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Pin to quick picksMosman Oil Gas Share News (MSMN)

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TRADING UPDATES: Mosman output up; Uru notes drilling at Zeb project

Wed, 26th Apr 2023 19:27

(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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Alkemy Capital Investments PLC - London-based firm focussed on developing projects in the energy transition metals sector - Subsidiary Tees Valley Lithium Ltd enters into a memorandum of understanding with Altilium Metals Ltd. This is for the latter to supply Tees Valley Lithium from its battery recycling facility with lithium sulphate feedstock, alongside investigating the supply by Tees Valley Lithium of lithium hydroxide for Altilium Metals' planned cathode active materials production facility, also in Teesside, England. Both will also work together to source further lithium feedstock and to collaborate to ensure a sustainable and robust battery supply chain of cathode active materials to northeast England.

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Mosman Oil & Gas Ltd - New South Wales, Australia-based oil exploration, development and production company - Third quarter output up 93% to 11,960 tonnes barrels of oil equivalent from 6,212 boe in the second quarter. Notes improved production at Stanley and Winters wells and that it made significant progress in growing the production portfolio after the Cinnabar-1 well started production.

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Tremor International Ltd - New York-based advertising technology company - Launches its first-to-market self-service cross-platform planner, which aims to solve the "fragmentation of linear and digital viewership". Says the technology enables broadcasters to maximize reach and frequency allocation holistically across linear and digital inventory, and provides advertisers and agencies with "optimised, actionable cross-screen media plans". Says "major broadcasters and agencies" are engaged in extensive testing with the planner. Chief Strategy Officer Kenneth Suh says: "For a long time, the industry has been asking for a solution like our cross-platform planner that meaningfully breaks down silos between planning, execution and reporting, and provides predictable reach forecasts across linear and digital. With the growing distribution and availability of CTV content driving greater viewership, traditional linear advertisers can now confidently expand their reach into digital and understand the impact of their spend with broadcasters in a cross-screen manner. Ultimately, these tools are to the benefit of consumers, who get a better, more sophisticated experience with ads no matter where they're consuming content."

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Uru Metals Ltd - Toronto-based investor and mine project developer - Notes ZEB Nickel Corp has begun drilling at Zeb project in Limpopo, South Africa. Says this is after Uru successfully completed the disposal of the project in August 2021. Uru says the project remains its primary focus via its 74% interest in Zeb Nickel and in its continuing role as the project's technical adviser. Zeb Nickel Non-Executive Chair James Nieuwenhuys says: "Over the years the project team have assimilated and refined the geological model and we are now confident that this next round of drilling will confirm areas of high-grade nickel and nickel-copper-PGE mineralization. Our aim is to produce a preliminary economic assessment to map out an achievable path, subject to a positive feasibility study, to the development of a fully de-risked, low-cost, high-grade nickel sulfide project."

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By Greg Rosenvinge, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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IN BRIEF: Mosman shares up as spudding of Texas well begins

Mosman Oil & Gas Ltd - oil projects in US and Australia - Begins drilling at Cinnabar-1 well in Tyler County, Texas. Says the Cinnabar well is planned for a vertical depth of 9,900 feet. The primary targets are the Wilcox sands, which produce oil and gas in nearby wells, it notes. Expects the drilling to take around two weeks. Mosman holds a 75% working interest in the well and is the operator.

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19 Sep 2022 14:47

IN BRIEF: Mosman says spudding of Texas well delayed to end of month

Mosman Oil & Gas Ltd - oil projects in US and Australia - Reports further delay to spudding of Cinnabar-1 well in Tyler County, Texas by the contracted drilling company. Says all site preparation is complete, and drilling will start once the rig arrives, now expected in the last week of September. Mosman holds a 75% working interest in the well and is the operator.

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14 Sep 2022 14:29

IN BRIEF: Mosman expects Cinnabar-1 drilling to begin in seven days

Mosman Oil and Gas Ltd - Sydney-based oil and gas company with projects in Australia and the US - Mosman expects drilling to begin at the Cinnabar-1 well in Texas in seven days. This remains subject to rig availability. Mosman owns a 75% working interest in the well.

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30 Aug 2022 20:17

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8 Aug 2022 19:19

IN BRIEF: Mosman reports rise in full-year production

Mosman Oil & Gas Ltd - Sydney-based oil and gas company with projects in Australia and the US - Says net production for financial year ended June 30 37,915 barrels of oil equivalent, a 66% year-on-year increase. Production for June quarter was 8,815 net, up 73% on a year before. "Workovers completed after 30 June 2022 have already increased daily production from the June quarter, with the Stanley-4 well that was producing gas now producing oil (rates yet to stabilise, have been as high as 64 bopd gross)," it says.

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27 Jun 2022 12:52

IN BRIEF: Mosman Oil & Gas sees higher quarterly oil and gas prices

Mosman Oil & Gas Ltd - Sydney-based oil and gas company with projects in Australia and the US - Gross production in the three months ending March 31 totals 22,409 barrels of oil equivalent, with 11,756boe attributable to Mosman. Production for the two months ending May 31 stands at 15,682boe, with 6,276boe to Mosman. Company notes oil and gas prices have risen significantly over the quarter. Says it will receive the benefit of current prices as it continues to remain unhedged.

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Mosman shares fall 28% on discounted fundraise for Cinnabar drilling

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20 Apr 2022 13:28

IN BRIEF: Mosman Oil & Gas rises on third quarter production surge

Mosman Oil & Gas Ltd - Sydney-based oil and gas company with projects in Australia and the US - Reports its production in its third quarter ending March 31 increased 65% against the previous year. The company adds it has also seen "significant" further development potential in its existing production leases.

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