdf
damit könnte MPO herausgefunden haben wie man dieses CBM Feld am besten fördert .....
damit könnte MPO herausgefunden haben wie man dieses CBM Feld am besten fördert .....
0,59€
es geht aufwärts !!!!!!!!!!
es geht aufwärts !!!!!!!!!!
0,62 €
verblüffend
verblüffend
0,69€ aufwärts
Ziel dürfte bei 1,30€ liegen
man wird sehen !!!!??????
Ziel dürfte bei 1,30€ liegen
man wird sehen !!!!??????
0,58€ ?????
fast schon ein Absturz
fast schon ein Absturz
gegenüber Eastern Star Gas hat MPO einen ziemlichen Nachholbedarf zur Zeit
Antwort auf Beitrag Nr.: 37.213.905 von texas2 am 19.05.09 22:30:31http://www.molopo.com.au/baillieu_report_march_4_09.pdf
Antwort auf Beitrag Nr.: 37.229.976 von texas2 am 21.05.09 22:31:34umsätze und kurs steigen - könnte wieder spannend werden
Antwort auf Beitrag Nr.: 37.299.071 von texas2 am 01.06.09 23:24:28eine kurze Zusammenfassung, die das Potential von MPO ganz gut zeigt
Reserven 3p value: $2.54 per share
Gas in Place value: $13.08 per share.
Molopo Australia Ltd
Company Overview
Molopo now delivering on promise with high value gas portfolio
Investment Perspective:
Molopo Australia Limited (MPO) is an active coal seam gas (CSG) producer and explorer
with key CSG assets in Queenslandʼs Bowen basin. In December 2008, Molopo sold its 30% interest in the Gloucester basin CSG project for $111 million leaving the company cashed up to progress its Queensland CSG projects and shale gas exploration areas in Canada, China, South Africa and the USA.
Based on recent local asset sales, the current Australian and South African 3P reserve of around 16 Bm3 (approx 627PJ) provides an asset backing of $2.50 per share. The contingent recoverable Australian resources quoted by the company are many times larger at over 77 Bm3 (Approx. 3000PJ).
Unlocking future value now depends on delivering on expectations and turning contingent resources into
additional proven reserves and developing gas off-take contracts with buyers. The Mungi field is in operation, but the scale is small.
The key value driver is the potential for providing significant uncontracted gas resources to the Gladstone
liquified natural gas (LNG) projects which expect to commence exports as early as 2012. The Mungi and
Harcourt areas are the closest gas production to Gladstone, with the Wallumbilla-Gladstone pipeline
running through the middle of the Harcourt area.
This company has large, well located resources, cash and experienced management. The Mungi/Harcourt CSG Project in Queensland and the Virginia CSG project in South Africa (2010) are closest to full commercialization and the embryonic Quebec Shale Gas Project (after 2011)
is potentially the company maker. There is significant upside in this stock with asset value well in advance of the share price.
Share Price Drivers
• Further upgrade of the Queensland potential recoverable
resources of 2100PJ to 2P reserves and obtain gas offtake
sales.
• Progression of the Gladstone LNG projects - Molopo has
the potential to be a supplier.
• Possible entry of major companies in joint venture deals -
Asset sales over the past year have averaged around
$1.20/GJ for 3P assets and $2.80/GJ for 2P reserves.
• Recent north American shale gas assets purchased by oil
majors have valued GIP assets on operating fields at
around 80c/GJ. The Quebec holdings have estimated
potential recoverable gas estimates of 6,000PJ.
• Increase in oil price drives the price of energy fuels.
01/06/09 12:53 (View) Back
Reserven 3p value: $2.54 per share
Gas in Place value: $13.08 per share.
Molopo Australia Ltd
Company Overview
Molopo now delivering on promise with high value gas portfolio
Investment Perspective:
Molopo Australia Limited (MPO) is an active coal seam gas (CSG) producer and explorer
with key CSG assets in Queenslandʼs Bowen basin. In December 2008, Molopo sold its 30% interest in the Gloucester basin CSG project for $111 million leaving the company cashed up to progress its Queensland CSG projects and shale gas exploration areas in Canada, China, South Africa and the USA.
Based on recent local asset sales, the current Australian and South African 3P reserve of around 16 Bm3 (approx 627PJ) provides an asset backing of $2.50 per share. The contingent recoverable Australian resources quoted by the company are many times larger at over 77 Bm3 (Approx. 3000PJ).
Unlocking future value now depends on delivering on expectations and turning contingent resources into
additional proven reserves and developing gas off-take contracts with buyers. The Mungi field is in operation, but the scale is small.
The key value driver is the potential for providing significant uncontracted gas resources to the Gladstone
liquified natural gas (LNG) projects which expect to commence exports as early as 2012. The Mungi and
Harcourt areas are the closest gas production to Gladstone, with the Wallumbilla-Gladstone pipeline
running through the middle of the Harcourt area.
This company has large, well located resources, cash and experienced management. The Mungi/Harcourt CSG Project in Queensland and the Virginia CSG project in South Africa (2010) are closest to full commercialization and the embryonic Quebec Shale Gas Project (after 2011)
is potentially the company maker. There is significant upside in this stock with asset value well in advance of the share price.
Share Price Drivers
• Further upgrade of the Queensland potential recoverable
resources of 2100PJ to 2P reserves and obtain gas offtake
sales.
• Progression of the Gladstone LNG projects - Molopo has
the potential to be a supplier.
• Possible entry of major companies in joint venture deals -
Asset sales over the past year have averaged around
$1.20/GJ for 3P assets and $2.80/GJ for 2P reserves.
• Recent north American shale gas assets purchased by oil
majors have valued GIP assets on operating fields at
around 80c/GJ. The Quebec holdings have estimated
potential recoverable gas estimates of 6,000PJ.
• Increase in oil price drives the price of energy fuels.
01/06/09 12:53 (View) Back
Antwort auf Beitrag Nr.: 37.300.170 von texas2 am 02.06.09 10:12:29MPO ist jetzt in den ASX 200 aufestiegen
Antwort auf Beitrag Nr.: 37.432.371 von texas2 am 20.06.09 10:14:13Wenn der Trend des allgemeinen globalen Markts weiter runter geht und damit MPO vielleicht weit genug nach unten drückt, wäre das für mich eine potentielle Nachkaufchance.
o,59€ aufwärts
nichts Neues an der "Front"
nichts Neues an der "Front"
hintergrundinfo:
'LNG shake-up' on Queensland cards
News services
ConocoPhillips has given the strongest indication yet that it might participate in a shake-up of rival liquefied natural gas projects in the Australian state of Queensland, as several ventures compete for customers in a market where growth forecasts have been slashed by the global recession.
ConocoPhillips executive Ryan Lance said some "natural shuffling" would emerge as players such as BG Group, Santos and ConocoPhillips' partner Origin Energy considered how to optimise costs in the development of coalbed methane (CBM) gas fields, gas transportation and LNG production.
Santos chief executive David Knox said the company would welcome collaboration in projects to convert CBM gas to LNG.
"It makes a lot of sense for us" in terms of improving capital efficiency and reducing the environmental impact, he said at the Australian Petroleum Production & Exploration Association oil and gas conference in Darwin.
Santos is planning a two-unit LNG plant at Gladstone in central Queensland with Malaysia's Petronas. But Knox said co-operation between rival projects would still be "extremely difficult to pull off".
BG, which last month signed up China National Offshore Oil Corporation as a customer for its Queensland project, also said it was open to discussions.
"We're always happy to talk where it makes commercial sense and doesn't slow us down," a spokesman said.
BG aims to make a final decision early next year to proceed with the Queensland Curtis project.
The comments came as the APPEA called for reforms to speed up project approvals and reduce the regulatory burden that was "paralysing" the petroleum industry - which had more than $200 billion of projects on the drawing board.
Energy & Resources Minister Martin Ferguson responded by urging the industry "to do more through commercial negotiation". Queensland's emerging industry to convert CBM gas into LNG was surely heading for a "major shakeout", he said.
Australia's planned LNG projects lie at the higher-cost end of proposed plants worldwide, according to Cambridge Energy Research Associates. Yet Australia, the sixth-largest holder of gas reserves, had the potential to overtake Qatar as the world's biggest LNG exporter, the company’s managing director of global gas Michael Stoppard said.
Australasian LNG export capacity would double to more than 50 million tonnes a year by 2017, requiring more than US$60 billion (A$74 billion) of capital investment, according to Edinburgh-based consultant Wood Mackenzie.
Yet the company's lead analyst for Australasia upstream research Richard Quin said that target would likely be reached with just three new projects, those further down the track facing potential delays because of limited demand growth.
Quin said Chevron's Gorgon LNG project in Western Australia, ExxonMobil's project in Papua New Guinea and BG's Curtis project were the most likely to proceed in that time frame, absorbing demand growth in markets including Japan and China.
He said the Australia Pacific LNG venture between ConocoPhillips and Origin was among the remaining projects in Australia facing increased risk of delays.
He said AP LNG, which controlled the most gas resources of any of the Queensland ventures, had yet to select a site in Gladstone and secure customers, a report in the Australian said.
--------------------------------------------------------------------------------
Tuesday, 02 June, 2009, 02:18 GMT | last updated: Tuesday, 02 June, 2009, 10:55
'LNG shake-up' on Queensland cards
News services
ConocoPhillips has given the strongest indication yet that it might participate in a shake-up of rival liquefied natural gas projects in the Australian state of Queensland, as several ventures compete for customers in a market where growth forecasts have been slashed by the global recession.
ConocoPhillips executive Ryan Lance said some "natural shuffling" would emerge as players such as BG Group, Santos and ConocoPhillips' partner Origin Energy considered how to optimise costs in the development of coalbed methane (CBM) gas fields, gas transportation and LNG production.
Santos chief executive David Knox said the company would welcome collaboration in projects to convert CBM gas to LNG.
"It makes a lot of sense for us" in terms of improving capital efficiency and reducing the environmental impact, he said at the Australian Petroleum Production & Exploration Association oil and gas conference in Darwin.
Santos is planning a two-unit LNG plant at Gladstone in central Queensland with Malaysia's Petronas. But Knox said co-operation between rival projects would still be "extremely difficult to pull off".
BG, which last month signed up China National Offshore Oil Corporation as a customer for its Queensland project, also said it was open to discussions.
"We're always happy to talk where it makes commercial sense and doesn't slow us down," a spokesman said.
BG aims to make a final decision early next year to proceed with the Queensland Curtis project.
The comments came as the APPEA called for reforms to speed up project approvals and reduce the regulatory burden that was "paralysing" the petroleum industry - which had more than $200 billion of projects on the drawing board.
Energy & Resources Minister Martin Ferguson responded by urging the industry "to do more through commercial negotiation". Queensland's emerging industry to convert CBM gas into LNG was surely heading for a "major shakeout", he said.
Australia's planned LNG projects lie at the higher-cost end of proposed plants worldwide, according to Cambridge Energy Research Associates. Yet Australia, the sixth-largest holder of gas reserves, had the potential to overtake Qatar as the world's biggest LNG exporter, the company’s managing director of global gas Michael Stoppard said.
Australasian LNG export capacity would double to more than 50 million tonnes a year by 2017, requiring more than US$60 billion (A$74 billion) of capital investment, according to Edinburgh-based consultant Wood Mackenzie.
Yet the company's lead analyst for Australasia upstream research Richard Quin said that target would likely be reached with just three new projects, those further down the track facing potential delays because of limited demand growth.
Quin said Chevron's Gorgon LNG project in Western Australia, ExxonMobil's project in Papua New Guinea and BG's Curtis project were the most likely to proceed in that time frame, absorbing demand growth in markets including Japan and China.
He said the Australia Pacific LNG venture between ConocoPhillips and Origin was among the remaining projects in Australia facing increased risk of delays.
He said AP LNG, which controlled the most gas resources of any of the Queensland ventures, had yet to select a site in Gladstone and secure customers, a report in the Australian said.
--------------------------------------------------------------------------------
Tuesday, 02 June, 2009, 02:18 GMT | last updated: Tuesday, 02 June, 2009, 10:55
Gute Nchrichten:
ASX ANNOUNCEMENT 28 August 2009
MPO SECURES SITE FOR POWER STATION IN MOURA, QUEENSLAND
Molopo Australia Limited, through its subsidiary company Molopo Generation Pty Ltd, has
signed option agreements with various parties which will allow the Company to acquire a
site in Moura for its gas-fired power generation project (“the Project”), based on its coal
bed methane (“CBM”) interests in Mungi (PL 94 northern sub-lease), Bowen Basin,
Queensland.
The option agreements are conditional on Molopo being granted an exemption under the
Land Sales Act 1984 (Queensland) to enable a separate title for the preferred site to be
created. Once this requirement is met, Molopo will initiate the final stages of the Project’s
feasibility study.
Signing of the option agreements demonstrates Molopo’s commitment to commercialising
its Bowen Basin CBM interests, and follows the favourable results to date of a feasibility
study in relation to the Project, combined with the performance of the Mungi multi-lateral
wells as announced in earlier releases.
The Company plans to exercise its option over the preferred site after completing the final
stages of the Project’s feasibility study, granting of development approvals and board
approval to proceed with development.
The Project is expected to be operational by mid-2011. It will supply electricity into the
National Electricity Market (“NEM”) via the existing electricity network. Its greenhouse
emissions will be approximately 43% lower than those from black coal-fired power stations
using existing technology. The project will be built in two stages, each of 30MW capacity,
and will be financed with a combination of debt and equity.
Molopo’s Managing Director, Stephen Mitchell, stated “Securing a site for our power
project is a significant milestone for the Company, and is integral to the Company’s
commercialisation strategy for its CBM interests in Queensland.”
Chief Commercial Officer, Ric Sotelo, said “The Project will enable the Company to
maximise the value of its CBM production by providing flexibility to switch from base load
operation to peak load, should it be more profitable to sell gas directly during off-peak
periods. It is anticipated that the Project will be a market generator, thereby ensuring
access to the NEM with exposure to potential upside in electricity pool prices. The
vertically integrated nature of the Project combined with its on-field location, will ensure
that its marginal cost will be competitive against coal-fired generation, particularly following
the introduction of the Carbon Pollution Reduction Scheme.”
Moura is located in inland central Queensland, which has a substantial electricity load
based on coal mining operations in the Bowen Basin and Queensland Rail’s transport
network.
The final stages of the Project’s feasibility study will include finalising key project
agreements, obtaining approvals from government agencies and securing financing.
During its construction phase, the Project is likely to employ around 30 people.
In a separate initiative, Molopo commenced this week a pre-feasibility study for a power
generation project based on gas from Harcourt South. At this stage, the parameters for
the study envisage a capacity of 100MW. This project will also produce 43% lower
greenhouse emissions when compared to black coal-fired power stations using existing
technology, equivalent to 170,000 tonnes CO2-equivalent per annum.
Issued by: Molopo Australia Limited
For further information contact: Stephen Mitchell MD +61 3 9618 8722
Ric Sotelo CCO +61 3 9618 8722
Molopo Australia Limited is an ASX listed gas producer focused on the development of coalbed methane and other on-shore gas
projects. Molopo holds a 50% interest in several gas fields located in the Bowen Basin, Queensland, a 50% interest in a US gas
project, a 100% interest in a shale gas project in eastern Canada, a 50% interest in two permits in the Clarence Moreton Basin, NSW,
an interest in the Liulin CBM project in China, and a 100% interest in two South African projects cov
ASX ANNOUNCEMENT 28 August 2009
MPO SECURES SITE FOR POWER STATION IN MOURA, QUEENSLAND
Molopo Australia Limited, through its subsidiary company Molopo Generation Pty Ltd, has
signed option agreements with various parties which will allow the Company to acquire a
site in Moura for its gas-fired power generation project (“the Project”), based on its coal
bed methane (“CBM”) interests in Mungi (PL 94 northern sub-lease), Bowen Basin,
Queensland.
The option agreements are conditional on Molopo being granted an exemption under the
Land Sales Act 1984 (Queensland) to enable a separate title for the preferred site to be
created. Once this requirement is met, Molopo will initiate the final stages of the Project’s
feasibility study.
Signing of the option agreements demonstrates Molopo’s commitment to commercialising
its Bowen Basin CBM interests, and follows the favourable results to date of a feasibility
study in relation to the Project, combined with the performance of the Mungi multi-lateral
wells as announced in earlier releases.
The Company plans to exercise its option over the preferred site after completing the final
stages of the Project’s feasibility study, granting of development approvals and board
approval to proceed with development.
The Project is expected to be operational by mid-2011. It will supply electricity into the
National Electricity Market (“NEM”) via the existing electricity network. Its greenhouse
emissions will be approximately 43% lower than those from black coal-fired power stations
using existing technology. The project will be built in two stages, each of 30MW capacity,
and will be financed with a combination of debt and equity.
Molopo’s Managing Director, Stephen Mitchell, stated “Securing a site for our power
project is a significant milestone for the Company, and is integral to the Company’s
commercialisation strategy for its CBM interests in Queensland.”
Chief Commercial Officer, Ric Sotelo, said “The Project will enable the Company to
maximise the value of its CBM production by providing flexibility to switch from base load
operation to peak load, should it be more profitable to sell gas directly during off-peak
periods. It is anticipated that the Project will be a market generator, thereby ensuring
access to the NEM with exposure to potential upside in electricity pool prices. The
vertically integrated nature of the Project combined with its on-field location, will ensure
that its marginal cost will be competitive against coal-fired generation, particularly following
the introduction of the Carbon Pollution Reduction Scheme.”
Moura is located in inland central Queensland, which has a substantial electricity load
based on coal mining operations in the Bowen Basin and Queensland Rail’s transport
network.
The final stages of the Project’s feasibility study will include finalising key project
agreements, obtaining approvals from government agencies and securing financing.
During its construction phase, the Project is likely to employ around 30 people.
In a separate initiative, Molopo commenced this week a pre-feasibility study for a power
generation project based on gas from Harcourt South. At this stage, the parameters for
the study envisage a capacity of 100MW. This project will also produce 43% lower
greenhouse emissions when compared to black coal-fired power stations using existing
technology, equivalent to 170,000 tonnes CO2-equivalent per annum.
Issued by: Molopo Australia Limited
For further information contact: Stephen Mitchell MD +61 3 9618 8722
Ric Sotelo CCO +61 3 9618 8722
Molopo Australia Limited is an ASX listed gas producer focused on the development of coalbed methane and other on-shore gas
projects. Molopo holds a 50% interest in several gas fields located in the Bowen Basin, Queensland, a 50% interest in a US gas
project, a 100% interest in a shale gas project in eastern Canada, a 50% interest in two permits in the Clarence Moreton Basin, NSW,
an interest in the Liulin CBM project in China, and a 100% interest in two South African projects cov
Antwort auf Beitrag Nr.: 37.882.380 von texas2 am 30.08.09 23:32:15Temporäre Aussetzung vom Handel
... und jetzt wird MPO auch noch eine Ölfirma
http://www.asx.com.au/asxpdf/20090831/pdf/31kfp6g094p0bs.pdf
... und jetzt wird MPO auch noch eine Ölfirma
http://www.asx.com.au/asxpdf/20090831/pdf/31kfp6g094p0bs.pdf
0,63€ fallend
bin mal raus / +225,52% /
behalte das Ding im Auge
bin mal raus / +225,52% /
behalte das Ding im Auge
meiner Meinung nach wird es weiter gehen und mit etwas Glück sogar besser als bisher, weil MPO mit CBM in Australien jetzt auch noch in Canada mit Öl und Gas ganz gut auf aufgestellt ist
Antwort auf Beitrag Nr.: 37.898.841 von texas2 am 02.09.09 06:41:48außerdem sind in Australien die interessantesten Nacrichten noch gar nicht raus: der Anglo Anteil Kauf oder Verkauf von einer Beteiligung eines CBM Feldes
Antwort auf Beitrag Nr.: 37.889.385 von texas2 am 31.08.09 21:35:20Tight reservoir specialists Molopo Australia has received shareholder approval for its acquisition agreement of Canadian oil company, Spearfish (Brink Energy).
The total acquisition price of C$13.0 million, comprised C$6.5 million in cash and C$6.5m in Molopo shares (equivalent to 6,147,382 Molopo shares).
The acquisition will give Molopo a 75% working interest in and operatorship of the Spearfish acreage, located in the Williston basin in Manitoba.
Currently producing 76 barrels of oil per day net to Molopo, the acreage package comprises 86 sections of land (one section contains 640 acres) and independently certified working interest net 2P reserves of 475 thousand barrels of oil.
Molopo’s chief operating officer, Ian Gorman said earlier of the acquisition of Spearfish (and Bakken), “the acquisitions are a natural progression for Molopo as they give us scope to leverage the knowledge we have of horizontal drilling in tight reservoirs by applying it to an area that can immediately generate material cash flows."
Molopo’s technical team has demonstrated ability and experience to bring unconventional reservoirs onstream at low cost.
The Spearfish oil play is an unconventional one, requiring the use of horizontal wells that are fracture stimulated to deliver economic well flow rates.
Fraccing into the underlying water has been a source of significant production problems for operators. The key to developing the area is to keep the individual fracs large enough to stimulate the tight Spearfish sands but not to let them propagate into the underlying water formation.
Molopo will initially target horizontal well initial production rates of 150 b/d which it would expect to decline by 50% over the first 12 months and stabilise in the 30-50b/d range over the long term. Reserves per horizontal well are likely to be approximately 0.15-0.20 MMstb with well costs for drilling, completion and tie-in in the range of C$1.7-2.0.
Molopo will need to complete approximately C$2 million of work programmes before the end of 2009. Additional minimum commitment to June 2010 is a further C$1 million. It is likely that Molopo will spend more than these minimum levels in order to achieve a production level of 300-400 b/d by June 2010.
The high graded Pierson and Lyleton areas offer scope for some 50-75 new well locations and over the next 2-3 years could support production levels in the 3000-5000 b/d range depending on the pace of development activity and assuming successful appraisal at Lyleton.
Spearfish oil is a light sweet crude which is sold under the Edmonton Light crude classification. This crude achieves essentially price parity with WTI which recently has been trading in the US$70-75 per bbl range. Operating costs are expected to be initially in the C$15-20 per bbl range and may decrease to C$10-15 per bbl as production levels increase.
The total acquisition price of C$13.0 million, comprised C$6.5 million in cash and C$6.5m in Molopo shares (equivalent to 6,147,382 Molopo shares).
The acquisition will give Molopo a 75% working interest in and operatorship of the Spearfish acreage, located in the Williston basin in Manitoba.
Currently producing 76 barrels of oil per day net to Molopo, the acreage package comprises 86 sections of land (one section contains 640 acres) and independently certified working interest net 2P reserves of 475 thousand barrels of oil.
Molopo’s chief operating officer, Ian Gorman said earlier of the acquisition of Spearfish (and Bakken), “the acquisitions are a natural progression for Molopo as they give us scope to leverage the knowledge we have of horizontal drilling in tight reservoirs by applying it to an area that can immediately generate material cash flows."
Molopo’s technical team has demonstrated ability and experience to bring unconventional reservoirs onstream at low cost.
The Spearfish oil play is an unconventional one, requiring the use of horizontal wells that are fracture stimulated to deliver economic well flow rates.
Fraccing into the underlying water has been a source of significant production problems for operators. The key to developing the area is to keep the individual fracs large enough to stimulate the tight Spearfish sands but not to let them propagate into the underlying water formation.
Molopo will initially target horizontal well initial production rates of 150 b/d which it would expect to decline by 50% over the first 12 months and stabilise in the 30-50b/d range over the long term. Reserves per horizontal well are likely to be approximately 0.15-0.20 MMstb with well costs for drilling, completion and tie-in in the range of C$1.7-2.0.
Molopo will need to complete approximately C$2 million of work programmes before the end of 2009. Additional minimum commitment to June 2010 is a further C$1 million. It is likely that Molopo will spend more than these minimum levels in order to achieve a production level of 300-400 b/d by June 2010.
The high graded Pierson and Lyleton areas offer scope for some 50-75 new well locations and over the next 2-3 years could support production levels in the 3000-5000 b/d range depending on the pace of development activity and assuming successful appraisal at Lyleton.
Spearfish oil is a light sweet crude which is sold under the Edmonton Light crude classification. This crude achieves essentially price parity with WTI which recently has been trading in the US$70-75 per bbl range. Operating costs are expected to be initially in the C$15-20 per bbl range and may decrease to C$10-15 per bbl as production levels increase.
Antwort auf Beitrag Nr.: 38.109.463 von texas2 am 03.10.09 15:18:57MOLOPO TO SELL CLARENCE MORETON INTERESTS TO METGASCo
Molopo Australia Ltd (“Molopo”) announces that it has entered a conditional agreement to sell its
non-operated interests in the Clarence Moreton Basin, NSW, to Metgasco Limited (“Metgasco”)
for $7million and a production royalty.
The sale consideration comprises $3million in cash, $4million in Metgasco shares
(“Consideration Shares”), with the royalty component being 2.5% applied to the wellhead value
of 50% of gas which is produced from reservoirs below 800 metres in PEL 13. Metgasco will
have an option to buy out the royalty.
Molopo’s Managing Director, Stephen Mitchell said: “The sale of our interests in the Clarence
Moreton Basin will allow Molopo to focus its resources on core assets in Queensland, Canada,
and South Africa where we believe cash flow, reserves and value can be built more rapidly and
efficiently”.
The Clarence Moreton Basin interests comprise Molopo’s 43.4% interest in each of the coalbed
methane (CBM) and conventional gas resources in PEL 426, and its 25% and 50% interests in
the CBM and conventional gas resources in PEL 13.
The transaction is conditional on Metgasco’s shareholders approving the issue of the
Consideration Shares during Metgasco’s forthcoming Annual General Meeting, execution of the
royalty agreement and approval by the Minister responsible for the Petroleum (Onshore) Act
1991, NSW, in respect of the transfer of legal title to the Permits.
The Consideration Shares will be allotted and quoted shortly after Completion. Half the
Consideration Shares issued to Molopo will be subject to a trading restriction for a period 60
trading days following allotment, such that only 10% of the shares can be traded in any ASX
trading day.
The other half of the Consideration Shares (“Tranche 2 Shares”) will be subject to a full trading
restriction for a period 12 months after allotment (“Tranche 2 Restriction Period”), such that no
shares can be traded during this period, after which only 10% of the shares will be able to be
traded for 60 trading days following expiry of Tranche 2 Restriction Period.
Molopo Australia Limited Page 2
The Tranche 2 Shares are subject to a price adjustment mechanism, such that on expiry of the
Tranche 2 Restriction Period, should there be a reduction in the value of the Second Tranche
Shares below $2million, further shares would be issued to Molopo such that the aggregate value
of the Tranche 2 Shares and additional shares is restored to $2million.
The trading restrictions applicable to all Consideration Shares shall be lifted should there be a
change in control of Metgasco.
Molopo Australia Ltd (“Molopo”) announces that it has entered a conditional agreement to sell its
non-operated interests in the Clarence Moreton Basin, NSW, to Metgasco Limited (“Metgasco”)
for $7million and a production royalty.
The sale consideration comprises $3million in cash, $4million in Metgasco shares
(“Consideration Shares”), with the royalty component being 2.5% applied to the wellhead value
of 50% of gas which is produced from reservoirs below 800 metres in PEL 13. Metgasco will
have an option to buy out the royalty.
Molopo’s Managing Director, Stephen Mitchell said: “The sale of our interests in the Clarence
Moreton Basin will allow Molopo to focus its resources on core assets in Queensland, Canada,
and South Africa where we believe cash flow, reserves and value can be built more rapidly and
efficiently”.
The Clarence Moreton Basin interests comprise Molopo’s 43.4% interest in each of the coalbed
methane (CBM) and conventional gas resources in PEL 426, and its 25% and 50% interests in
the CBM and conventional gas resources in PEL 13.
The transaction is conditional on Metgasco’s shareholders approving the issue of the
Consideration Shares during Metgasco’s forthcoming Annual General Meeting, execution of the
royalty agreement and approval by the Minister responsible for the Petroleum (Onshore) Act
1991, NSW, in respect of the transfer of legal title to the Permits.
The Consideration Shares will be allotted and quoted shortly after Completion. Half the
Consideration Shares issued to Molopo will be subject to a trading restriction for a period 60
trading days following allotment, such that only 10% of the shares can be traded in any ASX
trading day.
The other half of the Consideration Shares (“Tranche 2 Shares”) will be subject to a full trading
restriction for a period 12 months after allotment (“Tranche 2 Restriction Period”), such that no
shares can be traded during this period, after which only 10% of the shares will be able to be
traded for 60 trading days following expiry of Tranche 2 Restriction Period.
Molopo Australia Limited Page 2
The Tranche 2 Shares are subject to a price adjustment mechanism, such that on expiry of the
Tranche 2 Restriction Period, should there be a reduction in the value of the Second Tranche
Shares below $2million, further shares would be issued to Molopo such that the aggregate value
of the Tranche 2 Shares and additional shares is restored to $2million.
The trading restrictions applicable to all Consideration Shares shall be lifted should there be a
change in control of Metgasco.
Antwort auf Beitrag Nr.: 38.109.500 von texas2 am 03.10.09 15:39:46Und noch ein Schritt in die langfristig richtige Richtung:
MPO SECURES SITE FOR POWER STATION IN MOURA, QUEENSLAND
Molopo Australia Limited, through its subsidiary company Molopo Generation Pty Ltd, has
signed option agreements with various parties which will allow the Company to acquire a
site in Moura for its gas-fired power generation project (“the Project”), based on its coal
bed methane (“CBM”) interests in Mungi (PL 94 northern sub-lease), Bowen Basin,
Queensland.
The option agreements are conditional on Molopo being granted an exemption under the
Land Sales Act 1984 (Queensland) to enable a separate title for the preferred site to be
created. Once this requirement is met, Molopo will initiate the final stages of the Project’s
feasibility study.
Signing of the option agreements demonstrates Molopo’s commitment to commercialising
its Bowen Basin CBM interests, and follows the favourable results to date of a feasibility
study in relation to the Project, combined with the performance of the Mungi multi-lateral
wells as announced in earlier releases.
The Company plans to exercise its option over the preferred site after completing the final
stages of the Project’s feasibility study, granting of development approvals and board
approval to proceed with development.
The Project is expected to be operational by mid-2011. It will supply electricity into the
National Electricity Market (“NEM”) via the existing electricity network. Its greenhouse
emissions will be approximately 43% lower than those from black coal-fired power stations
using existing technology. The project will be built in two stages, each of 30MW capacity,
and will be financed with a combination of debt and equity.
Molopo’s Managing Director, Stephen Mitchell, stated “Securing a site for our power
project is a significant milestone for the Company, and is integral to the Company’s
commercialisation strategy for its CBM interests in Queensland.”
Chief Commercial Officer, Ric Sotelo, said “The Project will enable the Company to
maximise the value of its CBM production by providing flexibility to switch from base load
operation to peak load, should it be more profitable to sell gas directly during off-peak
periods. It is anticipated that the Project will be a market generator, thereby ensuring
access to the NEM with exposure to potential upside in electricity pool prices. The
vertically integrated nature of the Project combined with its on-field location, will ensure
that its marginal cost will be competitive against coal-fired generation, particularly following
the introduction of the Carbon Pollution Reduction Scheme.”
Moura is located in inland central Queensland, which has a substantial electricity load
based on coal mining operations in the Bowen Basin and Queensland Rail’s transport
network.
The final stages of the Project’s feasibility study will include finalising key project
agreements, obtaining approvals from government agencies and securing financing.
During its construction phase, the Project is likely to employ around 30 people.
In a separate initiative, Molopo commenced this week a pre-feasibility study for a power
generation project based on gas from Harcourt South. At this stage, the parameters for
the study envisage a capacity of 100MW. This project will also produce 43% lower
greenhouse emissions when compared to black coal-fired power stations using existing
technology, equivalent to 170,000 tonnes CO2-equivalent per annum.
Issued
MPO SECURES SITE FOR POWER STATION IN MOURA, QUEENSLAND
Molopo Australia Limited, through its subsidiary company Molopo Generation Pty Ltd, has
signed option agreements with various parties which will allow the Company to acquire a
site in Moura for its gas-fired power generation project (“the Project”), based on its coal
bed methane (“CBM”) interests in Mungi (PL 94 northern sub-lease), Bowen Basin,
Queensland.
The option agreements are conditional on Molopo being granted an exemption under the
Land Sales Act 1984 (Queensland) to enable a separate title for the preferred site to be
created. Once this requirement is met, Molopo will initiate the final stages of the Project’s
feasibility study.
Signing of the option agreements demonstrates Molopo’s commitment to commercialising
its Bowen Basin CBM interests, and follows the favourable results to date of a feasibility
study in relation to the Project, combined with the performance of the Mungi multi-lateral
wells as announced in earlier releases.
The Company plans to exercise its option over the preferred site after completing the final
stages of the Project’s feasibility study, granting of development approvals and board
approval to proceed with development.
The Project is expected to be operational by mid-2011. It will supply electricity into the
National Electricity Market (“NEM”) via the existing electricity network. Its greenhouse
emissions will be approximately 43% lower than those from black coal-fired power stations
using existing technology. The project will be built in two stages, each of 30MW capacity,
and will be financed with a combination of debt and equity.
Molopo’s Managing Director, Stephen Mitchell, stated “Securing a site for our power
project is a significant milestone for the Company, and is integral to the Company’s
commercialisation strategy for its CBM interests in Queensland.”
Chief Commercial Officer, Ric Sotelo, said “The Project will enable the Company to
maximise the value of its CBM production by providing flexibility to switch from base load
operation to peak load, should it be more profitable to sell gas directly during off-peak
periods. It is anticipated that the Project will be a market generator, thereby ensuring
access to the NEM with exposure to potential upside in electricity pool prices. The
vertically integrated nature of the Project combined with its on-field location, will ensure
that its marginal cost will be competitive against coal-fired generation, particularly following
the introduction of the Carbon Pollution Reduction Scheme.”
Moura is located in inland central Queensland, which has a substantial electricity load
based on coal mining operations in the Bowen Basin and Queensland Rail’s transport
network.
The final stages of the Project’s feasibility study will include finalising key project
agreements, obtaining approvals from government agencies and securing financing.
During its construction phase, the Project is likely to employ around 30 people.
In a separate initiative, Molopo commenced this week a pre-feasibility study for a power
generation project based on gas from Harcourt South. At this stage, the parameters for
the study envisage a capacity of 100MW. This project will also produce 43% lower
greenhouse emissions when compared to black coal-fired power stations using existing
technology, equivalent to 170,000 tonnes CO2-equivalent per annum.
Issued
Antwort auf Beitrag Nr.: 38.109.507 von texas2 am 03.10.09 15:42:50Molopo verkauft die chinesischen assets für 6 Mio $
http://asx.com.au/asxpdf/20091117/pdf/31m36b3t32mbl1.pdf
Hätte vielleicht mehr sein können, andererseits ist das politische Risiko für Investitionen in Kanada sicher geringer als in China. Bisher hat MPO bei seinen Deals immer ein glückliches Händchen gehabt und mMn richtig entschieden. Hoffentlich auch diesmal ...
PS: wundere mich woher die fast 29.000 Leser oder Hits für diesen fast Monolog kommen. Von mir wird der thread sicher nicht so oft aufgerufen
http://asx.com.au/asxpdf/20091117/pdf/31m36b3t32mbl1.pdf
Hätte vielleicht mehr sein können, andererseits ist das politische Risiko für Investitionen in Kanada sicher geringer als in China. Bisher hat MPO bei seinen Deals immer ein glückliches Händchen gehabt und mMn richtig entschieden. Hoffentlich auch diesmal ...
PS: wundere mich woher die fast 29.000 Leser oder Hits für diesen fast Monolog kommen. Von mir wird der thread sicher nicht so oft aufgerufen
Antwort auf Beitrag Nr.: 38.406.322 von texas2 am 17.11.09 21:21:11dafür verhandelt MPO mit Anglo über Mungi noch immer
Antwort auf Beitrag Nr.: 38.406.371 von texas2 am 17.11.09 21:26:47hoppala
mpo ist aus dem asx 200 rausgeflogen
mpo ist aus dem asx 200 rausgeflogen
Antwort auf Beitrag Nr.: 38.540.062 von texas2 am 09.12.09 22:38:22Dieses Schlagloch hoffentlich überwunden
Antwort auf Beitrag Nr.: 38.703.495 von texas2 am 10.01.10 18:17:41Nchdem Exxon und Total Milliardenbeträge in nicht konventionelles Öl&Gas investiert haben, sollten die Assets von MPO in Kanada mehr wert sein.
Abwarten was Forest und Talisman in der Nachbarschaft für Raten erzielen.
Abwarten was Forest und Talisman in der Nachbarschaft für Raten erzielen.
Antwort auf Beitrag Nr.: 38.703.655 von texas2 am 10.01.10 19:09:17dieser trend is nicht my friend im augenblick
Antwort auf Beitrag Nr.: 38.703.655 von texas2 am 10.01.10 19:09:17gute nachrichten aus der canadischen nachbarschaft
Following is an article re Questerre's flow rate, with some particularly interesting parts highlighted...
http://www.reuters.com/article/idAFSGE61M0JU20100223?rpc=44
UPDATE 1-Questerre shares hit 20-month high on shale gas find
Tue Feb 23, 2010 2:02pm EST
* Says Utica horizontal well in Quebec tests 12 mmcf/d
* Evaluating pipeline options to tie-in location
* Test exceeds internal threshold for commercial production
* Shares up as much as 46 pct (Adds details, analyst comment, updates share movement)
By Ashutosh Joshi
BANGALORE, Feb 23 (Reuters) - Questerre Energy Corp (QEC.TO) shares rose 46 percent to hit a 20-month high on Tuesday, after the junior energy company found significant gas volumes at a key shale well in Quebec.
The company achieved initial rates of 12 million cubic feet (mmcf) per day at a horizontal well, and said these rates exceeded its estimates for commercial production on a per-well basis, based on targeted development costs.
Questerre, which is looking to commercially explore natural gas at its Utica shale property in the St. Lawrence Lowlands, Quebec, said it was evaluating pipeline options to tie-in the location of the well.
At least, two brokerages increased their price targets on Questerre stock, saying the results were better than their expectations.
Dundee Capital Markets analyst Grant Daunheimer raised his price target on Questerre stock to C$8 from C$4.50 and said he was expecting rates in the range of 1.5 to 3 mmcf/d.
Industrial Alliance Securities analyst Adam Marchionni said the gas production at Utica would be low-cost, compared with other projects such as Horn river, which are located in extremely remote areas, increasing operational costs.
"Utica gas is of such a high quality that it is almost pipeline gas, and very little refinement needs to be done. It is right in the middle of one of the largest markets for the natural gas, so the infrastructure related costs are going to be very low," he said by phone.
However, analyst Daunheimer said in a note that this was the only long-reach horizontal well tested in the Utica play to date, and that decline rates cannot be determined and long-term well costs were still subjective.
Following is an article re Questerre's flow rate, with some particularly interesting parts highlighted...
http://www.reuters.com/article/idAFSGE61M0JU20100223?rpc=44
UPDATE 1-Questerre shares hit 20-month high on shale gas find
Tue Feb 23, 2010 2:02pm EST
* Says Utica horizontal well in Quebec tests 12 mmcf/d
* Evaluating pipeline options to tie-in location
* Test exceeds internal threshold for commercial production
* Shares up as much as 46 pct (Adds details, analyst comment, updates share movement)
By Ashutosh Joshi
BANGALORE, Feb 23 (Reuters) - Questerre Energy Corp (QEC.TO) shares rose 46 percent to hit a 20-month high on Tuesday, after the junior energy company found significant gas volumes at a key shale well in Quebec.
The company achieved initial rates of 12 million cubic feet (mmcf) per day at a horizontal well, and said these rates exceeded its estimates for commercial production on a per-well basis, based on targeted development costs.
Questerre, which is looking to commercially explore natural gas at its Utica shale property in the St. Lawrence Lowlands, Quebec, said it was evaluating pipeline options to tie-in the location of the well.
At least, two brokerages increased their price targets on Questerre stock, saying the results were better than their expectations.
Dundee Capital Markets analyst Grant Daunheimer raised his price target on Questerre stock to C$8 from C$4.50 and said he was expecting rates in the range of 1.5 to 3 mmcf/d.
Industrial Alliance Securities analyst Adam Marchionni said the gas production at Utica would be low-cost, compared with other projects such as Horn river, which are located in extremely remote areas, increasing operational costs.
"Utica gas is of such a high quality that it is almost pipeline gas, and very little refinement needs to be done. It is right in the middle of one of the largest markets for the natural gas, so the infrastructure related costs are going to be very low," he said by phone.
However, analyst Daunheimer said in a note that this was the only long-reach horizontal well tested in the Utica play to date, and that decline rates cannot be determined and long-term well costs were still subjective.
Antwort auf Beitrag Nr.: 38.998.913 von texas2 am 24.02.10 07:20:03MPO verkauft das erste Öl in Canada und hat Aktien ausgegeben
Antwort auf Beitrag Nr.: 39.172.555 von texas2 am 18.03.10 20:33:34Jetzt kann die Zukunft wirklich rosig mit schwarzen Zahlen ausschauen:
I think the next FY financials are for year ended 30 June 2010. We had a $5.8m loss for the 6 months to December... and the ramp up of Canadian Oil will probably only just be starting to truely bring in the $$$$ in June I think. By my quick calcs the 300 barrels/day or so for the next 3 months might bring in $1.5m operating profit, but given the ramp up and the expanding activities, I think this 6 months will be break even although there could be a small profit, depending on actual production. So I think the FY will be a loss or break even at best.
FY2011 will be a completely different story though. If for full year MPO can average say 1500 barrels per day, sells for around $80US, Produces for around $30C, that will give roughly US$27m gross profit for year. I would expect this would only increase in 2012 as production continues to ramp up, and the power station comes online. Makes me shake my head because not only is MPO undervalued on an asset value basis... if the share price doesn't get moving soon it will be undervalued on an earnings basis as well.
As for QLD gas.... there is a lot going on behind closed doors I think, and consolidation is going to continue. The situation with LNG's fisherman's landing now being without gas could provide an opportunity.... but it is very hard to guess what will happen. MPO has put itself in a good position... well I would say prime position to supply anyone who wants the gas. It is the only "Junior" player that has meaningful production in QLD at the moment. This will be a very valuable thing going forward. The amount of Gas required for all the planned LNG projects is mind boggling and I really doubt that ramping up production for the projects will run smoothly ... their will be a lot of snags and hurdles I think. And a lot of the other players like WCL, BUL and BOW that are pursuing reserves are yet to really make any significant progress when it comes to production.
I think the next FY financials are for year ended 30 June 2010. We had a $5.8m loss for the 6 months to December... and the ramp up of Canadian Oil will probably only just be starting to truely bring in the $$$$ in June I think. By my quick calcs the 300 barrels/day or so for the next 3 months might bring in $1.5m operating profit, but given the ramp up and the expanding activities, I think this 6 months will be break even although there could be a small profit, depending on actual production. So I think the FY will be a loss or break even at best.
FY2011 will be a completely different story though. If for full year MPO can average say 1500 barrels per day, sells for around $80US, Produces for around $30C, that will give roughly US$27m gross profit for year. I would expect this would only increase in 2012 as production continues to ramp up, and the power station comes online. Makes me shake my head because not only is MPO undervalued on an asset value basis... if the share price doesn't get moving soon it will be undervalued on an earnings basis as well.
As for QLD gas.... there is a lot going on behind closed doors I think, and consolidation is going to continue. The situation with LNG's fisherman's landing now being without gas could provide an opportunity.... but it is very hard to guess what will happen. MPO has put itself in a good position... well I would say prime position to supply anyone who wants the gas. It is the only "Junior" player that has meaningful production in QLD at the moment. This will be a very valuable thing going forward. The amount of Gas required for all the planned LNG projects is mind boggling and I really doubt that ramping up production for the projects will run smoothly ... their will be a lot of snags and hurdles I think. And a lot of the other players like WCL, BUL and BOW that are pursuing reserves are yet to really make any significant progress when it comes to production.
100te posting
Antwort auf Beitrag Nr.: 39.346.354 von texas2 am 16.04.10 07:36:52101
Antwort auf Beitrag Nr.: 39.379.540 von texas2 am 21.04.10 22:41:02der rote Premier Minister von Australien, träumt davon die Steuern für Bergbau sowie Öl/Gasfirmen zu erhöhen.
wenn er das überhaupt durchbekommen sollte gegen die australische bergbaulobby, dann sollte MPO nicht so stark betroffen sein, weil MPO in Kanada am weitesten ist . in canada wären diese steuern um die hälfte geringer
wenn er das überhaupt durchbekommen sollte gegen die australische bergbaulobby, dann sollte MPO nicht so stark betroffen sein, weil MPO in Kanada am weitesten ist . in canada wären diese steuern um die hälfte geringer
Antwort auf Beitrag Nr.: 39.478.083 von texas2 am 07.05.10 10:01:18mpo fördert jetzt 900 bbl/d (rund 150 m³/d) aus bakken und spearfish
noch keine berauschenden mengen, aber mpo generiert jetzt enen ersten cas flow
auf der anderen seite der grenze ist der bakken ein sehr interessantes assets mit stark steigender produktion und reserven
noch keine berauschenden mengen, aber mpo generiert jetzt enen ersten cas flow
auf der anderen seite der grenze ist der bakken ein sehr interessantes assets mit stark steigender produktion und reserven
Antwort auf Beitrag Nr.: 39.716.488 von texas2 am 21.06.10 20:59:00der rote PM von Australien hat aufgegeben, nachdem ihn sogar die bergbau gewerkschaften besucht haben, die angst um die job ihrer mitglieder bekommen haben, nachdem die onzerne ein investitionsstop angedoht haben.
der neue PM von australien ist jetzt seine stellvertreterin
der neue PM von australien ist jetzt seine stellvertreterin
Antwort auf Beitrag Nr.: 39.734.034 von texas2 am 24.06.10 21:31:26jetzt kommen auch noch FO, Shell, Cheasp. etc. nach SA um unkonventionelles Gas zu suche
Antwort auf Beitrag Nr.: 39.859.527 von texas2 am 22.07.10 10:33:21bakken könnte besser sein
http://www.asx.com.au/asxpdf/20100818/pdf/31ryjdtxdxr4qy.pdf
http://www.asx.com.au/asxpdf/20100818/pdf/31ryjdtxdxr4qy.pdf
Antwort auf Beitrag Nr.: 40.007.892 von texas2 am 18.08.10 20:21:10gute Zusammenfassung vom 1. September von Macquarie unter
http://www.molopo.com.au/investors/presentations/
http://www.molopo.com.au/investors/presentations/
Antwort auf Beitrag Nr.: 40.103.555 von texas2 am 06.09.10 07:28:33http://www.asx.com.au/asxpdf/20100927/pdf/31sqw2hmn0574x.pdf
Antwort auf Beitrag Nr.: 40.213.775 von texas2 am 27.09.10 07:10:56und weiter geht`s
ASX ANNOUNCEMENT / MEDIA RELEASE 14 OCTOBER 2010
WOLFCAMP OIL RESOURCE PLAY ACQUISITION, TEXAS
Molopo has entered into an agreement with a private Texas based oil and gas company to acquire a land position totalling 15,000 net acres (26,900 gross acres) within the emerging Wolfcamp oil resource play in Texas, USA. Molopo has the potential to add another 8,500 net acres via additional leasing, having already acquired an option on 4,100 net acres within the target area.
Molopo’s Managing Director, Mr Stephen Mitchell, said: “For a very small capital outlay and modest work commitments, Molopo has positioned itself in another exciting and emerging oil resource play that, if successful, could have a major impact on the company’s future reserves, production and cash flow. The Wolfcamp acquisition reinforces Molopo’s strategy of targeting significant stakes in tight oil opportunities early in the evolution of the play.”
The Wolfcamp Formation has historically been a proven source rock and occasionally an additional production interval for developers who target the shallower Spraberry Formation in West Texas. More recently, a number of companies including major independents such as EOG, Devon and El Paso have started to target the Wolfcamp Formation as a productive interval in its own right. The latter recently paid some $175 million for approximately 120,000 acres of Wolfcamp acreage located within 10 miles of Molopo’s target area.
Over the acreage identified by Molopo and its partner, the Wolfcamp is present across a vertical depth range of 5000-8000 ft. Total gross thickness of the interval is approximately 2000 ft and is believed to contain several prospective sequences in the Upper, Middle and Lower Wolfcamp. Additional oil and gas targets exist in both shallower and deeper sequences offering potential for additional hydrocarbon reserves and production potential.
Historically, the Wolfcamp interval has generally been commingled with the overlying Spraberry and has flowed at initial production rates of 50-100 b/d. More recently,
2
other companies have started to use multi-stage fracture stimulated horizontal wells
and have reported initial well rates of 150-400 b/d. The Wolfcamp can be compared
to Molopo’s existing Spearfish and Bakken oil resource plays as follows:
Formation OIIP
(MMstb per
Section)
Total
Sections
(Gross)
Net OIIP –
Unrisked
(MMstb)
Initial
Production Rate
Range
(barrels/day)
Wolfcamp 7-60+ 42 130-1120 100-400
Spearfish 10-15 60 480-720 100-200
Bakken 3-6 82 240-480 50-150
• Recovery factors from the Wolfcamp are currently uncertain but can be
expected to be similar to the general 10-15% range experienced in other
emerging oil resource plays. This is comparable to Molopo’s expectations for
the Bakken and Spearfish projects based on a horizontal fracture stimulated
well development.
• Development well spacing is expected to average 4-8 wells per section. Whilst
extensive regional vertical well development and production history exists for
the Wolfcamp, it is only in the last 12-18 months that some operators have
begun to experiment with horizontal wells.
• Wolfcamp oil initially in-place (OIIP) volumes carry a significantly larger range
than for the Spearfish or Bakken plays, and offer greater upside per section.
• Under the acquisition agreement, Molopo will hold an initial 100% working
interest which, after recovery of Molopo’s acquisition and development costs,
will reduce to 80%.
The initial lease terms will be three years with minimal initial work commitments in
the first 12 months. It is expected that Molopo’s minimum commitments during the
first 18 months will be approximately $2.5m.
The Wolfcamp yields a light sweet oil which generally achieves or surpases WTI
Cushing parity. Gas produced in the area has ready access to export pipeline
infrastructure and generally achieves a US$2.00 per Mscf premium to NYMEX
Natural Gas prices because of its significantly higher heating value.
Issued by: Molopo Energy Limited
For further information contact: Stephen Mitchell MD +61 3 9618 8722
Ian Gorman COO +61 3 9618 8722
Anthony Bishop CFO +61 3 9618 8722
Molopo Energy Limited is an ASX-listed petroleum producer focused on the exploration, appraisal, development and production
of unconventional energy projects that include the Spearfish and Bakken tight oil projects in Canada, coal-bed methane
projects in Australia’s Bowen Basin, shale gas projects in Quebec and two gas projects in South Africa.
ASX ANNOUNCEMENT / MEDIA RELEASE 14 OCTOBER 2010
WOLFCAMP OIL RESOURCE PLAY ACQUISITION, TEXAS
Molopo has entered into an agreement with a private Texas based oil and gas company to acquire a land position totalling 15,000 net acres (26,900 gross acres) within the emerging Wolfcamp oil resource play in Texas, USA. Molopo has the potential to add another 8,500 net acres via additional leasing, having already acquired an option on 4,100 net acres within the target area.
Molopo’s Managing Director, Mr Stephen Mitchell, said: “For a very small capital outlay and modest work commitments, Molopo has positioned itself in another exciting and emerging oil resource play that, if successful, could have a major impact on the company’s future reserves, production and cash flow. The Wolfcamp acquisition reinforces Molopo’s strategy of targeting significant stakes in tight oil opportunities early in the evolution of the play.”
The Wolfcamp Formation has historically been a proven source rock and occasionally an additional production interval for developers who target the shallower Spraberry Formation in West Texas. More recently, a number of companies including major independents such as EOG, Devon and El Paso have started to target the Wolfcamp Formation as a productive interval in its own right. The latter recently paid some $175 million for approximately 120,000 acres of Wolfcamp acreage located within 10 miles of Molopo’s target area.
Over the acreage identified by Molopo and its partner, the Wolfcamp is present across a vertical depth range of 5000-8000 ft. Total gross thickness of the interval is approximately 2000 ft and is believed to contain several prospective sequences in the Upper, Middle and Lower Wolfcamp. Additional oil and gas targets exist in both shallower and deeper sequences offering potential for additional hydrocarbon reserves and production potential.
Historically, the Wolfcamp interval has generally been commingled with the overlying Spraberry and has flowed at initial production rates of 50-100 b/d. More recently,
2
other companies have started to use multi-stage fracture stimulated horizontal wells
and have reported initial well rates of 150-400 b/d. The Wolfcamp can be compared
to Molopo’s existing Spearfish and Bakken oil resource plays as follows:
Formation OIIP
(MMstb per
Section)
Total
Sections
(Gross)
Net OIIP –
Unrisked
(MMstb)
Initial
Production Rate
Range
(barrels/day)
Wolfcamp 7-60+ 42 130-1120 100-400
Spearfish 10-15 60 480-720 100-200
Bakken 3-6 82 240-480 50-150
• Recovery factors from the Wolfcamp are currently uncertain but can be
expected to be similar to the general 10-15% range experienced in other
emerging oil resource plays. This is comparable to Molopo’s expectations for
the Bakken and Spearfish projects based on a horizontal fracture stimulated
well development.
• Development well spacing is expected to average 4-8 wells per section. Whilst
extensive regional vertical well development and production history exists for
the Wolfcamp, it is only in the last 12-18 months that some operators have
begun to experiment with horizontal wells.
• Wolfcamp oil initially in-place (OIIP) volumes carry a significantly larger range
than for the Spearfish or Bakken plays, and offer greater upside per section.
• Under the acquisition agreement, Molopo will hold an initial 100% working
interest which, after recovery of Molopo’s acquisition and development costs,
will reduce to 80%.
The initial lease terms will be three years with minimal initial work commitments in
the first 12 months. It is expected that Molopo’s minimum commitments during the
first 18 months will be approximately $2.5m.
The Wolfcamp yields a light sweet oil which generally achieves or surpases WTI
Cushing parity. Gas produced in the area has ready access to export pipeline
infrastructure and generally achieves a US$2.00 per Mscf premium to NYMEX
Natural Gas prices because of its significantly higher heating value.
Issued by: Molopo Energy Limited
For further information contact: Stephen Mitchell MD +61 3 9618 8722
Ian Gorman COO +61 3 9618 8722
Anthony Bishop CFO +61 3 9618 8722
Molopo Energy Limited is an ASX-listed petroleum producer focused on the exploration, appraisal, development and production
of unconventional energy projects that include the Spearfish and Bakken tight oil projects in Canada, coal-bed methane
projects in Australia’s Bowen Basin, shale gas projects in Quebec and two gas projects in South Africa.
Antwort auf Beitrag Nr.: 40.325.835 von texas2 am 14.10.10 22:57:20noellyn
Post #: 5841024
Price at time of posting: $1.16*
In Reply to msg: #5834019
IP: 124.190.xxx.xxx
Sentiment: ST Buy
Disclosure: Stock Held
Views: 64
To view the full post without scrolling please use the full width view or single post view. I was asked by a friend that was unable to get to the meeting to take some notes, so I?ll also share them with you. I have been reluctant to post them on HC as there is a bit of disenchantment of late, and I am not interested in getting into a slinging match with anyone about my observations. I do think that the time to become bullish about this stock is rapidly approaching.
It was a very interesting morning, and as you would have seen from the share price appreciation Friday and today, the market reacted positively to the presentation notes.
The Chairman opened the meeting, and wanted to express some comments before handing over to the MD. He started off stating how 2010 has been such a pivotal year for MPO, and nearly gloating about how successful that they had been making early acquisitions. He then went on to talk about how the industry had changed over the last year, to add shale to CSG. Don stated that they expected to make the same return from Wolfgang as has been expected from Spearfish. He even went on to state that it is ?exciting? to see how well the company?s assets are performing. But then in the next breath spoke of delays from Mungi! ?Africa is going swimmingly? he said. ?Quebec has become a millstone with problems about processing and from the greenies? and will now not be drilled until the first half of 2011. He also said that he was proud to report that operational income has increased from $750k to $6m.
At this stage, a question/comment came from the floor, to the effect that it was all very well for the Board to be happy about the development of the assets, but the reality was, that the market is the adjudicator by share price performance and that had been abysmal. Don acknowledged this and stated that they were amazed how ignored the company was, and made particular reference to the announcement of the initial oil reserves which should have added a minimum of 40c per share. Another person asked whether they had done any research as to why they were being ignored. The response was along the line of Australians don?t value overseas assets, and Canadians/North Americans don?t look to invest on the ASX.
As has been announced by the company, all the resolutions were carried, and without any drama or objection. Very few questions were raised, however regarding the Constitution, a question was asked as to why the MD was exempt from facing election! The answer was that it was in accordance with normal practice and the ASX rules.
Then came the vote for the increase in the maximum $ for the Director Fee Pool. I was expecting this resolution to cause discussion, and I was not disappointed, as a question about the possible TSX listing arose. The Chairman stated that he could only offer a personal view, and that was that he hoped that it would be completed by the end of this calendar year. That is not the decision, but the actual listing! And that the TSX listing would require more independent directors to be appointed. A further question was asked as to whether it was the intention to appoint directors for the Canadian listing or for the local Board (or from Australia). Don replied both.
The Employee Incentive Scheme was approved with no questions being asked. I thought sure that someone would raise a question about that, purely because I believe that it is misunderstood.
Stephen then got his opportunity to speak. I think that he was fearing an assault from the floor, so came out punching from the start, about how he was so disappointed with the poor share price performance. He also thought that the Australian market overlooks the shale/tight oil or gas market. He added that the shale market should be no less spectacular than the CSG market. He thought that perhaps the market had taken an incorrect message from the Anglo sale. Mention was also made of the collapse of the gas prices in North America. Stephen then went onto say that MPO had a package of 1st class assets and a 1st class team working for it, and that they intend to crystalize the full value of the assets over the next year. I felt that he really meant what he was saying. He emphasized that no onshore energy company in Australia has the potential to build 100Pj of gas. Their short term focus is oil and the longer term is gas.
Quebec has been divided into 4 prospective areas.
Stephen stressed the point that MPO has adopted the forward plan as created/derived by Monty Bowers, and that MPO was not trying to impose a plan created by a bunch of Aussies.
Spearfish was originally drilled about 30 years ago and EOG started in that area in 2007. The technology now applied by MPO and the timing of its introduction could not have been better. They felt that it was a major achievement to get the initial reserve classification within such a short time and with such limited drilling.
Spearfish/Bakken is now running at over 1000bbls/d. This was news to me, but they referred to a recent announcement (but I cannot find it) and they are still focusing on 2000bbls/d by Xmas.
They want to emulate EOG results, but achieve it by drilling half the number of wells but twice the length.
p.12 of the presentation refers to the cost of each well. When they commenced it was close to $1.8m and now they have got that down to $1.5m and they are looking to drive that down further. Also note the estimated oil recovery rates on that page.
p.13 points out that they expect to make $40 per barrel.
Re Bakken, Monty is still hopeful of achieving the targeted 110blpd (but may take time).
Re Wolfcamp, in USA the landowner has the mineral rights to the land, so MPO have got someone going around offering farmers a price to acquire a lease to their mineral rights. Apparently this was going very well until El Paso came onto the scene and snapped up 120k acres @ $175 per acre. El Paso is only 10 miles from the boundary of MPO. The potential for the results from Wolfgang to be several times higher than Spearfish and many times higher than the Bakken. The acquisition of Wolfgang has caused a change of focus for MPO and has caused the board to look at the portfolio in a different light. We can expect a change of priority.
Re Qld., Stephen believes that they have made great strides in commerciality, but admits to being behind target and over budget. Mungi 21 & 23 are still in a dewatering phase but they are hopeful of having production rates prior to the end of 2010. I think that he also said that 2 rigs are currently drilling at Harcourt and Mungi.
Re Quebec, MPO will retain the sweetest spot but will look to farm out other areas. MPO is letting Talisman take the lead in the fight so that there is no opportunity for the Canadians to make leverage out of the company wanting to exploit the area being a foreigner, being an Aussie co.
The concluding remarks from Stephen was that the Board had a plan to unlock the true value of the company very soon. They will look to finance the development of the assets from a combination of:
A growing cash flow
Asset sales
Debt
Equity (from a TSX listing)
I have to state that the presentation was extremely good and Stephen was particularly convincing.
Post #: 5841024
Price at time of posting: $1.16*
In Reply to msg: #5834019
IP: 124.190.xxx.xxx
Sentiment: ST Buy
Disclosure: Stock Held
Views: 64
To view the full post without scrolling please use the full width view or single post view. I was asked by a friend that was unable to get to the meeting to take some notes, so I?ll also share them with you. I have been reluctant to post them on HC as there is a bit of disenchantment of late, and I am not interested in getting into a slinging match with anyone about my observations. I do think that the time to become bullish about this stock is rapidly approaching.
It was a very interesting morning, and as you would have seen from the share price appreciation Friday and today, the market reacted positively to the presentation notes.
The Chairman opened the meeting, and wanted to express some comments before handing over to the MD. He started off stating how 2010 has been such a pivotal year for MPO, and nearly gloating about how successful that they had been making early acquisitions. He then went on to talk about how the industry had changed over the last year, to add shale to CSG. Don stated that they expected to make the same return from Wolfgang as has been expected from Spearfish. He even went on to state that it is ?exciting? to see how well the company?s assets are performing. But then in the next breath spoke of delays from Mungi! ?Africa is going swimmingly? he said. ?Quebec has become a millstone with problems about processing and from the greenies? and will now not be drilled until the first half of 2011. He also said that he was proud to report that operational income has increased from $750k to $6m.
At this stage, a question/comment came from the floor, to the effect that it was all very well for the Board to be happy about the development of the assets, but the reality was, that the market is the adjudicator by share price performance and that had been abysmal. Don acknowledged this and stated that they were amazed how ignored the company was, and made particular reference to the announcement of the initial oil reserves which should have added a minimum of 40c per share. Another person asked whether they had done any research as to why they were being ignored. The response was along the line of Australians don?t value overseas assets, and Canadians/North Americans don?t look to invest on the ASX.
As has been announced by the company, all the resolutions were carried, and without any drama or objection. Very few questions were raised, however regarding the Constitution, a question was asked as to why the MD was exempt from facing election! The answer was that it was in accordance with normal practice and the ASX rules.
Then came the vote for the increase in the maximum $ for the Director Fee Pool. I was expecting this resolution to cause discussion, and I was not disappointed, as a question about the possible TSX listing arose. The Chairman stated that he could only offer a personal view, and that was that he hoped that it would be completed by the end of this calendar year. That is not the decision, but the actual listing! And that the TSX listing would require more independent directors to be appointed. A further question was asked as to whether it was the intention to appoint directors for the Canadian listing or for the local Board (or from Australia). Don replied both.
The Employee Incentive Scheme was approved with no questions being asked. I thought sure that someone would raise a question about that, purely because I believe that it is misunderstood.
Stephen then got his opportunity to speak. I think that he was fearing an assault from the floor, so came out punching from the start, about how he was so disappointed with the poor share price performance. He also thought that the Australian market overlooks the shale/tight oil or gas market. He added that the shale market should be no less spectacular than the CSG market. He thought that perhaps the market had taken an incorrect message from the Anglo sale. Mention was also made of the collapse of the gas prices in North America. Stephen then went onto say that MPO had a package of 1st class assets and a 1st class team working for it, and that they intend to crystalize the full value of the assets over the next year. I felt that he really meant what he was saying. He emphasized that no onshore energy company in Australia has the potential to build 100Pj of gas. Their short term focus is oil and the longer term is gas.
Quebec has been divided into 4 prospective areas.
Stephen stressed the point that MPO has adopted the forward plan as created/derived by Monty Bowers, and that MPO was not trying to impose a plan created by a bunch of Aussies.
Spearfish was originally drilled about 30 years ago and EOG started in that area in 2007. The technology now applied by MPO and the timing of its introduction could not have been better. They felt that it was a major achievement to get the initial reserve classification within such a short time and with such limited drilling.
Spearfish/Bakken is now running at over 1000bbls/d. This was news to me, but they referred to a recent announcement (but I cannot find it) and they are still focusing on 2000bbls/d by Xmas.
They want to emulate EOG results, but achieve it by drilling half the number of wells but twice the length.
p.12 of the presentation refers to the cost of each well. When they commenced it was close to $1.8m and now they have got that down to $1.5m and they are looking to drive that down further. Also note the estimated oil recovery rates on that page.
p.13 points out that they expect to make $40 per barrel.
Re Bakken, Monty is still hopeful of achieving the targeted 110blpd (but may take time).
Re Wolfcamp, in USA the landowner has the mineral rights to the land, so MPO have got someone going around offering farmers a price to acquire a lease to their mineral rights. Apparently this was going very well until El Paso came onto the scene and snapped up 120k acres @ $175 per acre. El Paso is only 10 miles from the boundary of MPO. The potential for the results from Wolfgang to be several times higher than Spearfish and many times higher than the Bakken. The acquisition of Wolfgang has caused a change of focus for MPO and has caused the board to look at the portfolio in a different light. We can expect a change of priority.
Re Qld., Stephen believes that they have made great strides in commerciality, but admits to being behind target and over budget. Mungi 21 & 23 are still in a dewatering phase but they are hopeful of having production rates prior to the end of 2010. I think that he also said that 2 rigs are currently drilling at Harcourt and Mungi.
Re Quebec, MPO will retain the sweetest spot but will look to farm out other areas. MPO is letting Talisman take the lead in the fight so that there is no opportunity for the Canadians to make leverage out of the company wanting to exploit the area being a foreigner, being an Aussie co.
The concluding remarks from Stephen was that the Board had a plan to unlock the true value of the company very soon. They will look to finance the development of the assets from a combination of:
A growing cash flow
Asset sales
Debt
Equity (from a TSX listing)
I have to state that the presentation was extremely good and Stephen was particularly convincing.
Antwort auf Beitrag Nr.: 40.338.896 von texas2 am 18.10.10 07:19:50http://www.asx.com.au/asxpdf/20101015/pdf/31t4ppgq8pk316.pdf
Antwort auf Beitrag Nr.: 40.338.920 von texas2 am 18.10.10 07:35:33mpo fördert jetzt 1350 bblpd aus dem spearfish wären rund 100.000 $ beim verkauf mit dem jetzigen ölpreis
mpo hat hinweise auf kosten veröffentlicht und wenn man noch den partneranteil abzieht, weiss man was dort übrig bleibt
mpo hat hinweise auf kosten veröffentlicht und wenn man noch den partneranteil abzieht, weiss man was dort übrig bleibt
Antwort auf Beitrag Nr.: 40.535.054 von texas2 am 17.11.10 06:34:30seit einem halben jahr hat mpo durchwegs positive nachrichten veröffentlicht
Canadian Oil Update
Credit Suisse Presenation
Molopo completes pre-emption and assumes Operatorship
Molopo commences drilling programme at Timmy CSG project
Major Canadian Oil Reserves Increase
Project Update Presentation
Investor Presentation
Wolfcamp Oil Resource Play Acquisition, Texas
Spearfish Oil (Canada) Project Update
leider hat der kurs nicht daruf reagiert
Interessante auflistung auf seite 6
http://www.asx.com.au/asxpdf/20101124/pdf/31v3gh76wq33n9.pdf
Canadian Oil Update
Credit Suisse Presenation
Molopo completes pre-emption and assumes Operatorship
Molopo commences drilling programme at Timmy CSG project
Major Canadian Oil Reserves Increase
Project Update Presentation
Investor Presentation
Wolfcamp Oil Resource Play Acquisition, Texas
Spearfish Oil (Canada) Project Update
leider hat der kurs nicht daruf reagiert
Interessante auflistung auf seite 6
http://www.asx.com.au/asxpdf/20101124/pdf/31v3gh76wq33n9.pdf
Antwort auf Beitrag Nr.: 40.578.975 von texas2 am 24.11.10 07:23:33mpo bringt spearfish und bakken als ipo in canada an die börse.
shale gas canada und wolfcamp sind nicht davon betroffen
mpo´s strategie?
shale gas canada und wolfcamp sind nicht davon betroffen
mpo´s strategie?
Antwort auf Beitrag Nr.: 40.610.973 von texas2 am 29.11.10 19:29:29nein, spearfish wird jetzt verkauft
und einige aktionäre versuchen eine revolution anzuzetteln um einige leute im management auszutauschen
und einige aktionäre versuchen eine revolution anzuzetteln um einige leute im management auszutauschen
Antwort auf Beitrag Nr.: 40.998.583 von texas2 am 07.02.11 22:56:22das jetzt ein wenig unter druck stehende management antwortet:
http://www.asx.com.au/asxpdf/20110209/pdf/41wp2xlm74vwyf.pdf
sooo schlecht haben sie ihren job auch wieder nicht gemacht, aber der aktienkurs ist die letzten paar jahre wahrlich enttäuschend
http://www.asx.com.au/asxpdf/20110209/pdf/41wp2xlm74vwyf.pdf
sooo schlecht haben sie ihren job auch wieder nicht gemacht, aber der aktienkurs ist die letzten paar jahre wahrlich enttäuschend
Antwort auf Beitrag Nr.: 41.038.916 von texas2 am 14.02.11 22:06:32hoffentlich kehrt der neue besen auch wirklich besser
ASX ANNOUNCEMENT / MEDIA RELEASE 15 February 2011
CHANGES TO BOARD AND MANAGEMENT
Molopo announces a number of changes to both its Board and management.
Mr. Geoff Phillips has resigned as a non-executive director of Molopo, effective immediately.
Mr. Gregory Lewin has been appointed Chairman of the Board of Molopo, replacing Mr. Geoff Phillips.
By mutual agreement with the Board, Mr. Stephen Mitchell has ceased to hold the position of Managing Director and Chief Executive Officer of Molopo. As a consequence Mr. Mitchell is no longer a director of the Company.
Effective immediately, executive director Mr. Ian Gorman replaces Mr. Mitchell as Chief Executive Officer of Molopo. It has been agreed that Mr. Gorman will be employed on a 12 month fixed term contract requiring three months notice of termination by either party. Further details regarding Mr. Gorman?s terms of employment will be announced once the contract is finalised.
With the approval of the Board, Mr. Glenn Ross has been appointed an alternate director of Mr. Max Beck.
ASX ANNOUNCEMENT / MEDIA RELEASE 15 February 2011
CHANGES TO BOARD AND MANAGEMENT
Molopo announces a number of changes to both its Board and management.
Mr. Geoff Phillips has resigned as a non-executive director of Molopo, effective immediately.
Mr. Gregory Lewin has been appointed Chairman of the Board of Molopo, replacing Mr. Geoff Phillips.
By mutual agreement with the Board, Mr. Stephen Mitchell has ceased to hold the position of Managing Director and Chief Executive Officer of Molopo. As a consequence Mr. Mitchell is no longer a director of the Company.
Effective immediately, executive director Mr. Ian Gorman replaces Mr. Mitchell as Chief Executive Officer of Molopo. It has been agreed that Mr. Gorman will be employed on a 12 month fixed term contract requiring three months notice of termination by either party. Further details regarding Mr. Gorman?s terms of employment will be announced once the contract is finalised.
With the approval of the Board, Mr. Glenn Ross has been appointed an alternate director of Mr. Max Beck.
Antwort auf Beitrag Nr.: 41.046.680 von texas2 am 15.02.11 23:04:19spearfish ist verkauft
aber was sorgen macht
Quebec government puts brakes on shale-gas drillingMonique Beaudin and Kevin Dougherty, Postmedia News: Wednesday, March 9, 2011
Quebec environment Minister Pierre Arcard released the highly anticipated environmental study on the exploitation of shale gas on March 8, 2011 in Montreal.
Photo Credit: Paul Chiasson, The Canadian PressRELATEDHighly anticipated shale gas report to be revealedMONTREAL - The Quebec government is putting the brakes on shale-gas drilling and exploration in the province, following the release of a special committee report saying such work should be delayed until the government can do a strategic environmental evaluation.
No hydraulic fracturing - in which a mixture of water, sand and chemicals is injected into the ground at high pressure - should be allowed while the study is being carried out, unless it is for research purposes, said the four commissioners who prepared the report for the Bureau d'audiences publique sur l'environnement (BAPE).
The subject has become a matter of intense public debate in recent years as drillers began work on shale-gas deposits in the St. Lawrence lowlands.
"For certain fundamental questions, the answers are only partial or nonexistent," the report said. "Such an evaluation is a necessary step, in order to make an informed decision" and in order to make the development of a shale-gas industry more socially acceptable, the commissioners added.
Quebec Environment Minister Pierre Arcand released the 323-page report, prepared by the BAPE, in Montreal on Tuesday. The study being called for can take two years to complete.
Arcand announced Tuesday that no new drilling would be allowed for shale gas without local approval. The minister also announced he has accepted the BAPE recommendation and will order a strategic environmental evaluation of shale gas.
He noted that the BAPE report found that the scientific evidence of the impact of shale gas development is "partial or inexistent."
And he said that hydraulic fracturing would only be allowed for scientific research purposes, saying the state of scientific knowledge on "fracking" is "extremely limited."
"There will be no compromises on health and the environment," the minister said.
"It will be done correctly or not at all."
New regulations to tighten control over shale-gas exploration would be adopted quickly, Arcand said, and he set a "June or July" deadline for a new committee of experts he will name to study the unknown hazards of fracking and the waste water it generates.
Quebec is believed to have important deposits of shale gas in the area south of the St. Lawrence River, between Montreal and Quebec City. So far, 29 wells have been drilled in the area, and hydraulic fracturing has taken place at 18 of them.
The Quebec Oil and Gas Association, which represents the shale-gas industry in Quebec, said it would not make any comment on the report Tuesday. It wants to take time to analyze the findings, the association said.
The Association quebecoise de lutte contre la pollution atmospherique, one of the environmental groups lobbying against shale-gas development here, said it was expecting the BAPE report to call for a moratorium on drilling.
The commission held public hearings across the province, and visited wells in Canada and the United States. As the commission did its work, opposition to shale gas drilling grew.
A poll conducted in February found that 55 per cent of Quebecers opposed drilling.
Three-quarters of respondents said they wanted a moratorium, and more than 128,000 people signed a petition calling for one.
High-profile Quebecers, including Cirque du Soleil's Guy Laliberte and actor Roy Dupuis, have said Quebec should slow its approach to shale-gas drilling.
In the past month, Quebec's association of engineers, a coalition of Christian social-justice groups and more than 100 university researchers said they also support a moratorium.
While initially very supportive of the shale-gas industry, the Quebec government has changed its approach in recent weeks as news of leaks at gas wells made headlines.
In January, Arcand stepped up inspections at well sites, saying he was "extremely preoccupied" by the leaks. The industry was "not in control of the situation," Arcand said at the time.
Premier Jean Charest has said the development of a shale-gas industry must be done "correctly" or it will not be done at all.
The government estimates that shale gas could bring an estimated $21 billion in royalties to the province and create as many as 6,100 jobs.
© Copyright (c) CW Media Inc.
aber was sorgen macht
Quebec government puts brakes on shale-gas drillingMonique Beaudin and Kevin Dougherty, Postmedia News: Wednesday, March 9, 2011
Quebec environment Minister Pierre Arcard released the highly anticipated environmental study on the exploitation of shale gas on March 8, 2011 in Montreal.
Photo Credit: Paul Chiasson, The Canadian PressRELATEDHighly anticipated shale gas report to be revealedMONTREAL - The Quebec government is putting the brakes on shale-gas drilling and exploration in the province, following the release of a special committee report saying such work should be delayed until the government can do a strategic environmental evaluation.
No hydraulic fracturing - in which a mixture of water, sand and chemicals is injected into the ground at high pressure - should be allowed while the study is being carried out, unless it is for research purposes, said the four commissioners who prepared the report for the Bureau d'audiences publique sur l'environnement (BAPE).
The subject has become a matter of intense public debate in recent years as drillers began work on shale-gas deposits in the St. Lawrence lowlands.
"For certain fundamental questions, the answers are only partial or nonexistent," the report said. "Such an evaluation is a necessary step, in order to make an informed decision" and in order to make the development of a shale-gas industry more socially acceptable, the commissioners added.
Quebec Environment Minister Pierre Arcand released the 323-page report, prepared by the BAPE, in Montreal on Tuesday. The study being called for can take two years to complete.
Arcand announced Tuesday that no new drilling would be allowed for shale gas without local approval. The minister also announced he has accepted the BAPE recommendation and will order a strategic environmental evaluation of shale gas.
He noted that the BAPE report found that the scientific evidence of the impact of shale gas development is "partial or inexistent."
And he said that hydraulic fracturing would only be allowed for scientific research purposes, saying the state of scientific knowledge on "fracking" is "extremely limited."
"There will be no compromises on health and the environment," the minister said.
"It will be done correctly or not at all."
New regulations to tighten control over shale-gas exploration would be adopted quickly, Arcand said, and he set a "June or July" deadline for a new committee of experts he will name to study the unknown hazards of fracking and the waste water it generates.
Quebec is believed to have important deposits of shale gas in the area south of the St. Lawrence River, between Montreal and Quebec City. So far, 29 wells have been drilled in the area, and hydraulic fracturing has taken place at 18 of them.
The Quebec Oil and Gas Association, which represents the shale-gas industry in Quebec, said it would not make any comment on the report Tuesday. It wants to take time to analyze the findings, the association said.
The Association quebecoise de lutte contre la pollution atmospherique, one of the environmental groups lobbying against shale-gas development here, said it was expecting the BAPE report to call for a moratorium on drilling.
The commission held public hearings across the province, and visited wells in Canada and the United States. As the commission did its work, opposition to shale gas drilling grew.
A poll conducted in February found that 55 per cent of Quebecers opposed drilling.
Three-quarters of respondents said they wanted a moratorium, and more than 128,000 people signed a petition calling for one.
High-profile Quebecers, including Cirque du Soleil's Guy Laliberte and actor Roy Dupuis, have said Quebec should slow its approach to shale-gas drilling.
In the past month, Quebec's association of engineers, a coalition of Christian social-justice groups and more than 100 university researchers said they also support a moratorium.
While initially very supportive of the shale-gas industry, the Quebec government has changed its approach in recent weeks as news of leaks at gas wells made headlines.
In January, Arcand stepped up inspections at well sites, saying he was "extremely preoccupied" by the leaks. The industry was "not in control of the situation," Arcand said at the time.
Premier Jean Charest has said the development of a shale-gas industry must be done "correctly" or it will not be done at all.
The government estimates that shale gas could bring an estimated $21 billion in royalties to the province and create as many as 6,100 jobs.
© Copyright (c) CW Media Inc.
Antwort auf Beitrag Nr.: 41.174.896 von texas2 am 10.03.11 07:26:00in Indien wird nicht weiter gemacht
Antwort auf Beitrag Nr.: 41.381.291 von texas2 am 18.04.11 07:55:01http://www.asx.com.au/asxpdf/20110418/pdf/41y380dhrl565m.pdf
mpo ausblick und stratgie
mpo ausblick und stratgie
Current Market Capitalisation: $205 million
Cash Reserves: $106m
Legacy Oil Shares: $91m
MEL Shares: $4m~
That comes to $201m. (excluding options)
The rest of Molopo's assets are valued by the market at $4m (CBM Australia, Bakken Oil, unconventional gas in Canada, Wolfcap in Texas, unconventional in Südafrika)
2008/09 konnte man zuletzt MPO für 80 aussi cent kaufen
Cash Reserves: $106m
Legacy Oil Shares: $91m
MEL Shares: $4m~
That comes to $201m. (excluding options)
The rest of Molopo's assets are valued by the market at $4m (CBM Australia, Bakken Oil, unconventional gas in Canada, Wolfcap in Texas, unconventional in Südafrika)
2008/09 konnte man zuletzt MPO für 80 aussi cent kaufen
Antwort auf Beitrag Nr.: 41.471.096 von texas2 am 09.05.11 07:22:34mpo will in den nächsten 12 monaten 10% der aktien zurückkaufen
Antwort auf Beitrag Nr.: 41.511.421 von texas2 am 16.05.11 23:13:01die ersten 200.000 von 25.000.000 aktien sind zurückgekauft.
2.000.000 aktien sind geshortet
2.000.000 aktien sind geshortet
Antwort auf Beitrag Nr.: 41.511.421 von texas2 am 16.05.11 23:13:01http://www.asx.com.au/asx/statistics/displayAnnouncement.do?…
http://www.asx.com.au/asx/statistics/displayAnnouncement.do?…
http://www.asx.com.au/asx/statistics/displayAnnouncement.do?…
Antwort auf Beitrag Nr.: 41.578.802 von texas2 am 31.05.11 06:53:04MPO kann noch rund 20 mio aktien zurückkaufen
das tax selling in australien ist vorbei
die anzahl der geshorteten aktien ist weniger geworden
kurs ist seit langem wieder innerhalb eines tages ganz gut angestiegen (5 %)
könnte der beginn einer trend umkehr sein? - wir werdens sehen ....
das tax selling in australien ist vorbei
die anzahl der geshorteten aktien ist weniger geworden
kurs ist seit langem wieder innerhalb eines tages ganz gut angestiegen (5 %)
könnte der beginn einer trend umkehr sein? - wir werdens sehen ....
aktienrückkauf vorerst eingestellt
weil veröffentlichungen erwartet werden?
weil veröffentlichungen erwartet werden?
Antwort auf Beitrag Nr.: 41.849.563 von texas2 am 27.07.11 07:44:425,5 mio aktien zurückgekauft
91 mio $ cash
72 mio canad. $ Bestand legacy aktien
produktion in australien, ein bisschen in sa, öl asset in texas, öl im bakken, utha gas asset
marktkapitalisierung: 187 mio $
http://www.asx.com.au/asxpdf/20110729/pdf/4201zv92k246q7.pdf
mpo könnte, müsste mehr wert sein ....
91 mio $ cash
72 mio canad. $ Bestand legacy aktien
produktion in australien, ein bisschen in sa, öl asset in texas, öl im bakken, utha gas asset
marktkapitalisierung: 187 mio $
http://www.asx.com.au/asxpdf/20110729/pdf/4201zv92k246q7.pdf
mpo könnte, müsste mehr wert sein ....
Current market cap of MPO = $130M Approx.
Cash at June 30 = $91m
Legacy shares at current price = $57m approx
Puls assets in AUS, USA, CAN, SA
Sicher nicht überbewertet
Cash at June 30 = $91m
Legacy shares at current price = $57m approx
Puls assets in AUS, USA, CAN, SA
Sicher nicht überbewertet
84 mio austral $ gewinn
schaun wir einmal was sie damit machen
http://www.asx.com.au/asxpdf/20110914/pdf/4212b0vp1ws82k.pdf
schaun wir einmal was sie damit machen
http://www.asx.com.au/asxpdf/20110914/pdf/4212b0vp1ws82k.pdf
Eigentlich bin ich zur Zeit bei MPO optimistisch gestimmt.
Bei ESG bin ich von dem derzeitigen Übernahmeangebot entäuscht,
dafür macht MEL Freude mit 20% Anstiegen in den letzten Tagen
Schaun ma einmal was die Zukunft bringt
http://www.bloomberg.com/news/2011-10-04/molopo-long-way-dow…
Molopo Energy Ltd. (MPO), an explorer focusing on oil projects in the U.S. and Canada, said it is “quite a long way down the process” of selling its coal-bed methane assets in Australia’s Queensland state.
“We’ve been pleased” with the level of interest in the Queensland natural gas project, Ian Gorman, chief executive officer of the Melbourne-based company, said in a telephone interview today. Molopo aims to make an announcement by the end of the year on its plans for the assets, he said.
The Molopo holdings are about 150 kilometers (93 miles) from Gladstone, where BG Group Plc (BG/), ConocoPhillips (COP) and Santos Ltd. (STO) are building plants to liquefy gas from coal deposits for export to Asia. They also are probably the largest gas reserves in Queensland that aren’t already under contract, Gorman said.
The Australian explorer earlier this year hired Lazard Ltd. (LAZ) to advise the company on a potential sale of the coal bed methane assets after announcing plans to concentrate on oil projects in North America. Molopo plans to spend about A$40 million through March 2012 on drilling at its Wolfcamp venture in Texas and its Bakken project in Canada, Gorman said.
“Oil is something that can be monetized much more quickly and becomes cash flow positive much more quickly,” he said. “So by building the company on the back of oil, we are then positioned to be able to tackle long-term gas projects.”
Bow, Eastern Star
Arrow Energy Ltd., owned by Royal Dutch Shell Plc (RDSA) and PetroChina Co., agreed last month to acquire Queensland explorer Bow Energy Ltd. for A$535 million ($509 million), gaining resources for a proposed liquefied natural gas venture. That followed a deal in July by Adelaide-based Santos to buy the shares in Eastern Star Gas Ltd. it didn’t already own for A$730 million.
“Following the recent moves on Eastern Star and Bow and the renewed push by Shell/PetroChina to progress their LNG project in Queensland, Molopo may succeed in achieving a sale price in excess of” A$62 million, Credit Suisse analysts, including Sandra McCullagh in Sydney, said in a Sept. 15 report.
Molopo climbed 1.5 percent to 68.5 cents at the 4:10 p.m. close of Sydney trading, compared with a 0.6 percent drop in the S&P/ASX 200 Index, after the company said it started drilling the first of three planned exploration wells at the Wolfcamp project in Texas. The shares have fallen 35 percent this year.
Bei ESG bin ich von dem derzeitigen Übernahmeangebot entäuscht,
dafür macht MEL Freude mit 20% Anstiegen in den letzten Tagen
Schaun ma einmal was die Zukunft bringt
http://www.bloomberg.com/news/2011-10-04/molopo-long-way-dow…
Molopo Energy Ltd. (MPO), an explorer focusing on oil projects in the U.S. and Canada, said it is “quite a long way down the process” of selling its coal-bed methane assets in Australia’s Queensland state.
“We’ve been pleased” with the level of interest in the Queensland natural gas project, Ian Gorman, chief executive officer of the Melbourne-based company, said in a telephone interview today. Molopo aims to make an announcement by the end of the year on its plans for the assets, he said.
The Molopo holdings are about 150 kilometers (93 miles) from Gladstone, where BG Group Plc (BG/), ConocoPhillips (COP) and Santos Ltd. (STO) are building plants to liquefy gas from coal deposits for export to Asia. They also are probably the largest gas reserves in Queensland that aren’t already under contract, Gorman said.
The Australian explorer earlier this year hired Lazard Ltd. (LAZ) to advise the company on a potential sale of the coal bed methane assets after announcing plans to concentrate on oil projects in North America. Molopo plans to spend about A$40 million through March 2012 on drilling at its Wolfcamp venture in Texas and its Bakken project in Canada, Gorman said.
“Oil is something that can be monetized much more quickly and becomes cash flow positive much more quickly,” he said. “So by building the company on the back of oil, we are then positioned to be able to tackle long-term gas projects.”
Bow, Eastern Star
Arrow Energy Ltd., owned by Royal Dutch Shell Plc (RDSA) and PetroChina Co., agreed last month to acquire Queensland explorer Bow Energy Ltd. for A$535 million ($509 million), gaining resources for a proposed liquefied natural gas venture. That followed a deal in July by Adelaide-based Santos to buy the shares in Eastern Star Gas Ltd. it didn’t already own for A$730 million.
“Following the recent moves on Eastern Star and Bow and the renewed push by Shell/PetroChina to progress their LNG project in Queensland, Molopo may succeed in achieving a sale price in excess of” A$62 million, Credit Suisse analysts, including Sandra McCullagh in Sydney, said in a Sept. 15 report.
Molopo climbed 1.5 percent to 68.5 cents at the 4:10 p.m. close of Sydney trading, compared with a 0.6 percent drop in the S&P/ASX 200 Index, after the company said it started drilling the first of three planned exploration wells at the Wolfcamp project in Texas. The shares have fallen 35 percent this year.
http://www.asx.com.au/asxpdf/20111031/pdf/4225gbfmr9r3jm.pdf
dazu gibt es auch eine Päsentation von Gorman
http://hotcopper.com.au/post_threadview.asp?fid=1&tid=159375…
Die großen Hoffnungen sind Bakken und Wolfcamp
MPO hat KEINE Schulden
Neues Geld soll durch den CBM Verkauf rein kommen wenn der Verkauf klappt
dazu gibt es auch eine Päsentation von Gorman
http://hotcopper.com.au/post_threadview.asp?fid=1&tid=159375…
Die großen Hoffnungen sind Bakken und Wolfcamp
MPO hat KEINE Schulden
Neues Geld soll durch den CBM Verkauf rein kommen wenn der Verkauf klappt
Antwort auf Beitrag Nr.: 42.288.936 von texas2 am 02.11.11 07:27:22Die Präsentation von der Jahresversammlung
http://www.asx.com.au/asxpdf/20111117/pdf/422lf4s9jc2nx1.pdf
gibts auch mit Ton (hotcopper)
Hört sich an, dass alles mit Sinn und Fachverstand gemacht wird.
Jetzt über 1oo mio € schwer und bin optimistisch gespannt auf die nächsten Bohr- & Produktionsergebnisse
http://www.asx.com.au/asxpdf/20111117/pdf/422lf4s9jc2nx1.pdf
gibts auch mit Ton (hotcopper)
Hört sich an, dass alles mit Sinn und Fachverstand gemacht wird.
Jetzt über 1oo mio € schwer und bin optimistisch gespannt auf die nächsten Bohr- & Produktionsergebnisse
Antwort auf Beitrag Nr.: 42.381.273 von texas2 am 21.11.11 22:50:01oder 170 mio $ schwer
Antwort auf Beitrag Nr.: 42.381.293 von texas2 am 21.11.11 22:54:5317/11/11 14:36 (View) Back Post Reply (+9)
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senoj
Post #: 7423546
Price at time of posting: 70c
In Reply to msg: #7422053
IP: 58.175.xxx.xxx
Sentiment: Buy
Disclosure: Stock Held
Views: 152
full width | single post For what it's worth, I did attend the meeting. Tone very positive, meeting very well attended - maybe double that of previous years. Met some impressive company staff. Organised with booths representing specific assets and staffed by people responsible for operation of these assets - a great idea that worked well.
My takeaways - definitely a "buy" - RSA assets sound amazingly productive, Bakken speaks for itself and can't wait till Quebec gets going again.
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senoj
Post #: 7423546
Price at time of posting: 70c
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Sentiment: Buy
Disclosure: Stock Held
Views: 152
full width | single post For what it's worth, I did attend the meeting. Tone very positive, meeting very well attended - maybe double that of previous years. Met some impressive company staff. Organised with booths representing specific assets and staffed by people responsible for operation of these assets - a great idea that worked well.
My takeaways - definitely a "buy" - RSA assets sound amazingly productive, Bakken speaks for itself and can't wait till Quebec gets going again.
Für mich ein wenig überraschend, unerwartet und im Augenblick noch unverständlich ???
http://www.asx.com.au/asxpdf/20111129/pdf/422x0b1pprmdbf.pdf
Molopo ousts chief after contract extension
November 29, 2011 - 11:38AM
Molopo Energy has shown chief executive Ian Gorman the door, just a fortnight after announcing that his contract had been extended indefinitely.
Gorman, who fronted shareholders at the even more recent annual meeting, appears to have almost outplaced himself with chairman Greg Lewin announcing that the change was made to have the boss based in North America.
''The board determined, in consultation and agreement with Molopo's current CEO, Ian Gorman, that the CEO role should be North American focussed, to align with the location of the company's major assets and business strategy,'' said Lewin's statement to the ASX this morning.
Lewin went on to say that Gorman had ''commitments in Australia'' that made it ''impractical'' for him to move to an overseas posting. The shares, which had been in a steep slide almost since the annual meeting, rose 1 cent to 63 cents.
Gorman was the last of the ''old guard'' at Molopo, who rose to chief executive after a shareholder rout of the board and management in February that saw Lewin, along with property developer Max Beck, climb on board.
Under his contract he gets six months payout, which is about $300,000, although he will stay with the group until early January to allow Granger time to get his feet under the desk.
According to his contract ''it is intended that an award of Performance Share Rights under the [Long Term Incentive scheme] to Mr Gorman will be made in early 2012, provided Mr Gorman's performance for the period to 31 December 2011 is satisfactory''. Lewin's statement made no mention of those rights.
In comes Canadian Tim Granger, who until now has been running the Toronto-listed Compton Petroleum which, like Molopo, has leases in the Bakken formation of Saskatchewan.
At Compton, Granger presided over the recapitalisation of a group that was reportedly teetering on the brink with around $C800 million in debt back in 2008.
He also appears to be a cheaper hire. His base salary is $C350,000, where Gorman's was $577,500 — and probably would have been even higher had the company had to pay for his relocation to Canada.
http://www.asx.com.au/asxpdf/20111129/pdf/422x0b1pprmdbf.pdf
Molopo ousts chief after contract extension
November 29, 2011 - 11:38AM
Molopo Energy has shown chief executive Ian Gorman the door, just a fortnight after announcing that his contract had been extended indefinitely.
Gorman, who fronted shareholders at the even more recent annual meeting, appears to have almost outplaced himself with chairman Greg Lewin announcing that the change was made to have the boss based in North America.
''The board determined, in consultation and agreement with Molopo's current CEO, Ian Gorman, that the CEO role should be North American focussed, to align with the location of the company's major assets and business strategy,'' said Lewin's statement to the ASX this morning.
Lewin went on to say that Gorman had ''commitments in Australia'' that made it ''impractical'' for him to move to an overseas posting. The shares, which had been in a steep slide almost since the annual meeting, rose 1 cent to 63 cents.
Gorman was the last of the ''old guard'' at Molopo, who rose to chief executive after a shareholder rout of the board and management in February that saw Lewin, along with property developer Max Beck, climb on board.
Under his contract he gets six months payout, which is about $300,000, although he will stay with the group until early January to allow Granger time to get his feet under the desk.
According to his contract ''it is intended that an award of Performance Share Rights under the [Long Term Incentive scheme] to Mr Gorman will be made in early 2012, provided Mr Gorman's performance for the period to 31 December 2011 is satisfactory''. Lewin's statement made no mention of those rights.
In comes Canadian Tim Granger, who until now has been running the Toronto-listed Compton Petroleum which, like Molopo, has leases in the Bakken formation of Saskatchewan.
At Compton, Granger presided over the recapitalisation of a group that was reportedly teetering on the brink with around $C800 million in debt back in 2008.
He also appears to be a cheaper hire. His base salary is $C350,000, where Gorman's was $577,500 — and probably would have been even higher had the company had to pay for his relocation to Canada.
für ende des jahres war der australische cbm asset verkauf geplant/angekündigt und rund 60 mio $ haben die runde gemacht.
hätte auch nichts dagegen, wenn sie nicht verkaufen, weil ab 2015 höhere preise zu erzielen sein sollten (geplante start für lng verkauf in queensland)
schaun mir einmal was der neue chief so denkt
ps: irgendwie witzig - die bhp truppe um gorman hat es strategiemäßig zum shale gas/oil nach amerika gezogen und jetzt will sie nicht dorthin
hätte auch nichts dagegen, wenn sie nicht verkaufen, weil ab 2015 höhere preise zu erzielen sein sollten (geplante start für lng verkauf in queensland)
schaun mir einmal was der neue chief so denkt
ps: irgendwie witzig - die bhp truppe um gorman hat es strategiemäßig zum shale gas/oil nach amerika gezogen und jetzt will sie nicht dorthin
http://www.asx.com.au/asxpdf/20111222/pdf/423g27rp9cjj77.pdf
also auf 1Q2012 verschoben, weil wahrscheinlich nur ein lausiger Preis angeboten wurde
aber MPO sollte in der Position sein um zu warten
also auf 1Q2012 verschoben, weil wahrscheinlich nur ein lausiger Preis angeboten wurde
aber MPO sollte in der Position sein um zu warten
Antwort auf Beitrag Nr.: 42.511.869 von texas2 am 22.12.11 00:58:3722/12/11 22:38 (View) Back Post Reply (+2)
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Jusik
Post #: 7576477
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Sentiment: LT Buy
Disclosure: Stock Held
Views: 4
full width | single post Clearly most us would be frustrated and disappointed with the extension of the mungi sale process. However, after reading an article and some further research I feel they are definitely looking for the best possible price for shareholders.
“Molopo has about 500 petajoules (13.1bn m³) in proven and probable CBM reserves. This compares with Australian CBM exploration group Bow Energy, which had about half the volume of proven and probable reserves as Molopo.
Bow was bought in a joint bid by Shell and Chinese state-owned oil firm PetroChina for A$535mn ($53xmn) through a deal that was completed this month.”
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Jusik
Post #: 7576477
Price at time of posting: 62c
In Reply to msg: #7572579
IP: 121.88.xxx.xxx
Sentiment: LT Buy
Disclosure: Stock Held
Views: 4
full width | single post Clearly most us would be frustrated and disappointed with the extension of the mungi sale process. However, after reading an article and some further research I feel they are definitely looking for the best possible price for shareholders.
“Molopo has about 500 petajoules (13.1bn m³) in proven and probable CBM reserves. This compares with Australian CBM exploration group Bow Energy, which had about half the volume of proven and probable reserves as Molopo.
Bow was bought in a joint bid by Shell and Chinese state-owned oil firm PetroChina for A$535mn ($53xmn) through a deal that was completed this month.”
Molopo Energy Ltd. (MPO), an Australian exploration company focusing on projects in Canada and the U.S., will look “aggressively” at buying North American oil and gas assets during the next six months.
Molopo is considering purchases of assets owned by Calgary- based explorers and producers that need funds and have too much debt, Chief Executive Officer Tim Granger said in a phone interview from the Canadian city.
“There is a window of opportunity,” said Granger, who started as CEO at Melbourne-based Molopo on Jan. 3. In Calgary a bunch of companies have put themselves into a challenging position, and it’s not because their asset base isn’t good. They’ve gotten themselves a little over-leveraged.”
Molopo, which plans to sell its coal-bed methane assets in Australia as it expands in North America, had cash or cash equivalent of A$90.7 million ($94 million) on June 30 and liabilities (MPO) of A$33.8 million. Canada-based oil and gas exploration companies have an average debt to equity ratio of 34 percent compared with 4 percent for their Australia-based rivals, according to data compiled by Bloomberg.
Companies based outside of the U.S. and Canada made offers worth $57 billion for North American oil and gas exploration and production companies last year, the most in at least 12 years, according to data compiled by Bloomberg. The average premium was 37 percent, the data showed.
Molopo (MPO) last year increased its exploration holdings in the Permian Basin of Texas and added to its position in the Bakken shale formation in Saskatchewan. Its shares fell 0.8 percent to 61 Australian cents in Sydney, valuing it at A$150 million.
Share Sale
The company is also studying selling shares in North America, potentially Toronto, Granger said yesterday, declining to give a timeline or to identify any acquisition targets.
“The board doesn’t believe the assets are getting proper representation with just an Australian listing,” according to Granger, who was previously the chief executive officer of Calgary-based Compton Petroleum Corp.
Molopo expects to complete negotiations over the potential sale of its Queensland assets in the first quarter of 2012, the company said last month.
“We have buyers who are interested and are spending time and effort to look at the Queensland assets,” Granger said. “We’re doing our own math to make sure that whatever number they put forward meets our objective.”
Granger was hired to replace Ian Gorman as CEO after the board determined that Molopo should focus on North America to align with the location of its major assets, the company said Nov. 29.
Molopo is considering purchases of assets owned by Calgary- based explorers and producers that need funds and have too much debt, Chief Executive Officer Tim Granger said in a phone interview from the Canadian city.
“There is a window of opportunity,” said Granger, who started as CEO at Melbourne-based Molopo on Jan. 3. In Calgary a bunch of companies have put themselves into a challenging position, and it’s not because their asset base isn’t good. They’ve gotten themselves a little over-leveraged.”
Molopo, which plans to sell its coal-bed methane assets in Australia as it expands in North America, had cash or cash equivalent of A$90.7 million ($94 million) on June 30 and liabilities (MPO) of A$33.8 million. Canada-based oil and gas exploration companies have an average debt to equity ratio of 34 percent compared with 4 percent for their Australia-based rivals, according to data compiled by Bloomberg.
Companies based outside of the U.S. and Canada made offers worth $57 billion for North American oil and gas exploration and production companies last year, the most in at least 12 years, according to data compiled by Bloomberg. The average premium was 37 percent, the data showed.
Molopo (MPO) last year increased its exploration holdings in the Permian Basin of Texas and added to its position in the Bakken shale formation in Saskatchewan. Its shares fell 0.8 percent to 61 Australian cents in Sydney, valuing it at A$150 million.
Share Sale
The company is also studying selling shares in North America, potentially Toronto, Granger said yesterday, declining to give a timeline or to identify any acquisition targets.
“The board doesn’t believe the assets are getting proper representation with just an Australian listing,” according to Granger, who was previously the chief executive officer of Calgary-based Compton Petroleum Corp.
Molopo expects to complete negotiations over the potential sale of its Queensland assets in the first quarter of 2012, the company said last month.
“We have buyers who are interested and are spending time and effort to look at the Queensland assets,” Granger said. “We’re doing our own math to make sure that whatever number they put forward meets our objective.”
Granger was hired to replace Ian Gorman as CEO after the board determined that Molopo should focus on North America to align with the location of its major assets, the company said Nov. 29.
full width | single post
I had a chat with MPO a couple of days ago in regards to the recent upheaval and missing the asset sale. I wanted to make sure we were still on track with the 'focus strategy' which is a good direction to take MPO.
I was a little concerned about the recent interview with Reuters and the news that we will be aggressively pursuing acquisitions.
Some of the points from the discussion;
1. What Tim G actually told the reporter is that his top priority is to de-risk MPO with haste. There are a lot of O & G companies in Nth Am that are over leveraged, some in financial distress, that will need to off load assets. Tim G plans on acquiring assets that have some existing production capacity, only when they represent value for money. Our balance sheet is healthy compared to most so we are in a very good position.
We are not being set up for a take over. The intention is to move MPO along the O & G lifecycle in Ian G’s strategy. We will become an explorer/producer rather than just an explorer.
2. MPO conceded that the missed asset sale was not good but they will not sell Mungi for less than they think it is worth. That is not in the best interests of shareholders. Their opinion is that the asset will increase in value as the big LNG trains are developed. The big players will be hungry to tie up additional supply. It is frustrating that the sale did not happen in the timeline but we will get a good sale or we'll de-risk further ourselves. MPO has alternate plans for the asset if the sale is missed.
I'd be surprised if Mungi is well funded when we have better potential in Nth Am but the alternative of selling any asset cheaply doesn't appeal to me. Especially to vultures such as Santos and Shell. What I think is encouraging is that our board will not bow to inferior offers unlike BOW and ESG.
Anyway I am happy to remain a holder at this point. I brought MPO for the long term and whilst I am disappointed at the current share price and lack of haste to production I believe we are on the right track.
The new investor relations exe (Joanne) is excellent she is very personable and knowledgeable. Exactly what MPO needs in that position.
I had a chat with MPO a couple of days ago in regards to the recent upheaval and missing the asset sale. I wanted to make sure we were still on track with the 'focus strategy' which is a good direction to take MPO.
I was a little concerned about the recent interview with Reuters and the news that we will be aggressively pursuing acquisitions.
Some of the points from the discussion;
1. What Tim G actually told the reporter is that his top priority is to de-risk MPO with haste. There are a lot of O & G companies in Nth Am that are over leveraged, some in financial distress, that will need to off load assets. Tim G plans on acquiring assets that have some existing production capacity, only when they represent value for money. Our balance sheet is healthy compared to most so we are in a very good position.
We are not being set up for a take over. The intention is to move MPO along the O & G lifecycle in Ian G’s strategy. We will become an explorer/producer rather than just an explorer.
2. MPO conceded that the missed asset sale was not good but they will not sell Mungi for less than they think it is worth. That is not in the best interests of shareholders. Their opinion is that the asset will increase in value as the big LNG trains are developed. The big players will be hungry to tie up additional supply. It is frustrating that the sale did not happen in the timeline but we will get a good sale or we'll de-risk further ourselves. MPO has alternate plans for the asset if the sale is missed.
I'd be surprised if Mungi is well funded when we have better potential in Nth Am but the alternative of selling any asset cheaply doesn't appeal to me. Especially to vultures such as Santos and Shell. What I think is encouraging is that our board will not bow to inferior offers unlike BOW and ESG.
Anyway I am happy to remain a holder at this point. I brought MPO for the long term and whilst I am disappointed at the current share price and lack of haste to production I believe we are on the right track.
The new investor relations exe (Joanne) is excellent she is very personable and knowledgeable. Exactly what MPO needs in that position.
Antwort auf Beitrag Nr.: 42.619.795 von texas2 am 19.01.12 21:49:11Still, if there's a boardroom implosion at the publisher, chairman Roger Corbett can take solace in his sideline interest in the US-centric shale-oil play.
Corbett was part of a cabal of deep-pocketed folk including Max Beck, Bruce Mathieson and Boris Liberman who seized control of Molopo a year ago, on the platform of improving the share price. The stock has since lost a further 40 per cent, but is the promised turnaround nigh?
Molopo on Monday shed its stake in Canadian outfit Legacy Oil and Gas for $67 million and yesterday followed up with a $36m drilling program to get its prospects (mainly Bakken in Canada and Wolfcamp in the US) flowing the black gold at decent rates.
Management targets calendar 2012 output of 680 barrels a day from these prospects.
Although Bakken shale ventures tend to be a case of low risk but for low reserves, three wells on the Wolfcamp promise more exciting yields. Results are expected within four weeks.
On paper, Molopo's $155m market valuation is compelling: EL & C Baillieu analyst Ivor Ries estimates Molopo will sit on cash of $170m post the Legacy sale and after the expected divestment of its Queensland coal-seam gas tenements. Ascribe a $70m worth (on a bad day) for the North American stuff and Molopo is "worth" about $1 a share.
New management has a lot of convincing to do, but a Wolfcamp gusher would help bolster their resources street cred.
Source: The Australian
Corbett was part of a cabal of deep-pocketed folk including Max Beck, Bruce Mathieson and Boris Liberman who seized control of Molopo a year ago, on the platform of improving the share price. The stock has since lost a further 40 per cent, but is the promised turnaround nigh?
Molopo on Monday shed its stake in Canadian outfit Legacy Oil and Gas for $67 million and yesterday followed up with a $36m drilling program to get its prospects (mainly Bakken in Canada and Wolfcamp in the US) flowing the black gold at decent rates.
Management targets calendar 2012 output of 680 barrels a day from these prospects.
Although Bakken shale ventures tend to be a case of low risk but for low reserves, three wells on the Wolfcamp promise more exciting yields. Results are expected within four weeks.
On paper, Molopo's $155m market valuation is compelling: EL & C Baillieu analyst Ivor Ries estimates Molopo will sit on cash of $170m post the Legacy sale and after the expected divestment of its Queensland coal-seam gas tenements. Ascribe a $70m worth (on a bad day) for the North American stuff and Molopo is "worth" about $1 a share.
New management has a lot of convincing to do, but a Wolfcamp gusher would help bolster their resources street cred.
Source: The Australian
+7% für MPO heute in Oz
Gibt ein Angebot für WCL, in der Nachbarschaft von MPOs Mungi asset, das verkauft werden soll
Gibt ein Angebot für WCL, in der Nachbarschaft von MPOs Mungi asset, das verkauft werden soll
die erste 3 abgelenkten wolfcamp bohrungen wurden mit 50-300 bpd getestet
würde sagen 300 bpd ist ok (50 bpd weniger) für shale oil und es besteht noch verbesserungspotential
würde sagen 300 bpd ist ok (50 bpd weniger) für shale oil und es besteht noch verbesserungspotential
Antwort auf Beitrag Nr.: 42.830.168 von texas2 am 29.02.12 23:30:32Profit with Undiscovered Oil and Gas Plays: Josh Young
BY THE ENERGY REPORT, ON MARCH 15TH, 2012 IN ENERGY
JY: Molopo Energy Ltd. (MPO:ASX) is another company I’ve talked about before. The stock is still stuck in a morass, despite an exciting deal in the works. Its CEO has been telling investors that he expects an ongoing asset sale process that the company has been involved with in Queensland, Australia to close in March. There are a number of reasons to expect a high sale value for the Australian asset. The price of liquid natural gas (LNG) in Japan, which is the primary market for Australian natural gas, has seen prices as high as $18 and $20 per thousand cubic feet (mcf). A nearby competitor in Queensland recently announced an offer that would imply a very high value for Molopo’s assets—as much as $150–200M. I don’t expect the assets to sell for quite that much, but could come in at a higher price than people expected.
TER: Where is that stock trading these days?
JY: Molopo trades around $0.70, with a market cap of around $150M. The company has $100M in cash, no debt and is currently producing net around 500 bbl/day. Combining the current production value plus its cash, you get everything else for free. It could easily sell the Queensland asset for $80M, plus it has development locations across 20,000 net acres in the Permian basin and a potential Bakken play on 50,000 net acres in southeast Saskatchewan. Analysts covering the stock estimate its value at $1.00-1.50.
http://jutiagroup.com/20120315-profit-with-undiscovered-oil-…
BY THE ENERGY REPORT, ON MARCH 15TH, 2012 IN ENERGY
JY: Molopo Energy Ltd. (MPO:ASX) is another company I’ve talked about before. The stock is still stuck in a morass, despite an exciting deal in the works. Its CEO has been telling investors that he expects an ongoing asset sale process that the company has been involved with in Queensland, Australia to close in March. There are a number of reasons to expect a high sale value for the Australian asset. The price of liquid natural gas (LNG) in Japan, which is the primary market for Australian natural gas, has seen prices as high as $18 and $20 per thousand cubic feet (mcf). A nearby competitor in Queensland recently announced an offer that would imply a very high value for Molopo’s assets—as much as $150–200M. I don’t expect the assets to sell for quite that much, but could come in at a higher price than people expected.
TER: Where is that stock trading these days?
JY: Molopo trades around $0.70, with a market cap of around $150M. The company has $100M in cash, no debt and is currently producing net around 500 bbl/day. Combining the current production value plus its cash, you get everything else for free. It could easily sell the Queensland asset for $80M, plus it has development locations across 20,000 net acres in the Permian basin and a potential Bakken play on 50,000 net acres in southeast Saskatchewan. Analysts covering the stock estimate its value at $1.00-1.50.
http://jutiagroup.com/20120315-profit-with-undiscovered-oil-…
Antwort auf Beitrag Nr.: 42.830.168 von texas2 am 29.02.12 23:30:32wolfcamp weckt hoffnungen
http://www.approachresources.com/approach/files/ab/ab8ea30d-…
http://www.approachresources.com/approach/files/ab/ab8ea30d-…
Antwort auf Beitrag Nr.: 43.027.339 von texas2 am 11.04.12 23:28:00und außerdem besteht immer noch die chance auf den gewinn dieser wette hier(esg hat sich erfüllt und wurde von sto geschluckt; und mpo, mel müssten noch kommen)
Growing coal seam gas reserves
100% ownership of gas reserves
Large uncontracted reserve position in
the CSG sector
Reserves:
Cover PEL 13 and 16
Over 10% of area
Excludes conventional gas
Scope to significantly increase CSG
reserves
Australian Coal Seam Gas Reserves (Petajoules)
Company 3P 2P
QGC (BG) 14261 7245
Origin 7268 5122
ConocoPhillips 6265 5004
Santos 7409 4564
Shell 6879 2874
PetroChina 4129 2636
AGL 3506 2029
Metgasco 2542 428
Sinopec 2211 1766
Petronas 2112 1377
TOTAL 2112 1377
Kogas 1152 751
Molopo 817 345
Westside 725 258
Senex 249 79
Mitsui 212 110
CS Energy 189 70
Dart 102 45
Total 62,140 36,080
Source: Company Research and Internal estimates
Conversion of reserves: 1.04 PJ/1.00 Bcf
oder siehe besser hier: http://www.asx.com.au/asxpdf/20120305/pdf/424t6w6yhjlhnw.pdf
Growing coal seam gas reserves
100% ownership of gas reserves
Large uncontracted reserve position in
the CSG sector
Reserves:
Cover PEL 13 and 16
Over 10% of area
Excludes conventional gas
Scope to significantly increase CSG
reserves
Australian Coal Seam Gas Reserves (Petajoules)
Company 3P 2P
QGC (BG) 14261 7245
Origin 7268 5122
ConocoPhillips 6265 5004
Santos 7409 4564
Shell 6879 2874
PetroChina 4129 2636
AGL 3506 2029
Metgasco 2542 428
Sinopec 2211 1766
Petronas 2112 1377
TOTAL 2112 1377
Kogas 1152 751
Molopo 817 345
Westside 725 258
Senex 249 79
Mitsui 212 110
CS Energy 189 70
Dart 102 45
Total 62,140 36,080
Source: Company Research and Internal estimates
Conversion of reserves: 1.04 PJ/1.00 Bcf
oder siehe besser hier: http://www.asx.com.au/asxpdf/20120305/pdf/424t6w6yhjlhnw.pdf
Antwort auf Beitrag Nr.: 43.027.339 von texas2 am 11.04.12 23:28:00molopo spielt jetzt molopolie
weil mpo soviel vertrauen in wolfcamp hat werden sie jetzt ihre investitionen bis ende des jahres auf über 90 mio oz $ erhöhen
http://www.asx.com.au/asxpdf/20120423/pdf/425rnd2gvhc581.pdf
weil mpo soviel vertrauen in wolfcamp hat werden sie jetzt ihre investitionen bis ende des jahres auf über 90 mio oz $ erhöhen
http://www.asx.com.au/asxpdf/20120423/pdf/425rnd2gvhc581.pdf
quaterly report
Thread: Kein Titel für Thread 2012043042504
neue preso
http://www.asx.com.au/asxpdf/20120430/pdf/425xbs0jwdvd4v.pdf
langsam langsam wird mpo eine richtige ölfirma heheh, freu
Thread: Kein Titel für Thread 2012043042504
neue preso
http://www.asx.com.au/asxpdf/20120430/pdf/425xbs0jwdvd4v.pdf
langsam langsam wird mpo eine richtige ölfirma heheh, freu
Zitat von texas2: quaterly report
Thread: Kein Titel für Thread 2012043042504
neue preso
http://www.asx.com.au/asxpdf/20120430/pdf/425xbs0jwdvd4v.pdf
langsam langsam wird mpo eine richtige ölfirma heheh, freu
noch einmal quaterly:
http://www.asx.com.au/asxpdf/20120430/pdf/425xbs0jwdvd4v.pdf
meine oz O&Gs sind heute fast alle ziemlich rot - nicht so schön
Hungry Like the Wolf for US Deals
May 10, 2012, 9:45 AM
Molopo Hungry Like the Wolf for US Deals Deal Journal Australia HOME PAGE » By Robb M. Stewart
Molopo Energy believes it already has a company-making asset in the Wolfcamp acreage in West Texas, but it won’t say no to another. The ASX-listed oil company is in “soft discussions” on a number of possible acquisition opportunities, although in the first quarter of the year it rejected as many as 15 proposals, said Tim Granger, Molopo’s Calgary-based chief executive officer and managing director. “We are scouting around,” Mr. Granger said in an interview between meeting Australia-based investors and analysts, adding the company wasn’t about to rush into a deal. Prospective targets must be in North America and in oil, and would have to compete with the scale of the Wolfcamp assets, he said. Mr. Granger took on the role of CEO in January in a move that emphasized the company’s shift in focus to the U.S. and Canada. The company’s Australian assets are currently on the block, and Molopo’s board is keen to explore a secondary listing in North America, possibly on the Toronto stock exchange. Molopo in April lifted its capital investment program for this year to 98 million Australian dollars (US$98.5 million) from a previous estimate of just A$36 million, and said it was aiming to produce 2,300 barrels of oil equivalent per day by the end of December from 215 barrels a day in the first quarter. The company has contracted a rig in Texas for a year to support an expanded drilling program and six new wells in the Permian Basin, and Mr. Granger said the focus for the company is on continued strong drill results. In Australia, there has been a lot of “tire kicking” of Molopo’s coal-bed methane assets in Queensland’s Bowen Basin, but the number of serious suitors has been narrowed down and negotiations continue. “We’ve got the right players in the room now,” Mr. Granger said. Molopo in December extended the formal sales process for the assets, and at the time said it expected negotiations to be completed in the first quarter of 2012. Mr. Granger said there is no pressure to sell, since the North American exploration and development plans will be funded from cash reserves that should leave the company with a cash balance of roughly A$25 million at the end of the year. The company has been extending its exploration holdings in the Bakken shale formation in Saskatchewan and the Permian Basin, and in April agreed to buy its partner’s 22% interest in the Fiesta project for US$9 million to give it full control and take its holdings to about 25,000 acres in the Permian. Molopo also is sitting with roughly 1.4 million acres in Quebec, which Mr. Granger said is essentially an option on gas while is development is frozen under a provincial moratorium on shale development.
Hungry Like the Wolf for US Deals
May 10, 2012, 9:45 AM
Molopo Hungry Like the Wolf for US Deals Deal Journal Australia HOME PAGE » By Robb M. Stewart
Molopo Energy believes it already has a company-making asset in the Wolfcamp acreage in West Texas, but it won’t say no to another. The ASX-listed oil company is in “soft discussions” on a number of possible acquisition opportunities, although in the first quarter of the year it rejected as many as 15 proposals, said Tim Granger, Molopo’s Calgary-based chief executive officer and managing director. “We are scouting around,” Mr. Granger said in an interview between meeting Australia-based investors and analysts, adding the company wasn’t about to rush into a deal. Prospective targets must be in North America and in oil, and would have to compete with the scale of the Wolfcamp assets, he said. Mr. Granger took on the role of CEO in January in a move that emphasized the company’s shift in focus to the U.S. and Canada. The company’s Australian assets are currently on the block, and Molopo’s board is keen to explore a secondary listing in North America, possibly on the Toronto stock exchange. Molopo in April lifted its capital investment program for this year to 98 million Australian dollars (US$98.5 million) from a previous estimate of just A$36 million, and said it was aiming to produce 2,300 barrels of oil equivalent per day by the end of December from 215 barrels a day in the first quarter. The company has contracted a rig in Texas for a year to support an expanded drilling program and six new wells in the Permian Basin, and Mr. Granger said the focus for the company is on continued strong drill results. In Australia, there has been a lot of “tire kicking” of Molopo’s coal-bed methane assets in Queensland’s Bowen Basin, but the number of serious suitors has been narrowed down and negotiations continue. “We’ve got the right players in the room now,” Mr. Granger said. Molopo in December extended the formal sales process for the assets, and at the time said it expected negotiations to be completed in the first quarter of 2012. Mr. Granger said there is no pressure to sell, since the North American exploration and development plans will be funded from cash reserves that should leave the company with a cash balance of roughly A$25 million at the end of the year. The company has been extending its exploration holdings in the Bakken shale formation in Saskatchewan and the Permian Basin, and in April agreed to buy its partner’s 22% interest in the Fiesta project for US$9 million to give it full control and take its holdings to about 25,000 acres in the Permian. Molopo also is sitting with roughly 1.4 million acres in Quebec, which Mr. Granger said is essentially an option on gas while is development is frozen under a provincial moratorium on shale development.
ein grausamer absturz
europa geht pleite wegen PIIGS?
JP Morgan, die größte US Bank muss Ölaktien verkaufen um Verluste aufzufangen?
Glaube nicht dass die Welt unter geht und Zuckerberg ist jetzt endgültig Millardär geworden
0,49 oz $ schaun wir einmal wie weit es weiter runter geht
europa geht pleite wegen PIIGS?
JP Morgan, die größte US Bank muss Ölaktien verkaufen um Verluste aufzufangen?
Glaube nicht dass die Welt unter geht und Zuckerberg ist jetzt endgültig Millardär geworden
0,49 oz $ schaun wir einmal wie weit es weiter runter geht
Seitdem Mungi zum Verkauf steht sollen Bots Mpo shorten und für den Kursabsturz Schuld sein???
Andererseits denke ich dass die relativ wirkungslos sein sollten wenn Potential nach oben besteht.
Wenn wirklich manipuliert wird, dann so schlimm, dass die Zittrigen rausgeschüttelt werden ...
???
Andererseits denke ich dass die relativ wirkungslos sein sollten wenn Potential nach oben besteht.
Wenn wirklich manipuliert wird, dann so schlimm, dass die Zittrigen rausgeschüttelt werden ...
???
Antwort auf Beitrag Nr.: 43.296.639 von texas2 am 19.06.12 06:57:17Australische CBM ist für 41 mio an die Chinesen verkauft
http://www.asx.com.au/asxpdf/20120802/pdf/427sxdwqpxs3yf.pdf
und MPO setzt alles auf die Wolfcamp shale oil Karte
Bis Ende des Jahres sollte man wissen, ob diese sticht.
Anundfürsich von der Strategie her ok, weil mit Öl zur Zeit mehr und schneller verdient
http://www.asx.com.au/asxpdf/20120802/pdf/427sxdwqpxs3yf.pdf
und MPO setzt alles auf die Wolfcamp shale oil Karte
Bis Ende des Jahres sollte man wissen, ob diese sticht.
Anundfürsich von der Strategie her ok, weil mit Öl zur Zeit mehr und schneller verdient
As a preliminary indication, Molopo estimates that its unaudited accounting loss after tax for the financial year ending 30 June 2012 will be in the range of $58 - $63 million, due largely to the two non-cash impairment charges against the Company’s Queensland and Saskatchewan assets. This compares to a profit after tax for the financial year ended 30 June 2011 of $84.4 million, which included a before tax gain from the sale of the Company’s Spearfish assets. The before tax impairment charges are estimated as follows:
? Approximately $23 million related to the sale of the Company’s Queensland assets, which was announced on 1 August 2012.
? Between $35-$40 million which has arisen as a result of the preliminary review conducted by the Company at each reporting date of the carrying amount of its non-financial assets to determine whether there is an impairment. This charge relates to the Company’s Saskatchewan assets, which had a carrying value of approximately $56 million.
Given the previously announced drilling results in the Bakken zone of Molopo’s Saskatchewan assets, the Company has determined that it is prudent to write off the unsuccessful exploration expenditure and reduce the carrying value on this asset.
The above estimates are subject to adjustment as the normal year-end process to complete the audited financial statements continues to progress. The Company expects to release its audited financial statements on or around 10 September 2012.
PRELIMINARY WELL RESULTS IN TEXAS
Molopo Energy Limited (“Molopo” or “the Company”) (ASX:MPO) is pleased to report that preliminary results from the Linthicum Washington 36-2H, Molopo’s first well in its
Barnhart acreage in the Permian Basin of West Texas, are meeting expectations. The well has been on gas lift for 16 days producing for a total of 299 hours. Through this
period, cumulative production totaled 2,282 barrels oil, 3,598 mcf natural gas and 19,693 barrels of load fluid, and the load fluid recovered to date represents 14.8% of the total fluid. Over the last 24 hour period ending Aug 28 (North America), the well produced 525 barrels oil, 895 mcf gas and 1,171 barrels load fluid. Based on data obtained from the processing facility, anticipated sale NGL ratios are expected to be approximately 70-80 bbl / mmcf. The oil rate is continuing to improve as overall load fluid recoveries increase, and the initial clean up of the well is performing consistently with offset wells in the area. The Company will provide further updates on the well once it has stabilised.
As a result of these positive indications on the first well in this area, Molopo has spudded its second Barnhart well at Linthicum Washington 36-1H and will further focus on this
highly prospective acreage.
In the Company’s Fiesta acreage in Texas, completion continues on the Baggett 16-1H well with expectations that flow back will commence in the coming days, and cott 16-1H
well with expectations that flow back will commence in the coming days, and completion of the drilled Baggett 40-2H well is expected to commence in mid September.
Langsam entscheidet es sich jetzt, ob wir am Ende des Jahres aus dem Tal raus sind. 525 bbl/d könnten ein passabler Start sein, wenn kein dramatischer Rückschlag passiert
? Approximately $23 million related to the sale of the Company’s Queensland assets, which was announced on 1 August 2012.
? Between $35-$40 million which has arisen as a result of the preliminary review conducted by the Company at each reporting date of the carrying amount of its non-financial assets to determine whether there is an impairment. This charge relates to the Company’s Saskatchewan assets, which had a carrying value of approximately $56 million.
Given the previously announced drilling results in the Bakken zone of Molopo’s Saskatchewan assets, the Company has determined that it is prudent to write off the unsuccessful exploration expenditure and reduce the carrying value on this asset.
The above estimates are subject to adjustment as the normal year-end process to complete the audited financial statements continues to progress. The Company expects to release its audited financial statements on or around 10 September 2012.
PRELIMINARY WELL RESULTS IN TEXAS
Molopo Energy Limited (“Molopo” or “the Company”) (ASX:MPO) is pleased to report that preliminary results from the Linthicum Washington 36-2H, Molopo’s first well in its
Barnhart acreage in the Permian Basin of West Texas, are meeting expectations. The well has been on gas lift for 16 days producing for a total of 299 hours. Through this
period, cumulative production totaled 2,282 barrels oil, 3,598 mcf natural gas and 19,693 barrels of load fluid, and the load fluid recovered to date represents 14.8% of the total fluid. Over the last 24 hour period ending Aug 28 (North America), the well produced 525 barrels oil, 895 mcf gas and 1,171 barrels load fluid. Based on data obtained from the processing facility, anticipated sale NGL ratios are expected to be approximately 70-80 bbl / mmcf. The oil rate is continuing to improve as overall load fluid recoveries increase, and the initial clean up of the well is performing consistently with offset wells in the area. The Company will provide further updates on the well once it has stabilised.
As a result of these positive indications on the first well in this area, Molopo has spudded its second Barnhart well at Linthicum Washington 36-1H and will further focus on this
highly prospective acreage.
In the Company’s Fiesta acreage in Texas, completion continues on the Baggett 16-1H well with expectations that flow back will commence in the coming days, and cott 16-1H
well with expectations that flow back will commence in the coming days, and completion of the drilled Baggett 40-2H well is expected to commence in mid September.
Langsam entscheidet es sich jetzt, ob wir am Ende des Jahres aus dem Tal raus sind. 525 bbl/d könnten ein passabler Start sein, wenn kein dramatischer Rückschlag passiert
http://www.asx.com.au/asxpdf/20121001/pdf/4292t12768y49x.pdf
Im August 2012 hat MPO 395 bbl/d verkauft. Davon 272 bbl/d aus Texas.
Die MPO Ansage: Bis Dez 2012 will MPO 2.300 bbl/d fördern.
Mir gefällt dieser Stil. Noch besser gefällt er mir wenn sie es auch in dieser Größenordnung schaffen würden.
Mit Einnahmen von 200.000 $/d wenn der Ölpreis bei rund 100$/bbl bleibt und die Bohrkosten nicht aus dem Ruder laufen, wäre dann MPO auf dem besten Weg endich eine richtige Firma zu werden.
Im August 2012 hat MPO 395 bbl/d verkauft. Davon 272 bbl/d aus Texas.
Die MPO Ansage: Bis Dez 2012 will MPO 2.300 bbl/d fördern.
Mir gefällt dieser Stil. Noch besser gefällt er mir wenn sie es auch in dieser Größenordnung schaffen würden.
Mit Einnahmen von 200.000 $/d wenn der Ölpreis bei rund 100$/bbl bleibt und die Bohrkosten nicht aus dem Ruder laufen, wäre dann MPO auf dem besten Weg endich eine richtige Firma zu werden.
Posted: Thursday, October 4, 2012 5:20 pm | Updated: 7:21 pm, Thu Oct 4, 2012.
Approach Resources CEO describes potential of Wolfcamp shale play Mella McEwen Midland Reporter-Telegram | 0 comments
Fort Worth-based Approach Resources sees big potential in the Permian Basin.
Recently addressing the Midland chapter, Society of Petroleum Evaluation Engineers, Approach President and Chief Executive Officer H. Ross Craft told his audience that of the company's proved reserve base, 99 percent is in the Permian Basin.
Craft visited Midland to discuss the Wolfcamp shale oil play, which he said could be one of the largest shale oil resource plays found onshore in North America.
The company has drilled almost 600 wells in the southern Midland Basin since 2004, focusing on tight gas sands -- the Canyon sands and the Strawn and Ellenburger. Vertical drilling in those formations, he said, combined with a detailed geological and petrophysical study, led to the company's decision to develop the shallower Clearfork and Wolfcamp formations in late 2010. Referring to these zones as the "Wolffork," Craft told his audience the company has launched a drilling program in Crockett County dubbed "Project Pangea" and "Pangea West."
The Wolfcamp shale is an extensive column of normal-pressure rock and is unique in that the pay zone is 1,000 to 1,200 feet thick, whereas a typical shale formation ranges from 150 to 300 feet in thickness. The Bakken has a thickness of 20 to 140 feet, the Barnett Oil 150 to 1,500 feet and the Eagle Ford 150 to 350 feet. Approach classifies the Wolfcamp into four "benches:" A, B, C and D. Effectively developing the Wolfcamp shale may involve up to three lateral wellbores, each targeting a different interval: The Wolfcamp A, B and C.
Said Craft, "In a very short period of time, approximately one and a half years, we've turned the concept of the Wolfcamp oil shale resource play into a highly commercial development program that's attracting significant investment from private oil and gas companies, independent exploration and development companies and the major integrated oil companies. The play is in the beginning stages of development. We're collecting valuable data daily that furthers our understanding of the full resource potential and reach of the play. We're drilling pilot wells targeting the different benches and testing closer spacing. We expect that multi-zone potential and tighter well spacing will increase our recovery of the significant hydrocarbons in place. The Wolfcamp is an exciting play that underscores the importance of the Permian Basin to this country's domestic oil supply.
Approach, he said, has a large, primarily contiguous acreage position of 166,000 gross - 146,000 net - acres with a low cost of about $500 per acre. The acreage has 500-plus million barrels of oil equivalent gross, unrisked resource potential with over 2,900 drilling and recompletion opportunities. The Wolfcamp oil shale play is in early-stage development, transitioning Wolfcamp B to development mode and, as Craft said, testing the Wolfcamp A and C, which shows encouraging initial results, testing tighter well spacing and preparing the field for large-scale development. Currently the company has two horizontal rigs running in the Pangea and Pangea West with improving initial potentials and liquids ratio driving higher returns..
The production curve, Craft explained, typically begins with an initial production rate of approximately 590 barrels of oil equivalent per day (BOEPD), of which approximately 82 percent is crude oil and 95 percent is total liquids. Recent well results range from 634 BOEPD to 1,310 BOEPD, made up of 84 percent to 97 percent liquids. He said the company estimates first-year production will decline between 60 and 70 percent and then the production trend will follow a decline curve similar to a well drilled in the Wolfberry or other unconventional resource plays. Over the 50-year life of the well, he said, the estimate is that 57 percent of total production will be crude oil.
The play, he noted, has drawn broad industry participation, helping de-risk the play. As of July, 41 horizontal rigs were drilling in the Wolfcamp, with the average lateral well length of around 7,100 feet and average peak initial potential rate 807 BOEPD.
Mella McEwen can be reached at mmcewen@mrt.com.
.© 2012 Mywesttexas.com. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Read more: Approach Resources CEO describes potential of Wolfcamp shale play - Mywesttexas.com: Oil http://www.mywesttexas.com/business/oil/article_4a6807a1-dac…
Under Creative Commons License: Attribution
Approach Resources CEO describes potential of Wolfcamp shale play Mella McEwen Midland Reporter-Telegram | 0 comments
Fort Worth-based Approach Resources sees big potential in the Permian Basin.
Recently addressing the Midland chapter, Society of Petroleum Evaluation Engineers, Approach President and Chief Executive Officer H. Ross Craft told his audience that of the company's proved reserve base, 99 percent is in the Permian Basin.
Craft visited Midland to discuss the Wolfcamp shale oil play, which he said could be one of the largest shale oil resource plays found onshore in North America.
The company has drilled almost 600 wells in the southern Midland Basin since 2004, focusing on tight gas sands -- the Canyon sands and the Strawn and Ellenburger. Vertical drilling in those formations, he said, combined with a detailed geological and petrophysical study, led to the company's decision to develop the shallower Clearfork and Wolfcamp formations in late 2010. Referring to these zones as the "Wolffork," Craft told his audience the company has launched a drilling program in Crockett County dubbed "Project Pangea" and "Pangea West."
The Wolfcamp shale is an extensive column of normal-pressure rock and is unique in that the pay zone is 1,000 to 1,200 feet thick, whereas a typical shale formation ranges from 150 to 300 feet in thickness. The Bakken has a thickness of 20 to 140 feet, the Barnett Oil 150 to 1,500 feet and the Eagle Ford 150 to 350 feet. Approach classifies the Wolfcamp into four "benches:" A, B, C and D. Effectively developing the Wolfcamp shale may involve up to three lateral wellbores, each targeting a different interval: The Wolfcamp A, B and C.
Said Craft, "In a very short period of time, approximately one and a half years, we've turned the concept of the Wolfcamp oil shale resource play into a highly commercial development program that's attracting significant investment from private oil and gas companies, independent exploration and development companies and the major integrated oil companies. The play is in the beginning stages of development. We're collecting valuable data daily that furthers our understanding of the full resource potential and reach of the play. We're drilling pilot wells targeting the different benches and testing closer spacing. We expect that multi-zone potential and tighter well spacing will increase our recovery of the significant hydrocarbons in place. The Wolfcamp is an exciting play that underscores the importance of the Permian Basin to this country's domestic oil supply.
Approach, he said, has a large, primarily contiguous acreage position of 166,000 gross - 146,000 net - acres with a low cost of about $500 per acre. The acreage has 500-plus million barrels of oil equivalent gross, unrisked resource potential with over 2,900 drilling and recompletion opportunities. The Wolfcamp oil shale play is in early-stage development, transitioning Wolfcamp B to development mode and, as Craft said, testing the Wolfcamp A and C, which shows encouraging initial results, testing tighter well spacing and preparing the field for large-scale development. Currently the company has two horizontal rigs running in the Pangea and Pangea West with improving initial potentials and liquids ratio driving higher returns..
The production curve, Craft explained, typically begins with an initial production rate of approximately 590 barrels of oil equivalent per day (BOEPD), of which approximately 82 percent is crude oil and 95 percent is total liquids. Recent well results range from 634 BOEPD to 1,310 BOEPD, made up of 84 percent to 97 percent liquids. He said the company estimates first-year production will decline between 60 and 70 percent and then the production trend will follow a decline curve similar to a well drilled in the Wolfberry or other unconventional resource plays. Over the 50-year life of the well, he said, the estimate is that 57 percent of total production will be crude oil.
The play, he noted, has drawn broad industry participation, helping de-risk the play. As of July, 41 horizontal rigs were drilling in the Wolfcamp, with the average lateral well length of around 7,100 feet and average peak initial potential rate 807 BOEPD.
Mella McEwen can be reached at mmcewen@mrt.com.
.© 2012 Mywesttexas.com. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Read more: Approach Resources CEO describes potential of Wolfcamp shale play - Mywesttexas.com: Oil http://www.mywesttexas.com/business/oil/article_4a6807a1-dac…
Under Creative Commons License: Attribution
Zitat von texas2: http://www.asx.com.au/asxpdf/20121001/pdf/4292t12768y49x.pdf
Im August 2012 hat MPO 395 bbl/d verkauft. Davon 272 bbl/d aus Texas.
Die MPO Ansage: Bis Dez 2012 will MPO 2.300 bbl/d fördern.
Mir gefällt dieser Stil. Noch besser gefällt er mir wenn sie es auch in dieser Größenordnung schaffen würden.
Mit Einnahmen von 200.000 $/d wenn der Ölpreis bei rund 100$/bbl bleibt und die Bohrkosten nicht aus dem Ruder laufen, wäre dann MPO auf dem besten Weg endich eine richtige Firma zu werden.
Zitat von texas2: http://www.asx.com.au/asxpdf/20121001/pdf/4292t12768y49x.pdf
Im August 2012 hat MPO 395 bbl/d verkauft. Davon 272 bbl/d aus Texas.
Die MPO Ansage: Bis Dez 2012 will MPO 2.300 bbl/d fördern.
Mir gefällt dieser Stil. Noch besser gefällt er mir wenn sie es auch in dieser Größenordnung schaffen würden.
Mit Einnahmen von 200.000 $/d wenn der Ölpreis bei rund 100$/bbl bleibt und die Bohrkosten nicht aus dem Ruder laufen, wäre dann MPO auf dem besten Weg endich eine richtige Firma zu werden.
Update:
http://www.asx.com.au/asxpdf/20121031/pdf/429v996hk7k58x.pdf
Zur Zeit wird mit 409 bbl/d gefördert.
Seite 4, Oktober: MPO will jetzt bis Ende des Jahres 2.100 bbl/d fördern
Wenn man nach dem Kurs geht könnte man annehmen, dass einige Zweifel haben. Andererseits bekräftigt MPO die Größenordnung. Das leichte Anpassen sehe ich eher als seriös, weil das ja Prognosen sind. Wäre aber eine Enttäuschung wenn Ende des Jahres die Produktion nicht in dieser Größenordnung liegt.
ein nervöser Kursverlauf . MPO bleibt aber bei der happy end story in Bezug auf ihre Veröffentlichungen
http://www.asx.com.au/asxpdf/20121122/pdf/42bclh9b8sl458.pdf
http://www.asx.com.au/asxpdf/20121122/pdf/42bclh9b8sl458.pdf
Jetzt nur noch 1000 bbl/d bis Jhresende
Hoffentlich reicht der damit generierte cashflow
aus HC:
What I want to know is how the hell we went from this on November 29 to this on December 21..
Exhibit One:
Production in October 2012 totaled 932 boe/d, with 83% coming from Texas (775 boe/d), and 17% coming from Saskatchewan (157 bbl/d). The breakdown in October by product was 52% light, sweet crude oil; 19% natural gas liquids; and 29% natural gas.
• Despite the significant growth in our production over the past month, Molopo’s October production was curtailed by approximately 100 boe/d due to downtime and associated flaring. The majority of this was caused by operational problems experienced on third parties’ externally operated gas systems.
• Molopo expects to exit calendar year 2012 producing in a range of 1,500 to 2,100 boe/d, depending on production timing and results from the Baggett 54-1H well and the 24-2H well in Barnhart, which was drilled later in the year than originally planned.
Exhibit 2:
Early in 2012, Molopo set a projected exit production rate which was based on production contributions from all 6 wells to be drilled in the latter half of 2012, and also assumed well performance consistent with type curves originally seen in the area. Due to timing delays, as well as variability in well performance, Molopo now expects to exit the year with a production level of approximately 1,000 boe/d.
Some 30 days is all it took to lose that 500 boe/d and they give this update today and basically don't elaborate on performance on the other wells. Very poor communication and why reiterate that on the 29th November. I feel for those who bought in on that projection only to learn they were thrown the mother of all hospital passes.
Still as I said before I ain't selling while we have 100% cash backing and if they do announce more spending in Fiesta then we should all be calling an (another) EGM.
Hoffentlich reicht der damit generierte cashflow
aus HC:
What I want to know is how the hell we went from this on November 29 to this on December 21..
Exhibit One:
Production in October 2012 totaled 932 boe/d, with 83% coming from Texas (775 boe/d), and 17% coming from Saskatchewan (157 bbl/d). The breakdown in October by product was 52% light, sweet crude oil; 19% natural gas liquids; and 29% natural gas.
• Despite the significant growth in our production over the past month, Molopo’s October production was curtailed by approximately 100 boe/d due to downtime and associated flaring. The majority of this was caused by operational problems experienced on third parties’ externally operated gas systems.
• Molopo expects to exit calendar year 2012 producing in a range of 1,500 to 2,100 boe/d, depending on production timing and results from the Baggett 54-1H well and the 24-2H well in Barnhart, which was drilled later in the year than originally planned.
Exhibit 2:
Early in 2012, Molopo set a projected exit production rate which was based on production contributions from all 6 wells to be drilled in the latter half of 2012, and also assumed well performance consistent with type curves originally seen in the area. Due to timing delays, as well as variability in well performance, Molopo now expects to exit the year with a production level of approximately 1,000 boe/d.
Some 30 days is all it took to lose that 500 boe/d and they give this update today and basically don't elaborate on performance on the other wells. Very poor communication and why reiterate that on the 29th November. I feel for those who bought in on that projection only to learn they were thrown the mother of all hospital passes.
Still as I said before I ain't selling while we have 100% cash backing and if they do announce more spending in Fiesta then we should all be calling an (another) EGM.
I was not going to comment anymore on MPO, as I have sold out after many, many years.
But seeing the SP drop to 27.5c made my jaw drop.
i can remember posting quite some time ago, after the boardroom coup, that the new Board had made their plans fairly clear imho.
and those plans became clearer as time progressed.
- they did not agree with MPO strategy of having disparate assets spread all over the globe
- they made clear their desire to concentrate on Nth American assets
- they made it clear they would seek additional N/A assets
- they made it clear they would sell the non-core assets of Aust and S/A
- they stated they would use the proceeds to fund the quest for O&G production in N/A
- they stated they would look at listing N/A
- they then hired N/A O&G mgt, tfrd mgt and H/O to N/A
This process was to make MPO a simpler investment proposition, and make its business transparent to investors.
Their desire was to use MPO scarce resources on assets which would generate a much quicker cash flow, not cause MPo to seek further capital raisings.
The new board also thought that its N/A assets would be better valued by investors in N/A, than it would be in Aust.
Clearly its only a matter of time before S/A is unloaded.
So now s/h have almost a pure N/A O7G play to evaluate.
So why is the SP falling out of bed?
Well imho, the market is viewing its drilling results as very poor. Well "duh" we say!
And thats the rub.
The gamble in selling-off those "non-core" assets was that the new mgt HAD to deliver on the N/A assets.
And they seem to have only partially achieved that.
And I guess thats part and parcel of the O&G game?
There are more experienced O&G posters on the HC MPO threads than me, so they are better placed to provide a view about the quality of those assets, the exploration results, and the production success (or failure).
So for MPo s/h, imho, the key is to determine the value of those N/A assets?
I have no idea.
But there surely must be good examples of small N/A O&G shale producers to compare the MPO assets with?
But if they are producing about 1,000 bopd in Oct 2012, one would think those assets have some value?
And at 28c the bet seems to be an interesting one.
MPO state they will exit 2012 with $72m cash.
with 246m shares thats a cash backing of 29c !!
So the market is ascribing NIL value to assets which are estimated by mgt to be producing at least 1,500 bopde at exit 2012. thats crazy is it not?
there is also the Quebec asset - even with the moratorium it must still have value?
and the S/A asset is about to move into production, so it also must be worth money.
Whilst the cash will simply be spent over the next 12mths as MPO continues their exploration, the equation will shift to a determination of just how much value is in the production assets. But if they spend the cash on drilling/expl/prod activities, one would hope that the cash pile will be replaced by a higher production profile? and of course improved cash flow.
And I think that is the reason for the SP weakness - they have not replaced the cash burn with production successfully enough for the market.
But I have to say, that imho, the mgt of MPo provide a far better communication flow and data to its s/h and market, and resultant transparancy, than do many other coys on the ASX that I could name! The issue of actual "success rate" of drilling is a different issue.
Below was an article in the Aust a couple of weeks ago.
I could not access it.
But it looks like it may have relevance to MPO situation.
If you can access it, it would be good to hear what it said.
Anyway, goodluck to all.
cheers
Robin Bromby
From:The Australian
December 17, 201212:00AM
AUSTRALIAN juniors may end up being collateral damage from America's energy rebirth.
A gas glut and a dysfunctional US oil distribution infrastructure, along with an artificially low price for crude, will be a negative drag on ASX-listed but US-focused players. That's the view of Peter Strachan at StockAnalysis in Perth, and one that is reinforced by latest figures from the US Energy Information Administration.
The lower pressure in Fiesta may account for the results so far. Page 16 of the November Approach presentation has a good comparison of A and B wells suggesting a lower IP but maintaing to a 450 EUR type curve.
Ross Craft from Approach also made these comments in November at a conference.They give me some comfort that we may still have a chance.
"As you can see we have wells that are way above that, we have wells below that. So when I tell you 450 number that's a statistical number. So if you do 50 wells you know your average is going to be in the 450 range. We’ve got wells that are going to do 600; we’ve got wells that are going to do 200, that's the nature of the shale play, its variable."
"Well, the chemicals, the breakers, the surfactants will not do a whole lot for your overall decline rate, but what they will do and this is a good question and a lot of people get caught up on IPs. IPs as an engineer mean nothing to me. It just shows how effective I was at fracing the well at that point in time. Its our immediate point process. What I look for is 30 day, 60 day, 90 day, 120 days, so on and so forth because that's what tells me whether I'm making money or not."
But seeing the SP drop to 27.5c made my jaw drop.
i can remember posting quite some time ago, after the boardroom coup, that the new Board had made their plans fairly clear imho.
and those plans became clearer as time progressed.
- they did not agree with MPO strategy of having disparate assets spread all over the globe
- they made clear their desire to concentrate on Nth American assets
- they made it clear they would seek additional N/A assets
- they made it clear they would sell the non-core assets of Aust and S/A
- they stated they would use the proceeds to fund the quest for O&G production in N/A
- they stated they would look at listing N/A
- they then hired N/A O&G mgt, tfrd mgt and H/O to N/A
This process was to make MPO a simpler investment proposition, and make its business transparent to investors.
Their desire was to use MPO scarce resources on assets which would generate a much quicker cash flow, not cause MPo to seek further capital raisings.
The new board also thought that its N/A assets would be better valued by investors in N/A, than it would be in Aust.
Clearly its only a matter of time before S/A is unloaded.
So now s/h have almost a pure N/A O7G play to evaluate.
So why is the SP falling out of bed?
Well imho, the market is viewing its drilling results as very poor. Well "duh" we say!
And thats the rub.
The gamble in selling-off those "non-core" assets was that the new mgt HAD to deliver on the N/A assets.
And they seem to have only partially achieved that.
And I guess thats part and parcel of the O&G game?
There are more experienced O&G posters on the HC MPO threads than me, so they are better placed to provide a view about the quality of those assets, the exploration results, and the production success (or failure).
So for MPo s/h, imho, the key is to determine the value of those N/A assets?
I have no idea.
But there surely must be good examples of small N/A O&G shale producers to compare the MPO assets with?
But if they are producing about 1,000 bopd in Oct 2012, one would think those assets have some value?
And at 28c the bet seems to be an interesting one.
MPO state they will exit 2012 with $72m cash.
with 246m shares thats a cash backing of 29c !!
So the market is ascribing NIL value to assets which are estimated by mgt to be producing at least 1,500 bopde at exit 2012. thats crazy is it not?
there is also the Quebec asset - even with the moratorium it must still have value?
and the S/A asset is about to move into production, so it also must be worth money.
Whilst the cash will simply be spent over the next 12mths as MPO continues their exploration, the equation will shift to a determination of just how much value is in the production assets. But if they spend the cash on drilling/expl/prod activities, one would hope that the cash pile will be replaced by a higher production profile? and of course improved cash flow.
And I think that is the reason for the SP weakness - they have not replaced the cash burn with production successfully enough for the market.
But I have to say, that imho, the mgt of MPo provide a far better communication flow and data to its s/h and market, and resultant transparancy, than do many other coys on the ASX that I could name! The issue of actual "success rate" of drilling is a different issue.
Below was an article in the Aust a couple of weeks ago.
I could not access it.
But it looks like it may have relevance to MPO situation.
If you can access it, it would be good to hear what it said.
Anyway, goodluck to all.
cheers
Robin Bromby
From:The Australian
December 17, 201212:00AM
AUSTRALIAN juniors may end up being collateral damage from America's energy rebirth.
A gas glut and a dysfunctional US oil distribution infrastructure, along with an artificially low price for crude, will be a negative drag on ASX-listed but US-focused players. That's the view of Peter Strachan at StockAnalysis in Perth, and one that is reinforced by latest figures from the US Energy Information Administration.
The lower pressure in Fiesta may account for the results so far. Page 16 of the November Approach presentation has a good comparison of A and B wells suggesting a lower IP but maintaing to a 450 EUR type curve.
Ross Craft from Approach also made these comments in November at a conference.They give me some comfort that we may still have a chance.
"As you can see we have wells that are way above that, we have wells below that. So when I tell you 450 number that's a statistical number. So if you do 50 wells you know your average is going to be in the 450 range. We’ve got wells that are going to do 600; we’ve got wells that are going to do 200, that's the nature of the shale play, its variable."
"Well, the chemicals, the breakers, the surfactants will not do a whole lot for your overall decline rate, but what they will do and this is a good question and a lot of people get caught up on IPs. IPs as an engineer mean nothing to me. It just shows how effective I was at fracing the well at that point in time. Its our immediate point process. What I look for is 30 day, 60 day, 90 day, 120 days, so on and so forth because that's what tells me whether I'm making money or not."
Antwort auf Beitrag Nr.: 43.971.196 von texas2 am 31.12.12 19:46:24http://www.asx.com.au/asxpdf/20121227/pdf/42c5p8yrq6kv75.pdf
und erklärungsversuche (hoffentlich reicht der cashflow, damit es weiter geht)
http://www.asx.com.au/asxpdf/20130103/pdf/42c857ypf5z1wx.pdf
also nur rund 1000 bbl/d
und erklärungsversuche (hoffentlich reicht der cashflow, damit es weiter geht)
http://www.asx.com.au/asxpdf/20130103/pdf/42c857ypf5z1wx.pdf
also nur rund 1000 bbl/d
Antwort auf Beitrag Nr.: 44.008.776 von texas2 am 11.01.13 09:01:55management (Tim) wird ausgetauscht
http://www.asx.com.au/asxpdf/20130117/pdf/42cgn4d641m1dv.pdf
na dann schaunmiramol
http://www.asx.com.au/asxpdf/20130117/pdf/42cgn4d641m1dv.pdf
na dann schaunmiramol
Buyers seeking a piece of North America’s shale boom can find it in Australia.
Australian companies exploring for oil and natural gas that’s trapped in shale rock in the U.S. and Canada are valued at a median of 11 times their reserves, a 23 percent discount to their counterparts that are listed on stock exchanges in North America, according to data compiled by Bloomberg. The valuation gap -- driven by Australian investors who are more than 8,000 miles (12,800 kilometers) from the companies’ wells in Texas and Oklahoma -- may lure acquirers, said RBS Morgans Ltd.
Enlarge image
Shale Takeovers Loom as Texas Discounted in AustraliaMichael Nagle/Bloomberg
Exxon Mobil Corp., the world’s largest energy company by market value, last week said it will pay about $2 billion for Bakken shale assets in North Dakota and Montana.
Exxon Mobil Corp., the world’s largest energy company by market value, last week said it will pay about $2 billion for Bakken shale assets in North D
.Antares Energy Ltd. (AZZ) is among potential targets, with its Southern Star field in the Permian Basin in Texas worth more than twice the company’s $130 million market capitalization on the Australian stock exchange, estimates Hartleys Ltd. Adelaide- based Sundance Energy Australia Ltd. (SEA), which last month agreed to sell a North Dakota asset for more than the company’s market value at the time, could lure bidders with its remaining acreage that’s worth at least five times more than what’s reflected in the share price, said Bell Potter Securities Ltd.
“I expect many more transactions involving Australian players and the huge number of U.S. and international players currently looking to open up and exploit shale gas and shale oil,” Ben Griffiths, who helps oversees $1 billion in assets for Sydney-based Eley Griffiths Group Pty., said in a telephone interview. “The area is a hive of activity and that’s not going to lessen.”
Melbourne-based Molopo Energy Ltd. (MPO) and Perth, Australia- based Red Fork Energy Ltd. (RFE), are also potential targets, he said.
Suitors Approach
Antares rose as much as 3.1 percent today before ending Sydney trading unchanged at A$0.485. Red Fork rose 4.3 percent, while Sundance was up 1.3 percent after rising as much as 3.3 percent earlier. Molopo fell 3.2 percent to A$0.605.
Eric McCrady, Sundance’s managing director, didn’t reply to phone messages seeking comment. David Prentice, Red Fork’s managing director, didn’t reply to a phone message or e-mail seeking comment on whether the company is undervalued and a takeover target.
Molopo isn’t in any takeover discussions, Chief Executive Officer Tim Granger said in a phone interview from Calgary. Granger said Molopo is undervalued, partly because of a lack of understanding among Australian investors about the company’s Wolfcamp project in Texas.
Antares has been approached by suitors interested in its Permian Basin projects and will consider bids that reflect valuations paid for similar assets, Chief Executive Officer James Cruickshank said in a telephone interview from Dallas. Antares, based in Perth, is also considering listing shares in the U.S., he said.
U.S. Focus
Formerly known as Amity Oil Ltd., Antares changed its name and shifted its focus to the U.S. in 2004, after scrapping its Whicher Range gas project in Australia and cutting reserves in Turkey. The company invested in the Permian Basin in 2011.
That basin, a 300-mile long geologic formation that has been gushing oil and gas for more than 90 years, is attracting interest from major international oil producers who quit the region in the mid-1980s when oil prices were lower. The development of so-called hydraulic fracturing to extract gas trapped in shale rock has opened formations formerly written off as uneconomic.
Southern Star
“Antares is definitely a candidate for transactional activity on a corporate and an asset basis,” Dave Wall, an analyst at Perth-based Hartleys, said in a phone interview. “Investors in Australia don’t have a deep understanding of the Permian. In Canada, it would be trading with a much higher market cap.”
Antares’s market value yesterday was A$124.6 million ($130 million).
Wall pointed to BreitBurn Energy Partners LP’s purchase of oil and gas properties next to Antares’s Southern Star field. Los Angeles-based BreitBurn paid $220 million for 9.5 million barrels of oil equivalent of estimated proved reserves, according to a statement. Based on that price, Southern Star could fetch as much as $294 million, Wall said.
Antares is worth A$1.22 a share, or more than twice its closing price of A$0.485 yesterday, according to a sum-of-the- parts valuation Wall published on Sept. 5.
Sundance last month said it would receive $172 million for a stake in North Dakota’s Williston Basin from Denver-based QEP Resources Inc. Sundance, which had a market value of about $162 million at the sale’s announcement, leapt 38 percent in one day.
Shale Standout
Even after selling the Williston Basin acreage, Sundance’s concentration on areas rich in so-called natural-gas liquids such as propane may appeal to potential buyers, said Johan Hedstrom, an analyst at Bell Potter.
“U.S. companies are quite active in the shale space, particularly in assets with a liquids focus, and that’s what Sundance has,” Hedstrom said in a phone interview. “That makes them a standout.”
Hedstrom has a 12-month share-price estimate for Sundance of A$1.20 a share, 60 percent above yesterday’s closing price. The company’s Bakken formation assets are worth about $15,000 an acre, and other fields about $5,000 an acre, higher than the $1,000-per-acre value implied by its A$0.75 share price, he said.
Exxon Mobil Corp. (XOM), the world’s largest energy company by market value, last week said it will pay about $2 billion for Bakken shale assets in North Dakota and Montana. Royal Dutch Shell Plc (RDSA) this month agreed to buy oil and gas fields in the Permian Basin for $1.9 billion from Chesapeake Energy Corp. (CHK), paying about $3,131 an acre, data compiled by Bloomberg show.
Valuation Gap
“The oil shale assets are certainly being looked at by companies that need long-term reserves,” Krista Walter, a Sydney-based energy, oil and gas analyst at RBS Morgans, said in a phone interview. “Asset sales are common but company takeovers can happen as well.”
Still, the Australian companies aren’t fetching the valuations they deserve, said Bell Potter’s Hedstrom.
Eight companies with U.S. oil and gas assets have a median enterprise-value-to-reserves ratio of 11 times, data compiled by Bloomberg show. That includes Antares, which has an enterprise value of $178 million, or 7.2 times its proven and probable oil and gas reserves of 24.8 million barrels of oil equivalent, the data show.
The median of 25 North American companies with exposure to shale oil and gas, including EQT Corp. (EQT) and Range Resources Corp., is 14.3 times, the data show.
“We’re much better informed and educated about shale than we were 12 months ago, yet the Aussie companies with U.S. assets haven’t had much of a rerating,” Hedstrom said.
Debt Load
One reason for the gap is that Australian investors aren’t comfortable investing in assets so far away, said Antares’s CEO Cruickshank. Antares wouldn’t choose Australia as a trading venue if it were conducting a share sale today, he said.
“You get the highest possible valuation for assets when they are owned by the people who are closest to them,” he said. “Australians seem pretty comfortable investing in Asia. The Americans are very good at investing in Canada.”
Some Australian companies are also drawing a lower valuation because they have higher levels of debt than Australian investors are typically comfortable with, said Walter from RBS Morgans. This would be less of a problem for U.S. investors, she said.
Antares has net debt equivalent to 53 percent of its net assets, compared with an average of 85 percent of shareholder equity for the 25 North American companies, data compiled by Bloomberg show. Macquarie Group Ltd. has also agreed to lend Antares as much as $200 million under a debt facility.
‘Game-On’
“Many of these companies tend to have debt facilities in place for capital expenditure requirements and Australian investors tend to prefer companies that don’t have large debt facilities,” Walter said. “In the North American market, that’s more common.”
Molopo, another potential target, sold its Australian coal- bed methane holdings to PetroChina Co. in August so it could focus on the U.S. and Canada, while Red Fork has projects in Oklahoma covering a combined 145,000 acres, according to its website.
Molopo also is considering a listing on a North American stock exchange, potentially Toronto, CEO Granger said last month. The listing closer to its operations may help Molopo’s share price “get treated with a little more respect,” he said.
“It’s game-on over there, and for the right basins with the right producible characteristics, those assets will be keenly sought,” Griffiths, the fund manager, said. “We’ve seen a couple of successes and there will be a few that won’t work, but it looks like it has worked well for the Aussies.”
To contact the reporters on this story: James Paton in Sydney at jpaton4@bloomberg.net; Angus Whitley in Sydney at awhitley1@bloomberg.net
To contact the editors responsible for this story: Jason Rogers at jrogers73@bloomberg.net; Sarah Rabil at srabil@bloomberg.net
Australian companies exploring for oil and natural gas that’s trapped in shale rock in the U.S. and Canada are valued at a median of 11 times their reserves, a 23 percent discount to their counterparts that are listed on stock exchanges in North America, according to data compiled by Bloomberg. The valuation gap -- driven by Australian investors who are more than 8,000 miles (12,800 kilometers) from the companies’ wells in Texas and Oklahoma -- may lure acquirers, said RBS Morgans Ltd.
Enlarge image
Shale Takeovers Loom as Texas Discounted in AustraliaMichael Nagle/Bloomberg
Exxon Mobil Corp., the world’s largest energy company by market value, last week said it will pay about $2 billion for Bakken shale assets in North Dakota and Montana.
Exxon Mobil Corp., the world’s largest energy company by market value, last week said it will pay about $2 billion for Bakken shale assets in North D
.Antares Energy Ltd. (AZZ) is among potential targets, with its Southern Star field in the Permian Basin in Texas worth more than twice the company’s $130 million market capitalization on the Australian stock exchange, estimates Hartleys Ltd. Adelaide- based Sundance Energy Australia Ltd. (SEA), which last month agreed to sell a North Dakota asset for more than the company’s market value at the time, could lure bidders with its remaining acreage that’s worth at least five times more than what’s reflected in the share price, said Bell Potter Securities Ltd.
“I expect many more transactions involving Australian players and the huge number of U.S. and international players currently looking to open up and exploit shale gas and shale oil,” Ben Griffiths, who helps oversees $1 billion in assets for Sydney-based Eley Griffiths Group Pty., said in a telephone interview. “The area is a hive of activity and that’s not going to lessen.”
Melbourne-based Molopo Energy Ltd. (MPO) and Perth, Australia- based Red Fork Energy Ltd. (RFE), are also potential targets, he said.
Suitors Approach
Antares rose as much as 3.1 percent today before ending Sydney trading unchanged at A$0.485. Red Fork rose 4.3 percent, while Sundance was up 1.3 percent after rising as much as 3.3 percent earlier. Molopo fell 3.2 percent to A$0.605.
Eric McCrady, Sundance’s managing director, didn’t reply to phone messages seeking comment. David Prentice, Red Fork’s managing director, didn’t reply to a phone message or e-mail seeking comment on whether the company is undervalued and a takeover target.
Molopo isn’t in any takeover discussions, Chief Executive Officer Tim Granger said in a phone interview from Calgary. Granger said Molopo is undervalued, partly because of a lack of understanding among Australian investors about the company’s Wolfcamp project in Texas.
Antares has been approached by suitors interested in its Permian Basin projects and will consider bids that reflect valuations paid for similar assets, Chief Executive Officer James Cruickshank said in a telephone interview from Dallas. Antares, based in Perth, is also considering listing shares in the U.S., he said.
U.S. Focus
Formerly known as Amity Oil Ltd., Antares changed its name and shifted its focus to the U.S. in 2004, after scrapping its Whicher Range gas project in Australia and cutting reserves in Turkey. The company invested in the Permian Basin in 2011.
That basin, a 300-mile long geologic formation that has been gushing oil and gas for more than 90 years, is attracting interest from major international oil producers who quit the region in the mid-1980s when oil prices were lower. The development of so-called hydraulic fracturing to extract gas trapped in shale rock has opened formations formerly written off as uneconomic.
Southern Star
“Antares is definitely a candidate for transactional activity on a corporate and an asset basis,” Dave Wall, an analyst at Perth-based Hartleys, said in a phone interview. “Investors in Australia don’t have a deep understanding of the Permian. In Canada, it would be trading with a much higher market cap.”
Antares’s market value yesterday was A$124.6 million ($130 million).
Wall pointed to BreitBurn Energy Partners LP’s purchase of oil and gas properties next to Antares’s Southern Star field. Los Angeles-based BreitBurn paid $220 million for 9.5 million barrels of oil equivalent of estimated proved reserves, according to a statement. Based on that price, Southern Star could fetch as much as $294 million, Wall said.
Antares is worth A$1.22 a share, or more than twice its closing price of A$0.485 yesterday, according to a sum-of-the- parts valuation Wall published on Sept. 5.
Sundance last month said it would receive $172 million for a stake in North Dakota’s Williston Basin from Denver-based QEP Resources Inc. Sundance, which had a market value of about $162 million at the sale’s announcement, leapt 38 percent in one day.
Shale Standout
Even after selling the Williston Basin acreage, Sundance’s concentration on areas rich in so-called natural-gas liquids such as propane may appeal to potential buyers, said Johan Hedstrom, an analyst at Bell Potter.
“U.S. companies are quite active in the shale space, particularly in assets with a liquids focus, and that’s what Sundance has,” Hedstrom said in a phone interview. “That makes them a standout.”
Hedstrom has a 12-month share-price estimate for Sundance of A$1.20 a share, 60 percent above yesterday’s closing price. The company’s Bakken formation assets are worth about $15,000 an acre, and other fields about $5,000 an acre, higher than the $1,000-per-acre value implied by its A$0.75 share price, he said.
Exxon Mobil Corp. (XOM), the world’s largest energy company by market value, last week said it will pay about $2 billion for Bakken shale assets in North Dakota and Montana. Royal Dutch Shell Plc (RDSA) this month agreed to buy oil and gas fields in the Permian Basin for $1.9 billion from Chesapeake Energy Corp. (CHK), paying about $3,131 an acre, data compiled by Bloomberg show.
Valuation Gap
“The oil shale assets are certainly being looked at by companies that need long-term reserves,” Krista Walter, a Sydney-based energy, oil and gas analyst at RBS Morgans, said in a phone interview. “Asset sales are common but company takeovers can happen as well.”
Still, the Australian companies aren’t fetching the valuations they deserve, said Bell Potter’s Hedstrom.
Eight companies with U.S. oil and gas assets have a median enterprise-value-to-reserves ratio of 11 times, data compiled by Bloomberg show. That includes Antares, which has an enterprise value of $178 million, or 7.2 times its proven and probable oil and gas reserves of 24.8 million barrels of oil equivalent, the data show.
The median of 25 North American companies with exposure to shale oil and gas, including EQT Corp. (EQT) and Range Resources Corp., is 14.3 times, the data show.
“We’re much better informed and educated about shale than we were 12 months ago, yet the Aussie companies with U.S. assets haven’t had much of a rerating,” Hedstrom said.
Debt Load
One reason for the gap is that Australian investors aren’t comfortable investing in assets so far away, said Antares’s CEO Cruickshank. Antares wouldn’t choose Australia as a trading venue if it were conducting a share sale today, he said.
“You get the highest possible valuation for assets when they are owned by the people who are closest to them,” he said. “Australians seem pretty comfortable investing in Asia. The Americans are very good at investing in Canada.”
Some Australian companies are also drawing a lower valuation because they have higher levels of debt than Australian investors are typically comfortable with, said Walter from RBS Morgans. This would be less of a problem for U.S. investors, she said.
Antares has net debt equivalent to 53 percent of its net assets, compared with an average of 85 percent of shareholder equity for the 25 North American companies, data compiled by Bloomberg show. Macquarie Group Ltd. has also agreed to lend Antares as much as $200 million under a debt facility.
‘Game-On’
“Many of these companies tend to have debt facilities in place for capital expenditure requirements and Australian investors tend to prefer companies that don’t have large debt facilities,” Walter said. “In the North American market, that’s more common.”
Molopo, another potential target, sold its Australian coal- bed methane holdings to PetroChina Co. in August so it could focus on the U.S. and Canada, while Red Fork has projects in Oklahoma covering a combined 145,000 acres, according to its website.
Molopo also is considering a listing on a North American stock exchange, potentially Toronto, CEO Granger said last month. The listing closer to its operations may help Molopo’s share price “get treated with a little more respect,” he said.
“It’s game-on over there, and for the right basins with the right producible characteristics, those assets will be keenly sought,” Griffiths, the fund manager, said. “We’ve seen a couple of successes and there will be a few that won’t work, but it looks like it has worked well for the Aussies.”
To contact the reporters on this story: James Paton in Sydney at jpaton4@bloomberg.net; Angus Whitley in Sydney at awhitley1@bloomberg.net
To contact the editors responsible for this story: Jason Rogers at jrogers73@bloomberg.net; Sarah Rabil at srabil@bloomberg.net
Antwort auf Beitrag Nr.: 44.075.144 von texas2 am 29.01.13 07:35:31der mpo kurs macht zur zeit keinen spass
die managementwechsel lassen auch nicht auf konsistenz zur zeit schließen
die managementwechsel lassen auch nicht auf konsistenz zur zeit schließen
Budget für 2013
http://www.asx.com.au/asxpdf/20130409/pdf/42f4d9hv6hp359.pdf
und Jahresbericht 2012
http://www.asx.com.au/asxpdf/20130328/pdf/42dyd395s1hhzw.pdf
http://www.asx.com.au/asxpdf/20130409/pdf/42f4d9hv6hp359.pdf
und Jahresbericht 2012
http://www.asx.com.au/asxpdf/20130328/pdf/42dyd395s1hhzw.pdf
mr maxwell beck der immobilien hai aus australien steht dem mpo board nicht meh zur verfügung
http://www.asx.com.au/asxpdf/20130423/pdf/42ff0sd9nhwpmc.pdf
beck hat zwar nicht viel geld genommen für seinen job und hat einiges an aktien in dieser firma - was ich ihm hoch anrechne
er hat die mitchel revolution mitgemacht, er hat den fokus auf die usa und er hat den fokus weg vom gas zum öl.
den fokus weg vom öl zum gas finde ich sehr gut, weil mit öl kann man schneller und zur zeit mehr geld verdinen als mit gas, wenn man öl findet.
dass man sich aus nsw verabschiedet hat finde ich inzwischen ebenfalls eher gut, weil die nsw politiker angst vor cbm haben. irgendwann wird auch in nsw cbm gefördert werden, aber niemand weiß wann und zu welchen politischen randbedingungen.
fokus auf usa shale oil - ja gut
nicht so gut: die ölraten aus texas oil shale wolfcamp etc. sind nicht ganz so gut wie erhofft, warum auch immer (nicht optimal komplettiert, nicht optimal gefract, nicht optimale geologie, ansatzpunkte etc?) Nicht optimal aber ich bin froh dss überhaupt etwas produzieren.
Katastrophal: share price absturz
http://www.asx.com.au/asxpdf/20130423/pdf/42ff0sd9nhwpmc.pdf
beck hat zwar nicht viel geld genommen für seinen job und hat einiges an aktien in dieser firma - was ich ihm hoch anrechne
er hat die mitchel revolution mitgemacht, er hat den fokus auf die usa und er hat den fokus weg vom gas zum öl.
den fokus weg vom öl zum gas finde ich sehr gut, weil mit öl kann man schneller und zur zeit mehr geld verdinen als mit gas, wenn man öl findet.
dass man sich aus nsw verabschiedet hat finde ich inzwischen ebenfalls eher gut, weil die nsw politiker angst vor cbm haben. irgendwann wird auch in nsw cbm gefördert werden, aber niemand weiß wann und zu welchen politischen randbedingungen.
fokus auf usa shale oil - ja gut
nicht so gut: die ölraten aus texas oil shale wolfcamp etc. sind nicht ganz so gut wie erhofft, warum auch immer (nicht optimal komplettiert, nicht optimal gefract, nicht optimale geologie, ansatzpunkte etc?) Nicht optimal aber ich bin froh dss überhaupt etwas produzieren.
Katastrophal: share price absturz
Antwort auf Beitrag Nr.: 44.530.369 von texas2 am 29.04.13 10:38:55mpo dümpelt in einer flaute
Antwort auf Beitrag Nr.: 45.244.023 von texas2 am 13.08.13 22:06:54http://www.petersco.com/pdf/Molopo_SE-Saskatchewan_Informati…
versuchter ausverkauf
versuchter ausverkauf
Sommer 2014 und MPO ist noch immer ziemlich planlos
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