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As a long term holder who has lost a lot on Mosman it does have a lot of positive news over due. £7.5 Helium JV Greenvale Energy, Georgina Energy RTO Helium JV. Sale of Stanley to self finance moving forward. RNS Directors share subscription. Flow rates from 3 Cinnabar wells which are having pumps installed. It's down 99.95% sitting at £1 m/c so it can easily do 400% and be valued at less that 1 of its 2 free ride Helium JV's.

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This might seem a bit of an abstract quote but the ending was very relevant to Zenith's various court cases that are being backed by external funding.

This was the scenario in the above case which was won and the postal plaintiffs won a settlement case of £58 million. Legal costs and funding repayments came to a staggering £46 million leaving only 20.69% left.

There will be less paperwork to analyse for Zenith so hopefully not such a low percentage left but something to consider when getting overly excited about the figures being quoted.

Need NT confirmation as a priority and then people might believe.

What will it mean for Zenith which is a one company? Time spread to thinly or will it have no impact? What are peoples thoughts?

What are people's thoughts on AC being voted in as a new director? He has done such a terrible job at Zenith

Not sure how many of the 5 Stanley wells are still producing. Dec 6 2023 RNS

If we could achieve anywhere near a $1 million that was bring great stability to the share price and provide funds for developing Cinnabar.

Following a period of production optimisation, the Company is pleased to announce that production at the Stanley project has increased to approximately 90 bopd (5-day average gross oil).

Recent work at Stanley included installation of surface and downhole equipment to boost production with jet pumps. The jet pump surface facility has been changed to use natural gas direct drive engines rather than diesel or natural gas fired electrical power generation and electric pumps. This change is expected to result in lower operating costs due to reduced rental costs and no fuel costs since the wells produce sufficient associated gas to run the natural gas engines. Importantly, system downtime should be improved as the natural gas engines are lower maintenance.

This production level has been achieved primarily with production from Stanley 4 and 5. Stanley 3 will be re-completed in another zone and is expected to add production when re-completed later this month.

There is not currently any independent report to quantify resources or reserves at any of the above leases or the Stanley area projects. taken from June 21 Acquisition RNS

PR Growth they have never released publicly a CPR report for Stanley just stating significant reserves remain. Mosman only own Stanley (34.85% to 38.5% WI), although they are the operator. See RNS relating to when they increased stake?

23 Jun 2021 07:14

RNS Number : 8166C

Mosman Oil and Gas Limited

23 June 2021

23 June 2021

Acquisition of Production Assets in East Texas

Mosman Oil and Gas Limited (AIM: MSMN) the oil exploration, development and production company, has today acquired all of the issued shares in Nadsoilco LLC, ("Nadsoilco") for a cash consideration of US$1.1 million, which will be paid from existing cash reserves (the "Acquisition").

Key Highlights

· 20% increase in working interest ("WI") in the Stanley Project from 15-19% to 35-39%

- Net production increase from circa 27 to 60 bopd (based on prior quarter)

· 20% WI in the oil producing Livingston Leases

· 23.3% WI in oil producing Winters Lease with development well to be drilled

· Mosman becomes Operator of these leases, providing more control over day-to-day operations and drilling new wells

Acquisition Details

The Acquisition immediately increases Mosman's net production from the Stanley, Livingston, and Winters leases located in East Texas. This Acquisition includes extensive oil and gas infrastructure including the producing wells, separators, tanks, pump jacks and a water disposal well, as well as a gas pipeline and the associated infrastructure.

Nadsoilco has a 20% working interest in the lease and the four wells in the producing Stanley project as well as a 20% working interest in the Livingston Leases and 23.3% interest in the Winters Lease.

The Stanley Lease covers c160 acres and currently includes four projects where the working interest has increased by 20% to a range of 35 - 39%.

The Livingston Lease comprises two leases covering approximately 214 acres. The leases contain surface processing facilities which are adjacent and/or overlay the Stanley project.

The Winters Lease is held by production with one well currently producing and a development well planned to be drilled in July 2021. The lease is located near to Stanley with similar geology.

The initial consideration of US$0.9m will be paid from existing cash reserves, with an additional deferred payment of US$0.2m That structure has eliminated the need to externally fund the Acquisition. The deferred cash payment consists of US$100,000 one year from Acquisition, and a further US$100,000 payable in two years from Acquisition.

Production

The Stanley Project produced 24,982 barrels of oil (gross) in the six months ended 31 December 2020, which was impacted by the decision to implement essential cost controls introduced due to lower oil prices as a result of the COVID19 pandemic. Gross production in the quarter ended March 2021 was 14,557 barrels of oil (gross). Future production rates will depend on the flow rates of these wells after recent wo

who you go mark *************georginaenergyplc

2 Helium JVs'. Greenvale $7.5JV. Georgina Energy RTO into MMM. Sale of Stanley to self finance development of Cinnabar 1.6 M CPR. Director share subscription next week. 3 Cinnabar wells having pumps installed. No debt. 40% reduction in costs. Share raise happened. M/c 1.03m

Https://www.youtube.com/watch?v=CJkDkmW46pg

They will need to raise again in April as it states "The proceeds of the Fundraise will provide up to an additional 3 months working capital including the drilling of the Itumbula West-A well."

Look into this company. This is a University Registered Company with 3 employers a 79 year old Englishman a 73 year old Kaz Native and the industry academic. Fair play that they got hold of the licence from the accounts for next to nothing, with no means of ever progressing the license. No website. Have we overpaid, just putting it out there.

Yes I am invested holding a very diluted 700,000

It has dropped, two fold - the markets are shocking, everything in free HE1, COPL etc. Secondly if this had been an acquisition announcement in isolation the shareprice would have reacted favourably unfortunately that is not the case, yet another new announcement and forget the other three MOU's. Since last year around 13 MOU's have been signed and not 1 has been closed.

Until it's closed the market does not believe.

When will you get it in your thick head, there are always two sides. I am invested. and it is not closed read the RNS requiring approval.

A second tranche in the amount of US$1.8 million will be payable on the completion of a satisfactory legal and technical due diligence by Zenith 60 days from the date of signing the Conditional Acquisition (the "Exclusivity"), and the receipt of all necessary regulatory approvals in the Republic of Kazakhstan ("Completion").

Look at the market reaction down 8.06% , again not fully closed. Constant flip flopping

Decemeber 20tgh Kazakhstan are announcing the winners of the latest round of licences so should hear an update.

Take - please do not comment on actual facts - It is now over 6 months since the first of 3 US MOU's were signed with statements of speedy closure and drilling by the of 2023. And $350k purchase of a software listed company?

What conclusions other than negative can you draw from the ZERO progression?

Plenty of news due in January already confirmed in Rns. Director share purchase. Installation 3 pumps at Cinnabar. Updated flow rates. Quarterly figures. Possible sale of Stanley to fund Cinnabar drills. GE Helium RTO listing. Greenvale Energy completion of Helium JV.

EP 155The Farminee is responsible for Native Title negotiations required for the permit to be granted. Westmarket has advised the Company that the CLC is organising the required on-land meeting for early in 2024.

£1.13 m/c come on Mosman turn this around

AAOG and now HE1 another seriously dodgy AIM director stay well clear