MOLOPO Australia Ltd. (WKN 873553) .... bald wieder beim Allzeithoch von 2001 - 500 Beiträge pro Seite

[Selfmademillionaer]

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

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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

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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

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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

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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

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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

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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


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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

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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


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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

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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


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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

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[texas2]

Es freut mich zu sehen, dass MPO auch hier in Deutschland entdeckt wird.

Ein interessanter Thread dazu findet sich auf

www.hotcopper.com.au