Molopo Energy Limited (Molopo) is an oil and gas exploration and production company. Its activities include petroleum production and investment in exploration, appraisal, development and production of unconventional oil and gas. It is focused on the development of its unconventional tight oil assets in the Permian Basin, Texas, the United States and the Williston Basin, Saskatchewan, Canada. Molopo has shale gas assets in Quebec, Canada, a coalbed methane (CBM) project in Australia (under divestment) and onshore gas projects in South Africa. Molopo has two project areas in the Permian basin of Texas: the 24,600 acre Fiesta project and the 1,400 acre Barnhart project. Both positions are in the Midland sub-basin of the Permian basin in West Texas. Molopo holds approximately 47,000 net acres in Saskatchewan. In October 2012, the Company sold Queensland Bowen Basin coal bed methane assets to a wholly owned subsidiary of PetroChina International Investment Company Limited.