MPO 0.00% 14.0¢ molopo energy limited

molopo press release by stehen mitchel

  1. 1,250 Posts.
    Molopo Australian CBM project development on tap


    Molopo drilling in Bowen Basin.
    (7/11/2002 - OGI: Perth) Molopo Australia is nearing completion of its three-well Queensland Bowen Basin CBM drilling program and is in the throes of determining development for the project. The company said today that the third well was spudded yesterday and production testing is about to get underway.
    The Molopo CBM project is tapping the Mungi and Harcourt coalbeds in Queensland, Australia's Bowen Basin just west of Gladstone in Blocks ATP 564-P and PL-94.
    Stephen Mitchell, Molopo's managing director, said, "We are confident we have two fields in place which should be viable using proven water frac stimulation methods. The value of proceeding with this second round of production tests is to assess whether higher optimization of the reserves is possible using the new surface to in-seam gas extraction method instead of water fracing."


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    Molopo expects the drilling program to be completed in about a month, after which it should have a plan in place for the development of the fields.

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