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MPO - Molopo Gas

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Pointr. I agree and think that I have written quite a bit previously. It is an ambitious, well manged and cautious company that is aiming at becoming a substantial mid tier company. Gloucester is regarded as a core part of AJL (it of course has a 70% interest and MPO only 30%) but is it only one of 5 different threads to MPO's bow. I disclose long term holdings.
 

Hey Pointr..was wondering if such a "reversible" pipeline was possible. Gather adjustments needed gravity head+flow direction.
What system changes would be needed??.

On reading the QGC pipeline "proposal" ...& separate ann re Hunter power station "site yet to be finalised"...it becomes clear that considerable flexibility exists for QGC to "evolve" this concept beyond the 50PJ/year comittment to the pipeline.
An aggressive scenario would involve M&A to gain control of a production hub and sales outlet at each end. QLD has been achieved (powerstation offtake & pipeline to Gladstone LNG). NSW strategy is pending...where AJL/MPO+SGL are key players.
AGL is also a v.interested player here - as a SGL customer; JV partner & QGC shareholder....yet to show a hand
 
Hi Col Lector, not sure about pipelines, up until your post I thought they only relied on a pressure gradient created by compression. I'm no expert mind you my view of the offshore oil and gas industry was limited to what I could see through a divers helmet All the best for hopefully another good week for these developing energy companies. Pointr
 
Any thoughts , guesses or prognostications regarding MPO's strong move today against the trend of the market?????
We acknowledge holdings in MPO
 
Thanks mrgroundwork for doing your groundwork. Alan Kohler a week ago on the ABC news described CSG as "the new iron ore, they can't get enough of the stuff". I take heart from this because iron ore has had a multi-year run now and is still running strongly. I think there is a strong fundamental story behind Aussie CSG that will keep it going for a long time regardless of periods of market over and under enthusiasm. And my memory is long enough to remember workmates winning and losing on the initial enthusiasm over SGL nearly a decade ago
 
I sold about 30% of my holding today to lock in some profits. Still have a nice chunk left for the longer term, but I think we may see a bit of a retrace over the next couple of weeks/months. Happy to be wrong about that and see it shoot straight through though.
 
could be a few crew waiting to sell down till after 30 June...

i may sell down my cost base in July, so what's left in is just my profits...
 
Hello again to those following MPO. A nice little jump to 2.07 this morning but had come back a bit last time I looked. Any clever people out there with a view as to, is this end of fin.year jockeying or something more. We hold(even when they went to $1.53 about a fortnight ago)
 
Another positive announcement for MPO today in regards to their CSG projects located strategically near to Gladstone with a pipeline running through them. The announcement was still referring to 'potential' within the field however eventually the weight of positive announcements should be reflected in the shareprice. We hold a few and are in positive territory.
 
The share price has held well despite the last 2 weeks of financial turmoil. Hopefully, it will further stabilise and move in a postive direction with the imminent US Financial Markets Bailout. I believe in the medium to long term both cheaper and cleaner energy sources will be in high demand. MPO is strategically placed to provide this future alternative and I believe presents good shareholder value. The company is already producing whilst ensuring further worldwide exploration, debt free with current cash reserves of 17 million and less than 183 million shares on issue.

Wonder if any foreign investment interest will come from the recent presentation by MPO to the Wellington West CapitalMarkets Inc, Quebec Shale Gas Conference in Toronto, Canada on 25 September 2008?
 
Yesterday MPO rose around 10% on volume not seen for 6 months. Perhaps this was the 'smart money' reentering (those who unlike me sold in early July) MPO is also still doing real things in Australia and around the world. It has mentioned in recent announcements approaches regarding its Gloucester CSG assetts and formal farm in approaches in its Canadian shale gas acreage.
 
well most of the volumes were crossings, so could be a big holder finally got to offload some shares via a private transaction rather than dumping on market....

that could be good or bad, but really its useless info if you dont know the story behind it....

plus the volume was right back down today...
 
Its been a bit quiet here lately. I got in and out of MPO today within a few hours for a nice little profit. First time I've had a go at "day trading". I guess I picked the right stock on the right day!
 
gav said:
Its been a bit quiet here lately. I got in and out of MPO today within a few hours for a nice little profit. First time I've had a go at "day trading". I guess I picked the right stock on the right day!
Click to expand...

hey gav, i'm fairly new on the ASX and i was wondering how you can do day trades?? Do you have a separate account or the same same trading account??
 
Today MPO announced that it had sold its 30% stake in the Gloucester CSG project to AGL Energy. AJL the holder of the other 70% had also sold in the same process. The sale proceeds weren't that far pre tax from yesterdays total market capitalisation, so this can't be a bad thing, can it. Price multiples were lower than recent Qld based CSG buyouts. Both AJL and MPO have moved a bit from the announcement but settled during the day. Hopefully this is the start of the rebuild in SP for both these companies.
 
Im liking MPO!

To me it looks good fundamentally, strong cash position ($120million).
Technically the chart looks like a potential breakout too.
This stock has been steadily rising this year.

Anyone else have opinions on this one?
 
Hi again all,
"This stock has been steadily rising this year". Well yes since it fell from over $2.00. I still think there is a good story here, management is focussing on Qld, Sth Africa, and Quebec. I wonder if they would have liked to have paid their cash call and maintained 'our' percentage in the China block having regard to todays announcement about it having special project status from the Chinese Gov't. The Quebec shale gas acreage has been referred to as a 'legacy assett'. I'm not skilled in assessing anything about hydrocarbon projects however it is cold often over there, it is near major markets and financial crisis or not people are not going to choose to freeze to death if they can avoid it
 
Today MPO announced a production milestone of 1MMscfd from a multi lateral well in a sole risk part of their mungi field. This is good for MPO as they get 100% of this production, but more importantly shows the benefit of this technology in this field. The SP jumped 10% after this release but has settled. This technology and similar approaches can only benefit CSG producers. ESG is trialling similar multi-laterals in its bibblewindi pilot to extract greatest gas with the smallest geographic footprint + cost benefits. It should also provide a dollar or 2 to AJL who with their Lucas/Mitchell drilling division are the largest CSG and coal drillers in Australia. I draw some comfort from our holdings in MPO,ESG and AJL that these companies are still doing tangible things and hopefully adding value that will at some time be fully recognised by the market
 
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