re: Ann: Molopo Energy Completes Sale of Barn...
I am praying that this comment "Molopo is continuing to consider potential cash deployment opportunities" is not related at all to the ceo's other company Kallisto Energy (https://www.google.com/finance?q=CVE%3AKEC&ei=y1nMUrC9EJDMkgWyvgE)
They are in debt and going further down the tube.
"Kallisto’s oil and gas production currently comes from 35 wells (15.9 net), all of which are in Alberta. Field production at the end of October 2013 was approximately 225 boe/d net to the Company, including approximately 133 bbls/d of oil and NGLs. The majority of the Company’s production is non-operated."
They are looking for 6-8 million $ for 2014.
"Kallisto will use internally generated cash flow but will also require additional sources of capital. Such additional capital may come through farm-out agreements, disposition of non-core infrastructure assets, additional equity financing or through corporate transactions. Management is in discussions with various parties on all these options."
http://www.kallistoenergy.com
MPO Price at posting:
20.0¢ Sentiment: None Disclosure: Held
