#MolopoEnergy to sell its #Queensland #CSG assets

Molopo Energy is altering its strategy and is looking to focus on North America.  Molopo currently owns coal seam gas assets in the Bowen Basin in Australia, and is looking to sell these assets to fund exploration in North America. This is a strategy that was that was released last April, when Molopo confirmed that they were selling they assets in Queensland.

Molopo currently also owns assets in Texas and is looking to drill the first two horizontal wells at the site in May. The buyer of the assets in Queensland have not been confirmed as parties are still in negotiations.

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