re: Ann: Molopo Energy agrees to sell Barnhar...
Swami, very dissaponing NR? I´m not sure. They disposed 1,400 acres there for 4,8MM valuing $3400 per acre. They bought in for about $1000 per acre. I think it´s the first relatively solid deal by our new CEO. You should consider that the wells drilled by MPO there had to have west-east orientation, however all nearby operators there used to drill horizontal leg north-south. This acreage is like a tight noodle W-E... Really disapointing is the sale ( price) of Saskatchewan property. I would like to know how much money got Peters for advincing this "pretty" deal.
MPO Price at posting:
18.5¢ Sentiment: Hold Disclosure: Held
