Member Info for Da_Gee

https://www.reuters.com/article/us-china-oil-stockpiling-ine-idUSKBN2310GS. Many articles today about the price increasing.. And IEA cheif saying its not the peak oil. Demand yet https://oilprice.com/Energy/Crude-Oil/IEA-Peak-Oil-Demand-Is-Still-Years-Away.html today WTI at 33.72 heading towards 34 and Brent at 35.53 would be an interesting week.. Hope we get the work overs for 2 Stanley Wells in June and drill s4 in June/July they must be cheap and workers willing to work after couple of months of no work. Rates reduced as well. Take it or leave it plenty of rigs and workers out there

Just heard the media update summed it up well Sweaty stock... We need to make good progress of Stanley and Greater Stanley in June. Welch was producing about 40-50 bopd but extraction cost was high.. So even if we get 2 existing wells up and running with 20 bopd net to Mosman with profits starting in the teens we could be better off.. Produce less but still make profit. I'm happy with another good week I hoped it would even out by the end of the day. Onwards and upwards next week and into June.

So our total share count has gone down by 44 miilion down to 1.085 billion? Untill they get it approved by us.. Oh well deliver good results by end of June and we can approve them in July.

Wti at $34.37 and Brent at $36.57 come on bod get the 2 existing wells up / reworked and running at greater stanley only producing 160 a month yet as there has been no work overs.. and increase the stake in s4 and get the drill going... We stored our oil for May and June contract ended yesterday so no doubt it will be sold in June... While in parralel ask the Chinese to drive down to Australia. Good start to the day seen some big chunky buys lately. Someone accumulating for the next leg up. While the sun is shining hopefully we could finish the week on a good high.

Regardless of the placing which are necessary for a company otherwise we would both nlt be posting on here... Ive moved on from the placing and personally dis mention it last week that I had wriuuten of my shares here until last week based on the Farmin got 30k bsvk for existing costs plus the sale today.. We have not sold our oil in May and stored it for a higher price next month.. We did get a surprise last week and as the chinese are now running and the aussiss I want to see another bigger surprise... While the Stanley and greater Stanley pay our bills. We were very close to being corporately profitable.

We are way under valued sir it was 0.25p in Feb before covid and believe based on the continuous buying we are heading towards that resistance level. Seems like you've had your trade and looking for another trade dnt Blame you and hope you regret selling.. Nice big buy of 2.5 million each.

Welch sold and for the same price we bought it we did not have £2 million for the horizontal drill and price per barrel is around $40-$50.. Lets concentrate on the assets that are profitable at in the teens.. It boost our cash flow and the threat of placing gone.. Arkoma next and hoping we get Blackstone stake as well as they owe is $317k.. Plus we still have shares on Norseman.. Bring on the Stanleys and the greater Stanleys. We have higher percentages in greater Stanley.

Agree China is using nearly the same oil as last year this time.. Australia has eased and heard a lot of Chinese are heading there to buy cheaper property.. Its all happening.. Trump tweeting oil is back lol.. Whatever garbage he spouts oil goes up.. Im hoping the farmin for Chinese will be similar to last weeks percentage wise we keep 30% but as the permit is granted and its ready for a drill. And the area risk is reduced by Santos drill of Dukas which had to stop due to very high pressure and a bigger psi rig was required.. So the cos is higher and therefore we need a couple of million up front plus free carry over.. Being in auction for a long time today twice.. We have certainly gapped up.. And onto the road of first resistance of 0.25.. Mosman needs to rerate from. These levels and belive the market has woken up. Gla all here to another good day tomorrow and week.

Good finish and based on the Technicals the next resistance point is at 0.25 I do not mind going there slowly by next week. Oil prices holding up at 34.33 and wit at 32 ish both above 30 and good for mosman. We are still wotth a petty £2 million. With a good farmin deal last week..

Been in auctions I think for more than 30 mins.. Last trade at 2.11pm. 2 extension RNSs as well. This may come back way higher now. It's gone mad.

In auction for the last 10 minutes I cannot buy anything. Been looking to avg down but did nlt expect this today.

Zak mir says good support at the 0.1 level and it has gapped up today.. Ready to test 0.25p again which is Feb high.. As soon as we get rid of the 10% brigade then have the real boys wanting big gains.

Despite the 3.9 million sell we closed at 0.11p which is sure a good sign.

https://www.google.co.uk/amp/s/www.bloomberg.com/amp/news/articles/2020-05-17/oil-rises-above-30-as-deep-production-cuts-rebalance-market. All looking good boys.. I will be happy with slow 10% everyday with one red day

Australia and China opening.. https://www.dailymail.co.uk/news/article-8327221/Fears-Australian-housing-prices-surge-foreign-investors-look-snap-cheap-properties.html. I. Dnt read daily mail but hey ho

Good find Soulac... The market just needs to wake up and support this company. I believe it has a good future but we need stickt investors who believe in the company.. While we are trying to be corporately profitable the sp needs to be higher.
In the pennies at least to have a good placing and ensure we have minimum amount of shares in issue. Higher price benefits Everyone.. I would like to be in a position were we fund the 15% for a drill or be in a good position to when we negotiate with the Chinese for the other permit. It would have been good to have s4 back on June did they make a premature decision prices of oil will no doubt go up too many economies rely On it and its a huge worldwide industry. The workovers at greater Stanley would be interesting there are 2 Wells one was idle and one online. https://www.bloomberg.com/news/articles/2020-05-15/opec-chief-optimistic-that-the-worst-of-oil-crisis-is-over

Brent $32.74 and and WTI at $29.67 and we get a premium for our oi.. Around $35/40 Is what's required for Welch I believe and will give it that extra value that it requires for us to sell.. There not cheap for long..

https://oilprice.com/Energy/Energy-General/The-Relentless-Oil-Price-Rally.html this is for all our US assets.

Yes agreed Soulac EP145 is a granted permit, Granted means we can potentially do a drill.. Its a hot area.. And I have a feeling that at this rediculous price we might get taken over by a bigger fish.. We have 100% of it in an hot area ready for a drill. What is there not to like here.. Plus the other permit for a free carry over for 15% or the option to fund the 15% and have 30%.. Its crazy to think about and the mosman seems to be a sleeping giant. Traders investors are not reading RNSs or know about the company.

My post from last night drawer for me at 0.05p I saw no opportunity for this to recover and was prepared to lose 90% of my 9 million shares...based on the farm in on Monday and todays RNS we do have a good future. The farm in alone deserves some credit to get minimum 15% of royalty once it starts producing.. Gettimy the seismic done etc and drilling is worth over a million easy if not more.. And im sure it's a good couple of million.. EP 145 was opposite Santos drill of Dukas. Checkout how there drill ended with gas they could not control 10,000psi rig and need a larger rig. It's the potential your investing in and not once the helium. Is discovers by then it will be too late.. Like a house without planning permission is cheap compared to one thar had planning permission will conmand a higher price.. We've had a no change day and a red day today hopefully the shirt medium term investor will but this as we are way too cheap!! Ripe for a takeover.. Who ever wants a stake in Australia in EP 145 and fund the extra 15% drill to get a 30% stake. Anything Is possible. We need to get to 0.25p to get pre placing levels and then continue the momentum as restrictions are lifted around the world.. We are storing oil as well instead of selling cheap why not. Fear breads opportunities! The Blackstone loan they owe plus fees is worth $317k I want then to take over there percentage from. Arkoma. Plus we have shares in Norseman Capital as well.. BODs are taking shares as fees and heavily supporting this company. No Debt at all. We arw even producing from greater Stanley as well with existing Wells and once workover done or produced from yegua sands. Technical work suggests there may be potential to produce at higher rates from the Yegua sands.