MPO 0.00% 14.0¢ molopo energy limited

molopo ann. on april fool day!!!

  1. 137 Posts.
    as
    NEWS RELEASE
    are they still fooling around ! or what

    MOLOPO COMMENCES PRODUCTION TESTING OF THE TIMMY #1 COALBED METHANE
    WELL IN QUEENSLAND

    Molopo Australia NL announces that it has commenced testing of the
    Timmy #1 surface-to-inseam (SIS) production test well at the Timmy
    coalbed methane gas accumulation, located in ATP602P in Queenslands
    Bowen Basin. Initial production rates will be announced after the
    dewatering process has been completed.

    Molopo and its joint venture partners are testing a total of 4
    production wells drilled in Queensland late last year.

    The four well programme includes three SIS wells and the Mungi 4 well
    that peaked at over 1,000,000 cubic feet/day and was producing just
    over 800,000 cubic feet/day before it was suspended prior to being
    tied into the gathering and compression network.

    The Mungi #2 SIS well was placed on pump on 5 March 2003 with initial
    results expected in April; and the Harcourt #2 SIS well is scheduled
    for production testing later in April. Much of the testing has been
    delayed due to inclement weather encountered in the region over the
    past two months.

    Molopo and its joint venture partners, Oil Company of Australia
    (Moura) Pty Ltd (50% and operator) and Helm Energy (25%), are
    currently planning a drilling programme for 2003 and expect to
    announce details of that programme later this week.


 
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