Molopo Australia Limited (mpo)

**thescreeners** · 19-07-2005, 01:00 PM

the value is there...
but why they seems to sell into news...
i do not thinks it is an accumulation process...
i feel they will do a capital reconstruction, to wipe out the options holders
1 for 10
so the oppies will be exercise at 1 dollar
think about it...
shares have value, but a big gap for oppies to be in the money

**thescreeners** · 19-07-2005, 08:23 PM

just a bit of correction,
just reading the presentation...
they got only 10 wells producing 2 PJ
to reach 74 PJ they need about 100 wells..
it took molopo 5 years to set the 10 wells,,
maybe in 20 years time they will be in full production

**tracker** · 20-07-2005, 07:58 AM

so multiple nicks are acceptable on ST

I assumed differently???

will ask mods directly I think

tracker

**ananda77** · 20-07-2005, 11:57 AM

thescreeners:

74.3PJ are 2P-Reserves for Mundi/Harcourt. Actually all they need now is sales. The absence of Sales has been a notorious weakness with Molopo for donkey's years.

Personally I am glad that they sold the China assets to be able to concentrate more on the development of their Australian ones.

Well, first Sales MOU in place with Ergon with view to start in 2006.

Also, Molopo considers the exploration projects in the USA as low-risk and with very good prices as well as excellent infrastructure, it could generate much needed cash-flow for the company.

There is always a point in time when things are changing.

Kind Regards

**ananda77** · 20-07-2005, 12:46 PM

What's happening???

Announcement pending???

**ananda77** · 21-07-2005, 01:22 PM

Interesting and most likely the most important step for the MOU with Ergon Energy to succeed:
(all Gas produced from Mungi presently contracted to Origin - sales of gas secure...)

On 8 July 2005, the Council released a draft recommendation on the application for coverage. The draft recommendation is that the Dawson Valley Pipeline does not meet all the criteria for coverage under the Code and should not be covered. The Council is seeking further submissions from interested parties by no later than 5pm on Friday 22 July 2005 .

The Council will then make a final recommendation to the relevant decision-maker (in this case the Australian Government Minister for Industry, Tourism and Resources) on whether the criteria are met and whether the pipeline should be declared.

Information:

http://www.ncc.gov.au/pdf/REGaDVapp-001.pdf
http://www.ncc.gov.au/pdf/REGaDVDR-001.pdf

Full Molopo Story: http://www.ncc.gov.au/pdf/REGaDVSu-002.pdf
Excerpts: Gas Sales

After establishing reserves of gas in the abovementioned permit areas, Molopo began discussions with several gas users and retailers in an attempt to develop stable, long-term contracts for sale of gas.

Some of the potential end-users expressed negative sentiment when informed that the DVP was owned by Origin and that it was not covered.

These concerns were hard to overcome for Molopo. As a small, emerging gas producer Molopo has negligible negotiating power relative to Origin. Origin is correctly seen as Molopo’s competitor for sales of gas in Gladstone. Origin is also seen as a competitor to the major, incumbent gas retailers to whom Molopo was trying to sell gas. Thus, with Origin owning an uncovered pipeline upon which deliveries of gas by Molopo are dependent, Molopo’s attractiveness as a prospective supplier of gas has been compromised.

On 13 March 2004 Molopo commenced gas sales of Mungi gas to Origin.
Alternative buyers could not be secured and Molopo had no choice but to sell the gas to its competitor. Molopo’s negotiating position with Origin was pathetically weak in terms of both gas transportation costs and gas price.

Whilst the commencement of gas sales was an important milestone, it is just the beginning in terms of the envisaged potential of the field.

On 10 May 2004 Molopo announced the establishment of a Memorandum of
Understanding with Ergon Energy for the sale of up to 3.5 PJ/a of gas over a 15 year period, commencing as early as 2006. Detailed sales arrangements and gas reserves certification have yet to be completed. It is hoped that fair access arrangements will be established for the DVP in accordance with the National Access Code so that the MOU with Ergon can become a binding gas sales agreement.

**thescreeners** · 24-07-2005, 12:02 PM

well interesting input>>>
after reading seems that molopo has a very slow process...
in time they will be ok,, but the time is runing out for options holder,,,
seems that nobody has been buying from previous pump...
but again some good news could push the shaREs over 20 cents , very quickly
thanks for your comments
i have shares and options, but now accumulate shares

**ananda77** · 27-07-2005, 11:35 AM

...request for trading HALT!!

...wonder what's that all about...not one quiet minute!!

**ananda77** · 12-08-2005, 02:12 PM

Looks like mpo's having an accumulation day...over 5m shares traded in narrow price range 4.4/4.6.

Bullish...ready to move up...check it out.

mpo closes strong on today's high - Volume 6.14m

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Kind Regards