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Clearly aimless and fits have no clue spouting off as if they know what is going to happen next know nothing, great to see mosman move on in Oz not like aforementioned , if they can sell on USA assets to source next drill and. Progress Oz all good no matter what others would want you to think , dyor awe ra best sweaty
Good to see them starting to get the message out already and to put a face to the co imo..
https://stockhead.com.au/stockhead-tv/long-shortz/long-shortz-with-greenvale-energy-amadeus-basin-triple-play-helium-hydrogen-and-hydrocarbons/
Yes they will only excute when we are comfortably pass 0.03- 0.04 and all up to the warrant holders. Key is Andy seema to be happy with the cash position.. All doubters on here that were spouting crap on the approval rns day.. Good to see finally market at ease.. Payments coming from greenvale and oil and gas reveneues. Come on msmn still at £2 million mcap
Excellent update, thank you for sharing John
Great factual post John. At 0.025 there is also £500,000 for warrants to be exercised. Which further strengthens the cash position.
The sale of Stanley is close and will test the market cap. They have plenty of cash to further develop Cinnebar which has substantial reserves to optimise. Helium is progressing nicely which is supported from cash generation; all looks good!
Quote from Andy Carroll - MSMN CEO in Sharetalk interview yesterday 1st May 2024
https://www.share-talk.com/mosman-oil-and-gas-lonmsmn-ceo-andy-carroll-progress-at-ep-145-project-with-govt-approval/
Q "IS there anything you can tell me about the funding situation"?
A "Yeah so we periodically put out our cash balance along with our quarterly production, our recent querterly production in the US is strong which indicates revenue and cash flow. The cash number is strong and now that we've got the final approval for this Northern territory farmin we get a lump sum cash paymnent from Greenvale and we also get reimbursed the expenditure from a couple of months back that we've been progressing the project with long lead items and consultant fees, so we also get that reimbursed by Greenvale.so you know... cash balance is STRONG it's gonna be stronger in the next few eeks as thos payments are received so there's no reason why we should be looking to raise capital in the forseeable future"
Q. "And so basically you're in a sweet spot in terms of what's there in the ground and also your financial position too?"
A. "Yeah we have talked about the fact that unlike other exploration companies we actually have revenue income from the US assets but we've got options there as to ways to commercialise those US assets. We have announced in RNS that we are looking to sell those US assets...."
Imagine they'll RNS when they have finance.
Re Mt Winter1 should be taken onboard they're after the hydrocarbons ae well as the helium. helium has become popular but they had 67m's of oil shows too which I believe they can exploit if helium is a no show at that location?
"Fig.5 Local Geology & Seismic Grid-the Grid is connected to a track leading to a main road so access for additional surveys and drilling should be reasonable.
Several significant oil shows were encountered in Mt Winter #1:
a. The basal Stairway Sandstone 150m-190m (40m) with bright blue white fluroescence and a moderate to fast yellow cut; oil was also reported in the drilling mud over this interval;
b. Sporadic poor shows in the Horn Valley Siltstone source beds;
c. Live oil in sandstones of the Johnny’s Creek Beds 1,734m-1,761m (27m); this
occurred with common heavy black residual oil exhibiting yellow fluorescence and instant yellow to green cut. Gas up to C6 (hexane) was also recorded in this interval.
Some comments were made in the Mt Winter #1 WCR that some of the more porous and permeable sections in these intervals may have had oil displaced by drilling fluids further into the formation; a common occurrence when onshore drilling in Australia was dominated by water gel barites mud types which were frequently overweight.
The few recordings of mud weight were in a range approaching 9 ppg, ie definitely moderately overweight for a saline marine formation fluid and possibly heavy enough to displace oil into the formation."
https://charlesstreetsecurities.co.uk/Resources/Georgina%202.pdf
Page 10
Anyone know if Georgina hit the £5m subscription for ipo yet?
I found this interview to be very well done. Very promising months ahead and the cash position is sound with the lump sum and reimbursement.
Nomad said yes :) Andy Carroll, CEO of Mosman Oil and Gas Ltd (LON: MSMN), spoke with Share Talk with the news that the company has received the final Government approval on the Farmin of its Australian project EP 145, in which Mosman currently holds a 100% interest. https://www.share-talk.com/mosman-oil-and-gas-lonmsmn-ceo-andy-carroll-progress-at-ep-145-project-with-govt-approval/
Or Twitter https://twitter.com/Share_Talk/status/1785691711127031880
Botham, thanks for the link. I had seen it before, one of dozens I’ve seen over the years, with AC, JB and supportive analysts.
I’ve been following the detail for many years, as I said, I find it engrossing and can understand the attraction of a speculative investment. But I’ve also become familiar with the deflections that are introduced in these interviews, which can easily mislead a listener who isn’t already familiar with the story.
AC mentions the two drills on EP145 which were not tested for Helium because they were not drilled to sufficient depth – the implication is that if they had been drilled deeper, they would have encountered Helium. But listen closely – AC does not say these wells will be re-entered. Hence my post directed to you. Read the RNS – statements must be true and accurate.
Why would they re-enter? When these wells were drilled decades ago the prospect was oil. What are the chances that these well locations are the optimum Helium hotspot based on current and to be acquired seismic? Answer, zero.
Which is why I also find Georgina Energy’s plan to re-enter wells on Hussan and Mt Winter-1 as a cheap option, but likely, an unsuccessful outcome.
I don’t think I’ve posted here since late 2022, but I’ve previously posted on the misleading claims based on high concentrations of Helium. I’ve referenced academic papers that reported high initial concentrations on wells referenced by AC, but the flow rates dropped off to negligible with weeks, i.e. not commercial. Given the current high price of Helium, a few years back Central Petroleum conducted a study of commercial Helium extraction in the basin. I’ve read the report, but don’t remember the reason the project never went ahead. More recently an Asia Helium company agreed a JV with Central Petroleum and a free carry on a drill for Helium, but they never came up with the funding. Last I heard CP were claiming for their costs in the JV.
Lots of activity above ground, but little happening below ground.
Phenomenal dumping occurring another 0.5b by close today at least
London no confusion both Georgina Energy and Mosman on EP145 have two previous wells each that they intend to re-enter please listen to both party interviews https://juststocks.com.au/mosman-oil-gas-tells-juststocks-of-increasing-us-production-and-helium-exploration-in-australia/
Botham, given your declared positions in both Mosman and Georgina Energy I’d expect you to add some clarity in your posts, but I think you’re confusing Greenvale terms on EP145 with the Georgina Energy’s plan for EPA155.
Geogina Energy’s primary target is an existing well on EP513 Hussan in the Officier Basin. Last I heard the Mt Winter-1 well on Mosman’s EP155 licence is their secondary target, 18 months later. I don't know if that has changed.
The EPA155 agreement:
“The Farminee will also undertake technical work in accordance with the permit work programme, and thereby earn a 70% working interest and become operator of the permit. Mosman will retain a 30% working interest in the permit. At the time of drilling of a well, the Farminee may elect to carry Mosman through the cost of the well and in that case would earn a further 15% working interest, in this scenario Mosman would retain a 15% working interest in the permit.”
“In addition to the forward work programme obligations set out above, Mosman will receive an immediate contribution of A$15,000 from the Farminee in consideration for past costs and a further A$15,000 following completion of the required seismic re-processing work.”
Returning to EP145. The latest news with Greenvale Energy on EP145 includes these comments:
“Mosman has identified a drilling target at 1500m and estimates the cost of drilling that well to be in the order of AUD5m. However, the final location and well design is subject to seismic results, joint venture discussions and NT government approval. Costs of the well over AUD5.5 million and any other costs will be shared Greenvale 75% and Mosman 25%.”
“The cost of drilling a well depends on many factors including the depth of a well and cost of drilling rigs at the time of drilling.”
Mosman has a pattern of issuing market impacting news during market hours. Other companies issue an RNS at 7am giving investors time to digest the news. No doubt Mosman’s intention is to generate some excitement in the stock. Given the very low liquidity in the stock and predominance of poorly informed investors attracted to any spike in the SP, excitement is easy to generate, and this board will reflect the excitement and disappointment of any moves.
Once the dust has settled, there’s a fresh supply of typically novice investors in Mosman’s stock who are then faced with coming to terms with their position. This is reflected in posting. Those of us who have followed Mosman for several years can help by being clear and accurate in our postings.
* I’ve been following the Mosman story since Feb 2016, when an associate asked me for advice on his large investment in Mosman running at a loss. At 0.8p I advised him to take the loss and sell. I lost touch with him but believe he held, in which case he’s another 97.5% down at 0.02p.
My interest is following an engrossing story, from a safe distance.
Aimless Fizt one demented individual.
Must be at least 30% of the entire issued stock dumped since the blockbuster RNS with a share talk interview dropping later today thats massive placing red flag how the hell will they absorb another 2b shares into the market?
Fitbrokerspal - don't post anything negative here or you will get petty personal attacks from wounded investors.
You have to say things like:
"0.3p here we go"
"wow great RNS"
"Multibagger"
Post removed the truth hurts more truth greenvale haven’t got $7.5m aud and can’t go to the markets to get it due to ASX dilution cap so its must be the bank of make belief thats financing it. SP dropping like a stone
Hopefully out today
Coming https://twitter.com/Share_Talk/status/1785604407372968251
Oh dear - this share is 5% down off the back of the amazing blockbuster long awaited RNS announcing JV.
It's investors and Mosman that need help - not me!
Get help aimless you need help
0 institutional investment post RNS - low volume. This share is dog s**t.
Be lucky to see 0.3p ever. Maybe after more fundraising and dilution.
Will they even receive the £85k from Greenvale? 3 days left tick tock
If Georgina hit their target of £5m? They were looking to close the book yesterday