0.42p just for US SP angel. Excludes Aus26 Jan 2021 09:18
Bucking the trend of many of its peers, Mosman Oil & Gas (‘Mosman’ or
‘the Company’) enjoyed a year of operational development in 2020.
Against a challenging market backdrop, the Company successfully
transitioned into a low cost, high margin producer, exiting the year with
a transformed production profile. Recent positive news flow has seen
Mosman’s share price rally over 30% YTD alone, however we believe
there remains considerable running room in the stock for investors. We
therefore initiate coverage with a BUY rating, setting a 0.42p/share risked
target price.