Molopo Australia Limited (mpo)

[JBmurc]

brought back into MPO .255 ...round cash backing ...nil value for 800 Boepd or to any leases

[JBmurc]

MPO now worth 8mill less than cash backing ?? of 65mill AUD (mktcap 57mill) book value of MPO was some 73c in 2012 ....At the very least 60c at present .....So IMHO let's wind it up and return S/H whats left over ...I'll be happy with 50c min for each of my shares

[JBmurc]

Well looks like I'm the only MPO shareholder on here so will continue to talk to myself....now as we know MPO is being valued 8-10mill less than cash in the bank ...yet going from AZZ latest news I think this can't be far away to change as like AZZ likely sell of their Texan permian basin leases for 10k per acre MPO has 26,000 nett acres in the same basin that currently has nil value added to market value
even if MPO could get half the price AZZ is planning on getting on sale.. MPO's cash pile will top 180mill and still have ---------


Saskatchewan, Canada

Molopo holds approximately 47,000 net acres in Saskatchewan with working interest of 100% (except in acreage pooled with other operators), the majority of which was acquired in 2009. The Company’s production in Saskatchewan is derived largely from the Bakken interval within the Taylorton pool.

Molopo has participated in the drilling of non-operated development wells in acreage pooled with adjacent operators in the Taylorton area targeting the Bakken. These wells have been successful, with initial gross production after 30 days ranging from 100 to 300 barrels of oil per day, in line with expectations. The Company may participate in the drilling of one further location in this Taylorton Bakken area, the timing for which is subject to the operator’s scheduling.

The Midale interval, also located in Molopo’s Saskatchewan acreage, has historically been the most prolific oil producing interval in Saskatchewan with highly economic production rates over the past forty years. The extensive seismic survey undertaken by Molopo during the financial year combined with recent exploration drilling indicate that there is potential for production from the Midale interval across some sections of the Company’s acreage. In contrast, the exploration activities carried out during the year suggest that there is limited further potential for Bakken development across the Company’s lands. Molopo is undertaking a thorough evaluation of the future potential exploration and development activity in Saskatchewan on our acreage in order to ensure capital is deployed in areas with the highest rates of return.

Utica Shale Gas - Quebec, Canada

Molopo holds a 100% working interest in approximately 1.4 million acres of exploration acreage in the province of Quebec in Eastern Canada. This area is prospective for natural gas and is located near to existing gas infrastructure and the high demand centres of North Eastern North America. The main target zone is the Utica shale. However, there is currently a government imposed moratorium on fraccing in the Quebec lowlands, which has suspended development.. In light of the moratorium, Molopo has no capital investment plans in Quebec at this time. All lease spending obligations have been suspended and lease tenures have been extended for the duration of the moratorium, which is currently anticipated to remain in place until at least June 2014.

Biogenic Gas - Republic of South Africa

Molopo has gas assets in the Virginia area in the Free State province and the Evander area southeast of Johannesburg, with a 80% working interest after Black Economic Empowerment (BEE) and Government participation. Molopo’s focus in South Africa is in its Virginia area, where gas flow continues from 11 pilot production wells at approximately 1.2 MMcf/d. Molopo was awarded the first onshore natural gas Production Right on Sept 21 2012 and the Company has a gas sales agreement for initial volume of 0.6TJ/d, expandable to 8 TJ/d. The capital investment outlined in the production right is modest, with approximately A$2.4 million in the first year, A$3.9 million in the second year, and A$8.6 million in the third year; totalling A$14.9 million over the three year period.

take this all into account MPO has potential to grow 300% in value in a short period of time

[JBmurc]

BHP Billiton digs deep for riches under Texas soil
The Australian Financial Review, 8 July 2013, Ben Potter

Suggestions have arisen that the South Midland section of the Permian Basin may be home to the second largest oil field in the world. According to Leonardo Maugeri of Harvard Kennedy School, the Basin could hold in excess of 50 billion barrels of recoverable oil. BHP is competing vigorously for a stake in the 22,270,000 hectare land.


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MPO asset ,Midland Basin, Texas, USA

Molopo has two project areas in the Permian basin of Texas: the 24,600 acre Fiesta project and the 1,400 acre Barnhart project. Both positions are in the Midland sub-basin of the Permian basin in West Texas and have potential for oil and gas production from multiple stacked pay zones. The current focus of the Company’s activity is on the emerging Wolfcamp shale oil play.

[Corporate]

Hi JB

I agree this looks cheap on a break up basis but management can easily erode this value if the business is mismanaged. What do you think the share price drivers will be?

[JBmurc]

Hi JB

I agree this looks cheap on a break up basis but management can easily erode this value if the business is mismanaged. What do you think the share price drivers will be?

--Permian basin sale J.V IMHO will be a major SP driver ....Currently with a positive Cash balance we do have some safety in the short term ...yes Mgmt could well continue to destroy Market valve in the long term AMU good example of this..

MPO past has shown a buy n hold a costly exercise ...as to why I'm glad I'm a Trader and have done pretty well out of doing this with MPO ...be happy with a AZZ style bounce on permian deal to sell into 40-50c be great

[JBmurc]

Nick Bolton's Molopo cash box raid will prove costly as ASIC prepares for share sale

Colin Kruger, CBD
Published: July 16 2017 - 2:41PM

An ASIC ban from managing corporations for three years did not stop corporate cowboy, Nick Bolton, from starting the year with an attempted raid on listed cash box Molopo Energy.

But the final bill from his ill-fated raid – aided and abetted by the colourful Perth cowboy, Farooq Khan – might just cool his ardour a little.

The corporate regulator is expected to announce this week which broker has been signed up to sell off the 39.5 million shares that the Takeovers Panel has ordered Bolton's team to offload after taking a dim view of the raid.
The problem for Bolton and his associates is that the stock has plunged since all the excitement about their attempt to sweep the board, which means his crew are significantly under water on the stock which is now to be sold under the divestment order.

In November, one of the entities, Aurora, picked up 14.5 million shares at 15.7¢ each, and another 10 million in March at 17.5¢.

Molopo shares closed on Friday at 12¢. The broker will have up to six months to dispose of the stock, which amounts to 16 per cent of Molopo's issued shares.

That sort of overhang should do wonders for the share price unless the Molopo board find a brilliant investment for the company's $67 million cash pile.

And for those who were wondering, the sale by the nominated broker includes the "requirement that none of the Associated Parties or their respective associates may acquire, directly or indirectly, any of the" shares for sale.

We assume this includes Tony Hartnell – the former chairman of ASIC's predecessor, the Australian Securities Commission – who was nominated for a board seat by Bolton's team.

http://www.smh.com.au/business/cbd/....713-gxarpk.htm