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Pin to quick picksMosman Oil Gas Share News (MSMN)

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TRADING UPDATES: Beximco gets more Covid doses; AdEPT wins contract

Wed, 08th Dec 2021 22:09

(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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Alpha Real Trust Ltd - Guernsey-based property finance investor - Completes sale of special purpose vehicle which holds Cambourne Business Park, Phase 1000. Nets cash of GBP2.1 million from sale, a return above the company's latest book value for the investment.

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NFT Investments PLC - invests in non-fungible tokens - Submits initial listing application to list shares on the Neo Exchange Inc, a Canadian stock exchange based in Toronto. "NFT Investments believes the dual listing on the NEO Exchange will provide exposure to a wider pool of retail and institutional investors in North America," company says.

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Beximco Pharmaceuticals - Bangladesh-based pharmaceutical company - Receives delivery of 2.5 million Covid-19 vaccine doses from Serum Institute of India for distribution in Bangladesh. To date, 15 million doses have been delivered to Bangladesh. Under the terms of the original agreement, 30 million doses are to be delivered in total.

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AdEPT Technology Group PLC - London-based information technology provider - Says new subsidiary Datrix wins "strategically important" contract with unnamed "leading global financial services business". The managed services cyber security package is worth GBP1 million to company over the next three years and is the second international contract to be secured by the recently acquired business.

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Inspecs Group PLC - Bath-based eyewear design house and manufacturer - Acquires the partnership assets and liabilities of BoDe Design Vertriebs GmbH & Co KG, a distributor of optical and sunglasses frames principally to the German market. Inspecs is currently the largest supplier to BoDe and will pay an upfront cash consideration of approximately EUR1.8 million from existing cash resources and deferred cash consideration based on financial performance over the next three financial years. BoDe is expected to generate revenues of approximately EUR3.8 million in 2021 and the acquisition is expected to be earnings enhancing in 2022, company notes.

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Sureserve Group PLC - Basildon, Essex-based compliance and energy services, focused on UK public sector - Acquires entire issued share capital of CorEnergy Ltd, a business focused on delivering sustainable energy solutions for public and private sector organisations. Will pay maximum of GBP7.5 million for CorEnergy, with initial GBP5.9 million paid through GBP2.9 million cash and issue of 3.3 million shares at 89.4 pence each. Further deferred consideration of up to GBP1.6 million may be payable, split equally between cash and shares, depending on CorEnergy's full year results for 2021.

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Hurricane Energy PLC - Surrey, England-based oil producer - Says subsidiary Hurricane GLA completes repurchase of USD15.0 million of company's USD230.0 million 7.50% convertible bonds due 2022, which leaves USD152.0 million outstanding. "The company will continue to evaluate its liability management options which may include further bond repurchases from time to time, subject to market conditions," company says.

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Mosman Oil & Gas Ltd - New South Wales, Australia-based exploration, development and production company - Notes Winters-2 well is being recompleted in the upper few feet of the current Wilcox zone to limit the production of water. Believes zone has demonstrated the potential to produce oil, gas and water but says the water is coming from the lower part of the perforated zone. Also, carrying out testing at on the first potential zone in the lower most part of Stanley-5 well.

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By Paul McGowan; paulmcgowan@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
6 Dec 2023 10:56

Mosman Oil & Gas shares rise on improved production at Stanley

(Alliance News) - Mosman Oil & Gas Ltd on Wednesday celebrated improved production at the Stanley project in the US, after recent work revamping the site.

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29 Nov 2023 14:30

EARNINGS AND TRADING: Northern Bear boosts profit, Esken loss widens

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

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8 Nov 2023 15:25

Mosman Oil & Gas revenue ticks up despite "challenging" year

(Alliance News) - Mosman Oil & Gas Ltd on Wednesday said its loss narrowed and revenue ticked up, despite a "challenging" year..

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6 Nov 2023 12:04

LONDON MARKET MIDDAY: Tepid start to new week as investors take stock

(Alliance News) - London's FTSE 100 drifted marginally lower heading into Monday afternoon in uncertain trade as investors reassess the near-term outlook for equity markets after a bullish week for stocks last week.

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6 Nov 2023 11:36

Mosman Oil & Gas production down as Cinnabar and Stanley fall short

(Alliance News) - Mosman Oil & Gas Ltd on Monday said production fell in the third quarter as low production from its Cinnabar and Stanley wells dragged the figures downward.

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16 Oct 2023 11:27

IN BRIEF: Mosman shares surge on Greenvale farm-in agreement

Mosman Oil & Gas Ltd - Sydney-based, Australia and US-focused oil and gas company - Signs farm-in agreement with Greenvale Energy Ltd subsidiary Greenvale Gold Pty Ltd, to fund seismic and drilling on Mosman's EP 145 project in Australia's Northern Territory. Mosman will retain a 25% working interest in EP 145, while Greenvale will earn a 75% interest. Greenvale will pay AUD160,000 cash within five days of completion, and fund the project's Year 3 and Year 4 Work Programs.

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7 Sep 2023 13:59

Mosman Oil & Gas shares jump as transfers Falcon exploration lease

(Alliance News) - Mosman Oil & Gas Ltd shares jumped on Thursday, after it said it has completed an evaluation on further workovers at Falcon-1 in the US, which has been shut in this year, and determined not to invest additional resources in this project.

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6 Sep 2023 18:01

Mosman Oil & Gas reports to Australia local government on EP 145 block

(Alliance News) - Mosman Oil & Gas Ltd on Wednesday said it has lodged a report with the Northern Territory government in Australia on the third year of its exploration block EP 145 in the Amadeus basin.

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4 Sep 2023 11:32

Mosman Oil & Gas loses chair Barr and non-executive director Young

(Alliance News) - Mosman Oil & Gas Ltd on Monday said John Barr will depart as chair at the end of the month, as the company also provided an update on its business plan.

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11 Aug 2023 15:08

Mosman puts fall in production down to US operational challenges

(Sharecast News) - Energy explorer, developer and producer Mosman Oil and Gas updated the market on its production for the year ended 30 June on Friday, and on its ongoing developments in the United States.

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11 Aug 2023 09:54

IN BRIEF: Mosman Oil & Gas annual net production falls following halt

Mosman Oil & Gas Ltd - Sydney-based oil and gas company, with projects in Australia and the US - Says for the year ended June 30, net production fell by 18% to 31,067 barrels of oil equivalent from 37,915 barrels of oil equivalent a year prior, due to a halt in production at the Falcon-1 well in east Texas due to water ingress. Total gross project production grew by 6.2% to 86,933 barrels of oil equivalent from 81,876 barrels of oil equivalent the year before.

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17 Jul 2023 19:35

Mosman Oil & Gas confirms details of EP 145 heads of agreement

(Alliance News) - Mosman Oil & Gas Ltd on Monday provided investors with further details on a potential partnership for helium production.

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17 Jul 2023 16:36

Mosman confirms details of tentative helium agreement

(Sharecast News) - Explorer and producer Mosman Oil and Gas confirmed a potential partnership for helium production in Australia's Amadeus Basin on Monday.

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13 Jul 2023 15:46

Mosman Oil & Gas shares down on GBP300,000 discounted placing

(Alliance News) - Mosman Oil & Gas Ltd on Thursday said it has raised GBP300,000 through a placing of 857.1 million new shares at a price of 0.035 pence per share.

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6 Jun 2023 10:58

IN BRIEF: Mosman Oil production down in US but in line with estimates

Mosman Oil & Gas Ltd - New South Wales, Australia-based oil exploration, development and production company with operations in Australia and the US - Says US output continuing in line with internal estimates. Gross production at all US sites in April was 6,915 barrels of oil equivalent and 2,936 barrels net to Mosman. Gross production daily average was 232 barrels of oil equivalent per day, while net daily average was 101 barrels per day. Net production daily average was down 24% from 133 barrels per day. Mosman attributes this to workovers at First Wilcox zone at Cinnabar lease in East Texas, in which it has a 75% working interest. Workover on April 25 isolated First and Second Wilcox zones with a cement retainer; First Wilcox has flowed intermittently since then. Further workovers are planned to optimise production. A lightning strike at Stanley project in early May caused minor loss of production while damaged equipment was replaced. Arkoma stacked pay project in Oklahoma remains for sale. Cash at May 31 was around AUD1.2 million, or roughly USD798,400.

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