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... why would you invest $30k into an average with 6bopd proven and a land rental with zero history in the hope of a 20% return later in the year yet the multi billion $ asset in Oz is gradually outdating our lease with zero progress.
Just hope we don't start using the term ' here's another fine mess you've got me into Stanley!! .... or John..... or Andy' cause that's what I'm in, as a LTH.
https://twitter.com/Mosmanoilandgas/status/1233026430696644609?s=20 showd the greater Stanley project aquisition 1 and 2.
It’s just plain bad timing Everton’s being mullered,
Baja know what they are doing 30k for land they have had their eye on.
Tin hats and come back when Stanley has been drilled
My main concern is if jb can get anything meaningful for arkoma.millions spent but be surprised if get gets more than a couple of hundred k
Cheers. I expect they will show as a sell and drop the price. Gla
0.1238
What price did you get. Be interesting to see if they show it as a sell.
i topped up £6K an hour ago, but it still not sign of them on the share trade ! what a game they play here?
Lol
Shhhhhhhhhh. Lol
200,000,000 share we now have today !
Shop till you drop :))
Problem is Spary is once again we have a wishy washy RNS full of hope but without any substance. No headline investor grabbing news just more projected possible positives for some point in the future plus a delayed drill.
So $300k raised, 10% spent on this leaving a $270k lifestyle budget for 2020. Nice
Looking good here, lol DYOR
Traders heading for the exit doors dragging the Share Price down (with tail between legs and big losses!!!)
BYE, BYE, BYE
Mosman now valued at £1 Million Really!!!
Agree this price is beyond silly
We are now valued at £1.25 million
I think of estimates last month or so we thought we were close to 100 bopd which is 100 * 50 poo a day = 5000 dollars a day *300 days (downtime etc factored in) 1.5 million dollars revenue forgetting assets , Oz etc etc
I know sentiment is low but on this rns I don’t see the need for a 13 percent drop , but that is
My opinion , I guess others will say it is entirely justified !
Gla
The last trade was my buy I could not believe I would get 0.1274.. To average down. I do have 7 million plus of these now..with an avg of more than 0.5. That is getting very uncomfortable and high risk indeed. To get 50% discount as of 2 weeks ago is insane. Key is we still have all the assets and the hope I have is if we can get rid of Strawn then we can surely get rid of Arkoma and Welch at good prices. Arkoma needs to pick again as they did 6 months ago. Hopefully March we will see a positive trend but its all needs proving by the bod
Da_Gee your right just read it again !
Let’s hope all gets agreed ASAP !
Cheers
No 1st aquisition now has 20% with 2 Wells already producing from the sparta zone. Recompletion is required to another zone as per s1, s2 etc. The 2nd acreage is worth 25% so at least we have increased our percentage as 14% was too low. If we get anywhere near the bopd for s1 and s2 then this could be a good move by mosman. But needa to be proved and quickly that the key.we need to be self sustainable ASAP. Hopefully the greater Stanley area strategy pays off.
Am l right in there is only 20% not 25 % stated in the ist RNS ?
Market is not going anywhere sale at .011 really !
This went down well !!
Dyor
My assumption only
We acquired Welch and Arkoma and that got us where ?
Spend is one thing generating upside revenue is another !
Read positive if you want but l again look at negative to find a true value result ! Still to be proven in my opinion
Dyor
At least we have some news, positive news I feel... let's hope that they will deliver on this RNS; will see in a month or two.....