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Mosman Oil Gas Share Chat (MSMN)



Share Price: 0.70Bid: 0.65Ask: 0.75Change: -0.025 (-3.45%)Faller - Mosman Oil Gas
Spread: 0.10Spread as %: 15.38%Open: 0.725High: 0.725Low: 0.675Yesterday’s Close: 0.725


Share Discussion for Mosman Oil Gas


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POPEYE72
Posts: 433
Opinion:No Opinion
Price:0.70
BRR Media
Today 14:13
Just listen to the last two media interviews and sounds great in context ....drill bit turning as we speak and two week time frame from last week gives a base for next news and then we have Arkoma percentage / flow rate to come with knowing the ESP’s installed have been upgraded ....GLA

https://www.brrmedia.co.uk/search/?b=1&csearch=MOSMAN+OIL+%26+GAS&search_cid=531e54483665390df90047a7
 
londoner7
Posts: 449
Opinion:No Opinion
Price:0.70
RE: Stanley
Today 13:58
Spary1, you say, "then go for a nice high monthly corporate cost".

What is the basis for your comment?

This is how I got to US$65K minimum:

From the half year report (Aussie dollars)
Admin 67K
Corporate 406K
Director fees 60K
Employee benefits 48K
---------------------------------
Total A$581K, or US$430, which is US72K per month.

All of these costs are comparable to costs in the previous 12 months, however I've assumed Mosman has to cut back on costs, so I knocked 10% off, and I think that is generous.

Hence my US$65K minimum.

There will also be costs associated with the OZ licencing of US$150K for this year. I haven't included this because I'm assessing Mosman on the basis of it's US cash flows.
Sweatysock
Posts: 636
Opinion:No Opinion
Price:0.70
Santos Drilling
Today 13:30
Information Source ...

https://www.santos.com/media-centre/announcements/nt-decision-to-allow-onshore-gas-exploration-to-restart-in-2019/

Looks like a good time for companies to get positioned given the NT decision to allow on shore fracking in Northern Terrorites ..

https://www.lngworldnews.com/northern-territory-to-restart-onshore-gas-exploration-in-2019/

This obviously could have more than a minor impact on the fortunes of Mosman if they achieve their intention of making a major impact on the OZ play, but that may be a while away perhaps.
Spary1
Posts: 9,440
Premium Chat Member
Opinion:No Opinion
Price:0.675
RE: Stanley
Today 12:47
well as I thought, let’s go for the lowest figures in production of one asset possible and then go for a nice high monthly corporate cost ;)
Doug666
Posts: 556
Opinion:No Opinion
Price:0.70
RE: Stanley
Today 12:37
24 would be gross bopd, 16 would probably be close to net if the anticipated production figure is correct.
Spary1
Posts: 9,440
Premium Chat Member
Opinion:No Opinion
Price:0.70
RE: Stanley
Today 12:31
I’m seeing 24 bopd on Stanley not 16
itisagame
Posts: 1,079
Opinion:No Opinion
Price:0.70
RE: Stanley
Today 12:26
16bpd doesn’t sound a lot but it helps pay the bills.
fingers crossed in a few weeks we read an rns or news article detailing that $145k spent increased Msmns average bpd total by 50-75%. Obviously any positive need on any other project would be a bonus too. GL
londoner7
Posts: 449
Opinion:No Opinion
Price:0.70
RE: Stanley
Today 11:46
itsagame, good numbers and some good questions.

Of course we won't know how close Stanley gets to the proposed 150, assuming success, but based on the guidance 120 sounds a realistic starting point with anything above a bonus. The RNS didn't spell out the cost of royalties, private and public, but based on Welch and Stawn, I'd use 20%. It is this adjustment that accounts the difference between gross and net in their updates.

On these numbers net production would be (0.165*120*0.8) = 16 bopd

Based on the last half year report I estimate net back for $70 WTI at $37, but I accept that this could be out by as much as +/- $10. Going with my $37 and your upper number of $50, gives an income of between $17,800 and $24,000 per month.

I prefer to translate to a monthly number cash income number as I like to keep the monthly corporate costs in mind which I have as $65K minimum.

With Stanley in production the next step would be to get a reserves valuation report, which opens up the options of selling or onbtaining a loan on the asset. Hedging would go alongside a loan.

The question is, can they get a loan against Stanley as a standalone asset, i.e. divorced from corporate costs?

A sale may be the best option and should be attractive against the anticipated costs of drilling and constructing the well. I suspect any deveopment potential around Stanley would be a payment/drill/repeat exercise. A bit different from the current licence valuations for the Welch and Arkoma fields.
Sweatysock
Posts: 636
Opinion:No Opinion
Price:0.70
Potential JV partners for OZ being
Today 10:55
In the 4th April RNS it states ...

'The reprocessing of 1980 seismic has delivered better definition than originally anticipated, especially of the deeper zones. Notably, there is evidence to support that field geology based
hypothesis that the anticline up-thrust is a result of salt tectonics. Stage One of the work will continue to include nearby deep well data and seismic interpretation. Given the excellent results
so far,Mosman is considering extending the work to Stage Two, including reprocessing the 1991 seismic date.

In regard to the permit schedule, the NT government has advised its approval of the Mosman request to extend the time frame of the permit. The principal work program is now:

1. Acquiring and processing 100 km of 2D seismic by 21/08/2019

2. Drilling one well by 21/08/2020

3. A second well by 21/08/2021

This timetable allows more time for technical work and also to determine the most effective way to fund the work program, including the options of a potential farm-out or joint venture.

These results mean the project is now expected to be much more attractive to potential industry partners.'

So hopefully the BOD are making progress in the background with touting for business and having conversations with potential JV partners as per their intent in this RNS.
Spary1
Posts: 9,440
Premium Chat Member
Opinion:No Opinion
Price:0.70
Oz moving forward now
Today 10:52
All the posts have been removed, seems positivity wasn’t in order from the uninvested, anyway in reply to a digger post, yes I think Oz is being pushed up the priority list hence why we funded the seismic reprocessing, have a listen to the interview

http://www.proactiveinvestors.co.uk/companies/stocktube/9871/welch-proving-to-be-a-star-performer-as-mosman-oil-and-gas-increases-production-9871.htm

Hopefully this is an ok post
itisagame
Posts: 1,079
Opinion:No Opinion
Price:0.70
Stanley
Today 10:52
If Stanley is successful and they can get a stable ~120bpd from Stanley and if they can net back around $40-$50 / barrel (just a guess cost based on a few other Texas oil companies I’ve traded at $20-$25 pb costs) and msmn can earn close to $800-$1k per day from it,
How much could they borrow using it as security?
Once stable Could they use the oil against a hedging facility?
What would it be worth if they sold their stake?
steakpie
Posts: 4,212
Opinion:No Opinion
Price:0.70
OMERTRADERS
Today 08:50
That made me chuckle , going to be best post of the day , well said
vbeckers
Posts: 3,134
Opinion:No Opinion
Price:0.725
RE: Msmn
Today 08:40
"If it go it will be an opportunity." - says it all to be honest. the agenda is clear now.
Snaffer
Posts: 1,074
Opinion:No Opinion
Price:0.725
RE: Msmn
Today 08:39
Muri, the last issue of shares was at 0.06 and a long time ago you pointless cretin.
Sweatysock
Posts: 636
Opinion:No Opinion
Price:0.725
RE: Msmn
Today 08:34
tiresome, keep kicking thetrough, placing was ages ago, incidently we are about to move away from this range soon, you had your chance, trot on
Muri
Posts: 88
Opinion:No Opinion
Price:0.725
RE: Msmn
Today 08:27
Trades are very close to the bid and show in read. I think they might be 50:50.
But I belive the placing done at 0.55p still might push down sp to 0.6p. Let see what market will decide. If it go it will be an opportunity.
Spary1
Posts: 9,440
Premium Chat Member
Opinion:No Opinion
Price:0.725
RE: Msmn
Today 08:22
Muri more buys than sells, bid very close, I’m sure even you can spot the higher price red trades as buys ;) maybe someone trying to code there short
OMERTRADERS
Posts: 303
Premium Chat Member
Opinion:No Opinion
Price:0.725
Hopefully
Today 07:11
we will not be disappointing , I would say it wont go up 20p in short or medium term but company with producing wells
very low share in issue and small marker cap will lift this share up higher. Realistic short term share price can be 3-4p and medium term around 5-6p.
UkOG last year shot with in 1 month from 1p to 11p ----- so good luck MSMN is getting stronger and stronger day by day. Its not ramp its fatct , tide has turned now and copmany is set to start its real action now.
WTF2012
Posts: 1,478
Opinion:No Opinion
Price:0.725
RE: Illuminating
Today 04:57
No doubt when news lands you’ll be nowhere to be seen - kind of like last week when you were conveniently ‘away’ on the day we rose 60% - licking your wounds but giving yourself time to pick fault with any piece of information ‘missing’ or not up to your exacting eye for detail in the RNS.

Now like a persky god botherer you are knocking at the door desperate for new followers to try and bring this down to where you placed your short. But each 0.01c this rises it will warm the hearts of honest and long term investors alike that you are ever closer from closing your short.
Mc78
Posts: 758
Opinion:No Opinion
Price:0.725
RE: Illuminating
Sun 23:53
#sadlittlelives.

Fascinating......

Roll on the news.
Clearbluesky
Posts: 722
Opinion:No Opinion
Price:0.725
Illuminating
Sun 22:30
Reading the posts from the Brady Bunch this weekend. We've had posts with daft MCAPs mentioned. And the usual cut and paste waffle to incite the newbies.

Londoner with some decent commercial oriented posts and discussion.

And the Brady Bunch? Not one attempt to add anything business commercial.

Because they can't . Looks like Pom Pom waving and cheerleading is the extent of their sad little lives.
Sweatysock
Posts: 636
Opinion:No Opinion
Price:0.725
RE: CBS
Sun 21:45
Lol steak pie I guess cbs is like penny wise in IT the more long term holders stand up for their share their invested in and feel confident and show no fear the weaker and more pathetic the nemesis trolls look like cbs are. looking forward to the next week hopefully more positive news to follow and increased positive growth in share price as I said earlier 0.725 is no way near where we have been in the last few months so expect big movement upwards still news or not , good luck all genuine investors
stew200
Posts: 10,377
Opinion:No Opinion
Price:0.725
Great week
Sun 20:42
Agreed reckon we are in for a great week ahead
Spary1
Posts: 9,440
Premium Chat Member
Opinion:No Opinion
Price:0.725
Lots of news due
Sun 20:40
There is so much news to come in the next couple of weeks

Arkoma ESP stabilised flow rates to an announce to market(already paid for)
Arkoma next % increase (have cash for)
OZ gas update on Seismics

Then we are awaiting August’s news

Welch flow rates
Welch horizontal drill update, (a lead time has already been paid)
Results of the new Stanley drill spuded on Friday( already paid for)

Then in any time frame from now onwards

Oz JV which could be explosive
Further alliance with new strategic alliance partners
Gem update

Good luck to those invested
steakpie
Posts: 4,212
Opinion:No Opinion
Price:0.725
CBS
Sun 20:39
Steakpie ! Snake ?? Who has trouble with there 1st language .
Or you did it on purpose if so that is so funny ha ha
Games you play




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