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thescreeners said:capping at 5.5
the market is running hot...
no ann. after all the promises of the management..
obviously something cooking .. >>
good or bad that question,...
china pending
mungi production update
gloucester in progress
usa no news after the drilling,
molopo should be 15 cents in this market...
what are those ruthless management gnomes doing ??
looking after them self
Well the buyer is still there on the front line. You would think that to put $172000 into a stock of this type you'd have rocks in your head! Unless of course they are expecting some great returns ?!constable said:Buy order for 4000000 units at .043!! I should add its certainly not mine!
MEDIA RELEASE
MOLOPO FURTHER STRENGTHENS CBM TEAM
14 February 2007
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”.
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