The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
https://twitter.com/GeorginaEnergy/status/1629088302966996992?t=bMbXooEcIGChEM8lwDlw6Q&s=19. Latest tweet and seem over subscribed now as they initially struggled to raise £3 million and the tweet now mentions £5 million. I was interested as well and they only gave me one reply and said they will get back to me.. No news from them since means they got the funds required to float else they would have contacted me by now. Hopefully from next week onwards it will be an interesting month in Mosman history. Ducks lining up.. Reserve report and g1 gas injection..
Botham add this dot if you can. Nigel is an experienced company director, currently on the board of Emperor Energy (ASX:EMP). He also holds a wholesale Australian Financial Services Licence ("AFSL"). Nigel has a consulting practice focused on AFSL compliance. He began his career as a business and finance journalist in London and the Middle East. He was subsequently an investment banker in Sydney for several decades predominantly covering the Asia Pacific region for energy derivatives and hedging. He held roles with large banks including JP Morgan, Barclays and Macquarie.
22nd Dec not sure how long iy takes for the survey considering it was festive period.. Assume it completed around 9th Jan with contingency.. 6 weeks for processing plus 2 weeks more as contingency takes us to end of next week.. So news on the upgraded model could be soon.. Early next week.and plan for 2023.
I tool today's RNS asa positive sign that even Monecor is not selling... About 60 mil is the total difference between last tr1 to this as we have had gopod trading days and the6 could have reduced significantly more than 60 million. The rest as Botham mentioned March and April will be good months for mosman to add real meat to the sp. I'm really interested in GE1 well and the gas injection used there to see how that has progressed.
I guess it depends on where the seismic is done he1 in Africa and we are in Australia. Plus depends on size of survey. Availability. Autumn time in aus coming as well. Good stable day over here was hoping to get to 0.07 at least today.
Excellent news today a major milestone. The whole process started before the pandemic and initial survey was pushed out twice.. This is the GREEN light for the rest of the approvals and work. This is our 100% own permit and not the 25% we have JVd with Georgina IPO. 62 million and we are up 17% seems like mms want to finally start to raise the sp.. Welcome indeed.
Good rebound on Friday and it seems like we are slowly coming in the radar here.. Zak mir first target is 0.1.. Depending on all news we should go higher. GE IPO BUZZ, reserve report. G1 and g2 potentials. Producing 165 boepd
Correct they drilled with a smaller rig and the pressure fown there went to 10,000psi they needed a larger rig to handle the pressure. They certainly took there time but believe all 3 partners are now ready to droll this year... As GE CEO said infrastructure is in place as well.. They are all in this hot region... Who drills first and confirms helium potential.is the race.
Sunday roast what you need to know msmn has there own 100% permit as well.. Plus 25% of the JV they did with GE. All helium, hydrogen and gas plays. Sp angel had that valued at £172 million in Jan 2021... Market needs to wake up.. Still not on the radar yet.
What's happened here i thought i might add at the bottom yesterday only to catch itT this level today.. Has the market finally woken up to the fact that mosman is undervalued.. £3 mcap we knew was a joke just for US operations. We had $1 million in the back end of Dec. Plus cash for dec recieved in Jan and im sure by now they know how much boepd they have produced in Jan. Hope the momentum or the re-rate has started.. Nigel Ray was recruited for Aus permits maybe they have whiff of news on that front.. Central Petroleum has 3 partners for the Dukas well.. And they are planning to re enter with a larger rig.. Even if we go 30/70 with a free carry to drill or jv the 30% as well we are talking big numbers here..
It won't go any lower as we are not switching the lights off.. We are a producing 165 boepd month a company with 1 million in the bank as of dec 31st.. 0.0475 makes us less than 3 million mcap.. BOD NEED TP Go give a good solid update.. On reserve, g1 and g2 work overs and plan for 2023.. Plus Aus permit which we are ahead of from the JV we had with GE as that's a application stage. We own 25% of it as well.. We could have an RNS this week
It would be good to see how g1 and g2 perform? They will be a big bonus to Mosman.. Just doing workovers and injecting gas... We had $1 million as of end of dec. Oil revenue is received the next month.. The reserve report will be key to future plans. Key here is there is no immediate placing at this price even wonga will not lend either. Mcap is now 3 million or less summin in Aus needs to happen to trigger the sp.
33 million sells seems like one person.. Cannot be making much or unless it Monecor friends who made the profit above 0.07 and now it's a bonus on top.. £3 million mcap is a joke now.. We really do need a miracle to lift up mosman what vibe or buzz cam we have?? Rerate needs to happen soon.
Someone with a heavy loss wanted 1p as well.. Oh well good rise today another 200% to break even and with a low sharss if 200 million in issue its only a matter of time for the good results and we could br in orbit.
Question is who is selling we have almost 1 million in cash as well.. Producing 165 boepd per month in Jan.. No placing in the near future.. G1 should be funded and g2.. If one of them come online that's a saving of $1.5 million to Mosman. GE should make an announcement soon as well. Santos have plans to drill Dukas 1 again with a higher pressure rig 10,000 psi last time was not enough. Central Petroleum has 2 partners for that and I'm assuming we will have similar as well.. Central land council needs to approve the request they did the survey last year.. Nigel is on board I'm hoping his links will get us the JV for mosman permit.. Shell is sniffing in this area as well.. Potential is huge here we are now less than 4 million mcap complete joke. Mosman would need to go into monthly updates on production from now onwards..
But we do not control that and very hard to monitoring and regulate.. Key is the sirbourne survey should be finished models updated next 6000 meters holes identified and drill.. Its still high risk until you drill the hole.. Strange we can see far in the galaxy and black hole but cannot scan several hundred meters for gold other than guesstimate work.. Shows you how precious it is.
You should only invest what you can afford to lose
. I've also got a 5 figure loss currently but no sold.. I knew it was high risk high reward with potential.. Ad there is gold nearby.. Investors were happy to buy at 7p and over for a very long time.. Only thing I'm dissapointed with is this is a leaky ship DL et al knew the results before the wider market.. Adding land to wsbn was the additional catalyst to drive the sp up to ensure they can get out safely and even do a placing at 10p.. Disguised it at getting shares at 14p for the land we bought... News was priced in at 5-6p.. Plus wrong expectations they said results early jan and then they came way ahead.. RP is operating a leaky ship or someone is in the gold room.. Summin for the fca to deal with and look into..