| MOLOPO AUSTRALIA LIMITED - View Question |
Q: Hi Ian,
As a small shareholder, I have a few questions I hope you could help clarify regarding MPO's forecast cashflow for 2011/2012
1. In the recent presentation, the "base program" drilling for CY12 is $50m - is this our expected exploration expenditure for 2011/2012?
2. Would the above expenditure be buffered by revenue from oil sales given Bakken is back in production and is at 300 bopd. What would the impact be on our $59.5m cash reserve.
3. What is the book value for our Queensland assets?
4. South Africa: Based on the 11 boreholes production rates in Virginia and Evander, is it possible to forecast production rates once we obtain government clearance for production.
Thank you very much for clarifying the above.
Regards
Editors of TheInflationist.com
Asked By: theinflationist
Asked On: 23/11/2011 EDT |
Votes: 2 Views: 117
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A: Login or signup to view company response
Answered By: MPO
Answered On: 02/12/2011 EDT
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