Annual General Meeting of Shareholders May 23, 2013 The Westin Melbourne
Chairmans Address: Greg Lewin 2
Agenda Chairmans Address: Greg Lewin Formal portion of the meeting Opening remarks Call to order Consideration of the Financial Report, Directors Report and Auditors Report for the six months ended 31 December 2012 Consideration…
Molopo Leadership Team Board of Directors (Non-Executive) Greg Lewin, Chairman (Australia) Garry Cameron (Australia) Glenn Ross (Australia) Brain Straub (Canada) Don Engle (Canada) Jeffrey Schwarz (United States) Executive Steve…
Annual General Meeting Business Call to order Consideration of the Financial Report, Directors Report and Auditors Report for the period ended 31 December 2012 Consideration and approval of the Remuneration Report for the six months…
Chief Executive Officers Address: Steve Cloutier 6
Execution of the North American Strategy Focus on North American oil strategy initiated in 2011 Identification of West Texas, U.S.A (Wolfcamp) and South East Saskatchewan, Canada (Bakken) as core areas Balance of non-core assets…
Execution of the North American Strategy Late-in-year estimate of 2012 exit production rate was not achieved Molopo share price materially impacted Change in Molopo executive leadership initiated Steve Cloutier engaged as Chief…
Execution of the North American Strategy Throughout the process and/or upon conclusion, consider potential use of resulting cash Distribute to shareholders Buy-back shares Pay for Molopos share of expenditures, in the event the…
Molopo Valuation and Initiation of Value Maximization Processes Molopo currently trading for cash backing and modest valuation of producing oil and gas assets and undeveloped land Pending outcome of processes identified below, MPO…
General & Administrative Reduction Initiatives 40% reduction in personnel, including the elimination of four senior executive positions Vice President, Exploration; Vice President, Land; Vice President, Capital Markets; General…
Summary Molopo has been unable to effectively execute its North American drilling programs Could not establish viability of new Bakken pools in Saskatchewan Although Wolfcamp play in Texas has been identified and partially…
For further information please contact: Steve Cloutier, Managing Director & CEO or Paul Belliveau, CFO 2000, 500 4th Avenue S.W. Calgary, Alberta, CANADA Telephone Canada: 1-403-264-9778 Telephone Australia: 61-3-9618-8722 E-Mail:…
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