Molopo Energy Limited: Queensland Asset Sale Unconditional;

Molopo Energy Limited: Queensland Asset Sale Unconditional;
Transaction to Close 1 November 2012 
CALGARY, ALBERTA -- (Marketwire) -- 10/18/12 -- Molopo Energy Limited
(ASX:MPO) is pleased to announce that the purchaser of Molopo's
Queensland assets has received confirmation from the National
Development and Reform Commission ("NDRC") that it approves of the
transaction. Given that the purchaser has previously received Foreign
Investment Review Board ("FIRB") confirmation that it has no
objection to the transaction, all conditions precedent have been
satisfied. The transaction is now scheduled to close on 1 November
2012.  
For further details on the transaction please see Molopo's press
release dated 1 August 2012. 
This press release contains certain forward-looking statements. These
statements relate to future events or future performance of the
Company. When used in this press release, the words "may", "would",
"could", "will", "intend", "plan", "anticipate", "believe",
"estimate", "predict", "seek", "propose", "expect", "potential",
"continue", and similar expressions, are intended to identify
forward-looking statements. These statements involve known and
unknown risks, uncertainties, and other factors that may cause actual
results or events to differ materially from those anticipated in such
forward-looking statements. Such statements reflect the Company's
current views with respect to certain events, and are subject to a
number of risks, uncertainties and assumptions. Many factors could
cause Molopo's actual results, performance, or achievements to
materially differ from those described in this press release. Should
one or more of these risks or uncertainties materialize, or should
assumptions underlying forward-looking statements prove incorrect,
actual results may vary materially from those described in other
public disclosures made by the Company or this press release as
intended, planned, anticipated, believed, estimated, or expected.
Furthermore, statements relating to "reserves" or "resources" are
deemed to be forward-looking statements, as they involve the implied
assessment, based on certain estimates and assumptions that the
resources and reserves described can be produced profitably in the
future. The forward-looking statements contained in this press
release are expressly qualified in their entirety by this cautionary
declaration. These statements speak only as of the date of this press
release. The Company does not intend and does not assume any
obligation, to update these forward-looking statements to reflect new
information, subsequent events or otherwise, except as required by
law. 
Issued by: Molopo Energy Limited 
Molopo Energy Limited is an ASX-listed oil and gas exploration and
production company. The company is focussed on the development of its
shale oil resource play in the Permian Basin, Texas, USA. The company
also has unconventional oil assets in the Williston Basin,
Saskatchewan, Canada, shale gas assets in Quebec, Canada, a CBM
project in Australia (under divestment) and onshore gas projects in
South Africa.
Contacts:
Molopo Energy Limited
Cindy Gray
VP Capital Markets
403.648.8026 or +61 3 9618 8704 (Australia local)
investorrelations@molopo.com.au
 
 
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