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Pin to quick picksMosman Oil Gas Share News (MSMN)

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AIM WINNERS & LOSERS: Angus Energy gets good response to sales process

Mon, 17th Jan 2022 10:57

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.

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AIM - WINNERS

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Angus Energy PLC, up 18% at 1.18 pence, 12-month range 0.56p-1.55p. The oil & gas development company says it has had "at least six bona fide approaches" to participate in its formal sales process or other indications of interest in potential offer for all of the company or its licence interest in the Saltfleetby Gas Field. Says company is not "large and complicated" and so due diligence should not take long. "We are pleased with the expressed level of interest in the company or in its principal asset," says Chief Executive George Lucan.

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Reabold Resources PLC, up 17% at 0.205p, 12-month range 0.1p-0.87p. Says independent study indicates potential for initial production rates of 35.6 million cubic feet of gas per day from a horizontally drilled well situated in the gas zone of its West Newton project in Yorkshire, England, based on the data from the West Newton A-2 well. Study also indicates potential initial production rates of 1,000 barrels of oil per day from a horizontally drilled well situated in the oil zone.

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Mosman Oil & Gas Ltd, up 13% at 0.0848p, 12-month range 0.07p-0.28p. At Falcon-1 well, in which Mosman holds 75% working interest, an additional Frio sand zone has been perforated at a depth 7,457 to 7,460 feet. Plans to periodically increase the choke size and monitor wellhead pressures. Current production rate is up 23% on the average reported for the quarter to September 30. The Falcon project is part of the Champion project in east Texas in the US.

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AIM - LOSERS

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Access Intelligence PLC, down 25% at 115.00p, 12-month range 88.5p-158p. The software-as-a-service products provider expects revenue for the financial year that ended November 30 to be GBP33.1 million, up from GBP19.1 million the previous year, and an adjusted loss before interest, tax, depreciation and amortisation of GBP500,000, in line with forecasts. However, says current challenges in south east Asia will knock Ebitda in 2022 and 2023.

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Leeds Group PLC, down 14% at 18.00p, 12-month range 16.3p-33p. The Leeds-based fabrics importer swings to pretax loss of GBP487,000 for the six months that ended November 30 from profit of GBP735,000 a year before. Revenue falls to GBP15.6 million from GBP20.0 million. Says pandemic hit performance in period. "The prolonged nature of the pandemic, exacerbated by the emergence of the Omicron variant in late November 2021, has impacted consumer confidence and caused many our customers to become overstocked and reduce demand while they correct that position," Leeds Group says.

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Distil PLC, down 12% at 1.625p, 12-month range 1.1p-3.25p. The premium drinks retailer reports sales down 28% year-on-year in nine months to December due to strong performance a year previous, distorted by Covid related lockdowns and consumer stockpiling. On pre-virus levels, sales in the nine-month period are up 23%. Says full-year outlook difficult to forecast but is "anticipating Q4 growth as we lap strong but not extraordinary comparisons."

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By Lucy Heming; lucyheming@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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6 Jan 2023 18:15

Mosman reports on initial production from Cinnabar-1

(Sharecast News) - Energy explorer, developer and producer Mosman Oil and Gas updated the market on initial production from the Cinnabar-1 well in Tyler County, Texas on Friday.

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6 Jan 2023 10:25

AIM WINNERS & LOSERS: Mosman rises on good news for Cinnabar-1 well

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.

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6 Jan 2023 09:03

Mosman Oil & Gas producing 120 barrels of oil per day at Cinnabar-1

(Alliance News) - Mosman Oil & Gas Ltd on Friday said its Cinnabar-1 well in Texas was completed and perforated, as the pipeline from the well to the production facility is currently being installed.

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30 Dec 2022 14:37

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(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

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22 Nov 2022 15:48

UK shareholder meetings calendar - next 7 days

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Copyright 2022 Alliance News Limited. All Rights Reserved.

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17 Nov 2022 21:53

TRADING UPDATES: Wynnstay buys Tamar; abrdn Japan assets fall

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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7 Nov 2022 14:49

TRADING UPDATES: Mosman Oil & Gas achieves annual net output growth

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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27 Oct 2022 21:41

CORRECT: Nanoco files suit; Harland & Wolff activates facility

(Correcting name of Bluejay Mining director who resigned.)

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26 Oct 2022 21:14

TRADING UPDATES: Nanoco files suit; Harland & Wolff activates facility

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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24 Oct 2022 15:30

Mosman shares surge on logging at Cinnabar

(Sharecast News) - Oil explorer, developer and producer Mosman announced on Monday that the Cinnabar development well in Tyler County, Texas has completed wireline logging, casing has been run and cemented, and operations are now progressing towards production.

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24 Oct 2022 12:09

LONDON MARKET MIDDAY: FTSE 100 fights back to green; pound finds feet

(Alliance News) - The FTSE 100 crept back into the green by midday on Monday, having risen at the open before promptly falling back, as the international-facing index struggled against a stronger pound.

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24 Oct 2022 10:45

AIM WINNERS & LOSERS: Union Jack declares payout; Aferian revenue down

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.

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24 Oct 2022 09:36

Mosman Oil & Gas reports positive EP 145 evaluation, Cinnabar progress

(Alliance News) - Mosman Oil & Gas Ltd shares jumped on Monday as it shared the results of a third-party technical report for its license in Australia, and updated on the Cinnabar development well.

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17 Oct 2022 14:39

Mosman upbeat on recent US production

(Sharecast News) - Oil and gas explorer, developer and producer Mosman said on Monday that its US production showed steady increases across its projects in its first quarter, except for the Falcon well, which was currently shut-in pending a review.

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