Member Info for BigBear2

Having been an investor in Ast I am seeing the same traits here.
Wherby no matter how out of touch the mkt cap is to assets/income derampers try to drag it down further...
oGuys you have done your job, a 2 mill mkt cap leaves huge upside for vaguely positive news...even if by year end we only generate 1 mill cash are you seriously saying that the rest of mosmans assets are worth only 1 mill??

I was not suggesting in next few weeks lol At lower prices we were getting 210,000 usd per quarter so let’s now assume due to poo we are at around 250k Add in hope fully circa 30bopd and that will hopefully after costs take us nearer to around 400 per quarter, this does not include welch and other workovers...

30 x wti crude price per day

Yup my calcs based on 30 bopd net to Mosman ....

Jeez check in on here from time to time.
This share is stuck in the doldrums due to the total incompetence of GJ.
First we have the finest minds in Cali designing a frac..and in tandem permitting for frac progressing...
Then after 3 months of radio silence err no permit and frac is on ice, but don't worry we will get a commercial flow from commingled deep zones....
Finally we get an RNS with quite frankly some of the most dissapointing flow rates I have ever seen after all the hype of a world class discovery.
The only success of Dempsey was to prove that field level zones were commercial....which essentially was already known .
Tom should sell the US gig to Raven who have just taken on PCLs share of the neighbouring (but equally troubled) Tulyiano drill...
Then holders may see some upside from the excellent China assets here as the stench of incompetence from GJ will have gone...

Lets assumed from Arkoma we get production of 120 bopd...
This will gross us approx 70 grand extra a month...and that does not include the other improvements going on.
Pretty soon our revenue per annum wil be in excess of current mkt cap which effectively values all our assets at zero..

Indeed

'Anticipated gross production rates with the upgraded production facilities are expected to be in the range 80 to 120 bopd.'

Which will give a nice cash boost...

I'd like to see 40 bopd per well, seems at present mkt rates all Mosman's US projects as pants.
It may not sound much but with the POO and the fact that they are aiming for a repeatable process it would be evidence they are successfully growing the business as projected.
Just look at what the successful twin wells did for NTOG,...

10p by Monday close lol.

No in all seriousness initial target 1p, which will still only give us a mkt cap of 4.5 mill....

ask slowly crawling up...

Jeez...
Roach special snatch defeat from jaws of victory...

Looks like MMs will start moving this up pre news soon, not many left sub 0.5..

Any ideas guys what to expect with ESPs?

As per initial RNS(below) 2 wells already producing 20bopd each so one would assume a material uplift expected...

The first deep well in the area, Wise 1-25, was drilled in 2015. Initial flow rates were circa 85 boepd. Production has been constrained as there was no water disposal well, but this well has already produced over 350,000 Boe, and is currently producing circa 20 boepd.

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Another well, Wise 3-25, has produced up to 60 boepd from the Wilcox and is currently shut in waiting to test the Woodford shale. Williamson 4-25 production was constrained by the lack of a water disposal well, and is producing 20 boe from three feet of Wilcox sands, with an additional 30 feet of Wilcox pay yet to be perforated and produced. Two other wells have recently been drilled and are expected to be brought into production in May/June 2017. The production equipment and costs associated with installation are included in the Initial Transaction.

I am surprised folks are not taking advantage of this low SP with news due anytime after 4th July....
Always better to be in nice and low before the herd arrives...

NNPC getting its act together it seems, plus you would think they would like to maximise production before the elections.....

I have been pleased to note the efforts made by the Nigerian administration with regard to supporting Nigerian National Petroleum Corporation ("NNPC") to become up-to-date with its historical and current financial commitments, as we approach the country's general election in February 2019. Of course, the improvement in the oil price during 2017 and into 2018 has been a boost to the country and to all those operating in it.

Finally, it was encouraging to note the passing of the first part of the Petroleum Industry Bill ("PIB"), being the Petroleum Industry Government Bill ("PIGB") through the National Assembly and Senate in 2018. We now look forward to the President signing the PIGB into law

Yup POO is at recent highs so even moderate production increases should make pleasant reading for increased revenues...

Yup saw that never ceases to amaze me..

Nothing price sensitive in their just some encouraging words from the man at the top.

He is sounding very positive.....just received this from the man himself....note the 'growing' production

'About 2 years ago we moved Mosman from very high risk exploration to more moderate risked; production with upside. That remains the strategy as we keep repeating.

We now have production (still small but growing) at 3 sites in the US and at Welch and Arkoma there is clearly defined upside as documented in the recent Moyes reports. Right now we are focussed on trying to deliver the upside. Thus the new ESP’s at Arkoma, repairs at Welch and the feasibility study on the Welch horizontal wells.

I think what many of the negative bloggers fail to see is we bought these assets very well and we are doing what we said we would do, still some people can not read, or simply need to be negative and try to damage Mosman everyday.'


'

Let's hope so.

Was reading on SLEs RNS today that NNPC seem to be working their way through various legislature so hopefully will get to us soon. Like most of we get to early August and no approval I am expecting a placing....

GL all...