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AC was talking about the reservoir where instead of oil the gas was more and this was not to be expected, it was thought by upgrading this would change things, but instead they have decided to do a recompletion of the existing
well. What that means in this case is the current point where oil and gas is extracted will be closed off, and the well tubing will be reperferated at a shallower depth to draw fluids from another spot.
This we hope will give us more oil by entering the Sparta Reservoir in stead.
It is nice to see a buy of this size, once they announce the oil on both S1 and S2 all should change.
We just need that turning point. I dot think it is frustrating for everyone including the bods as they also want success.
As you can see below when you look at other companies and you see our figures only for 6 month it is not bad going, every time we have had a 6 month account we have improved.
Most small companies will raise capital if there not making enough, as a comparison our figures are not bad when you check others small aim companies and they are valued much more.
If other company figures are not as good as ours why are we so much more under valued, does some responsibility lie of our brokers.
audited annual accounts for the year ended 30 September 2018 (the "Accounts"),
Below is a company valued at £26 million in the uk.
AS AT 30 SEPTEMBER 2018
2018 2017
Note £'000 £'000
Revenue 5 66 -
Cost of sales (167) (109)
Gross loss (101) (109)
This is Mosmans valued at £1.72 million
The Half Year Ended 31 December 2018
All amounts are in Australian Dollars
Notes Consolidated
6 months to 31 December 2018
$ Consolidated
6 months to 31 December 2017
$
Revenue 521,326 321,348
Cost of sales 2 (482,849) (164,826)
Gross profit 38,477 156,522
Looking forward to the S 1 and 2 updates.
This has been a long wait and can also understand the frustration some share holders may have.
Thinking positive here, 2 wells being drilled and news to come through soon. Stanley 2 seems to be the well that could be holding more oil, we are not going to know what the sparta reservoir is at Stanley 1 as there was no estimations on this, so hoping for a good surprise.
We will be in April when the news flow comes through and then soon Santos to announce spud if there is no delays, does anyone know how long the drill will take with Santos.
Looking at the trades by far more buys then sells today and we go down in price, when I have bought shares my buys show as sells.
Welch should be back to 50bopd and Arkoma as long as there is a steady flow rate continuing.
if all comes off positive this will change Mosmans.
With the original data the estimated oil was 300bopd based on vertical drill.
Now directional drilling is being used which in some cases they call it horizontal drilling, does this mean the 300bopd could increase and to what level on directional drilling.
The Stanley 1 well is a recompletion of the existing well. What that means in this case is the current point where oil and gas is extracted will be closed off, and the well tubing will be reperferated at a shallower depth to draw fluids from another spot, hoping for oil fluid to flow and lots of it.
Stanley 2 still to spud all eyes on Stanley 1 at present.
The seismic is due this year but is very costly, if Santos is successful this will help attract more interest for a joint venture.
I have been here as well with TRP and lost quite a lot, I feel for all you and do hope you all can find a way in regaining back your money. If it was not for recommendation by others I would not have gain bits of my money here and there but still a long way to go.
I am with MSMN for some time and think it is worth you checking and reading up on there presentation as they are already producing small scale of oil and will be spudding the Stanley 2 well any time, Stanley 1 already producing more gas then oil so the Sparta reservoir will be perforated as a side drill.
Do your own research.
Good luck to all and my heart goes out to you.
I have just read Angus Energy who I was a share holder of and still have them on my watch list.
Revenue from oil and gas production during the year was up to £0.066m (2017: £nil) on production of 1,678 barrels. This was the result of the bringing on stream of the Lidsey and Brockham Oil Fields during the year.
Mosman for 6month revenue was £287,000.00, produced from 6417 barrels net to Mosmans.
Unless I have made an error or misunderstood it, are we not producing far more and look at the difference in value.
All in all Mosman have not done bad.
The bods have been taking a lot of negativity and they also must read this forum, if they always see un called remarks it would not give them much encouragement and will add anger.
Yes we all want success here when we all come together the information/readings can be really good.
Sparta is oil prone but like any drill you only know until you make the drill happen.
I feel Sparta and Stanley 2 will come good.
Our time will come and at least we will soon drill into the Sparta Reservoir, patience required for Stanley 2. Very frustrating at present but there is nothing we can do.
Our prospect in the Amadeus Basin EP145 data is by far better then Mosmans could have hoped for.
Mosmans stage 2 result have a similar target at depth with the Santos Dukas Prospect.(new processed 1981 data).
Mosman needs to complete a seismic data before August 2019 to require and process another 100km(62miles) of 2d Seismic, which will be very interest once done and hopefully validate our prospect even further.
We should then get much more of an idea how big our prospect is and how much gas and Helium it could hold.
We have waited this long, bit more patience required.
i think we will come good, Stanley 1 has proven oil and gas is there, it is a matter of time until Stanley 2 can be started as it is weather dependent.
I would rather have 1 RNS with a number of good news instead of drips and drabs, We have Welch, Arkoma working in the back ground and we know Welch has produced 50 bopd and can be done again.
Lets stay positive, we have by far more going then other explorers and small producers.
The proactive investors media with Andy was nice to listen to, through out the presentation no figures was mentioned.
I would have liked to here and also would have given reminder of details so potential new investors would know more and how much resources for each prospect.
Reminders of what Stanley 1 and 2 could produce if all goes well, and what Stanley 3 and 4 could hold.
Bringing back confidence on the Welch vertical well and at least saying we feel confident we can get back on track to 50bopd once the weather improves, our Australian prospect and again how much gas we have and when the upgrades on the data will be completed. 1. Acquiring and processing 100 km of 2D seismic by 21/08/2019.
There could be a lot going on this year.
It is for sure looking more promising, as long as Stanley 2 well starts sooner then later and it is a success with oil then this will be the start of it. I also feel we need more information on Stanley 3 and 4, what the estimated oil in place could be.
There are companies out there who are not producing and have by far more shares in issued and still valued more per share and as a total, there doing something right.
I am hoping with the Stanley 2 well and if successful this will be bring back the excitement to msmn, i do feel the board need to do something more to get investor on board, what and how is the ?.
Things could change pretty quick for us once the weather settles and improves.
MSMN I feel is going in the right direction, the trades today do not show the true value as I took my Angus Energy shares and bought more into MSMN and my buys are not all showing, It also went into negotiation trade as I could not buy too much in one lot, I would not be surprised if MSMN could be producing same or more then Angus or there about and look at the value difference.
We have all been very patience and more patience is required, once the weather starts to improve in Texas things should start getting excited.
Once Santos confirms when they start to drill more interest will come.
We have to stay positive, the fundamentals are there.
Once the weather improves it should start picking up, still not many shares in issued can do very well.
If we have a positive forum it could be interest to others, we are in better position then a lot of other companies out there with a much smaller market cap.
The proactive article I found on Wednesday in the market pulse section, I have checked today and could not find it.
It is new as there talking about Stanley 2.
Proactive
In Brief
• Mosman Oil & Gas*** (MSMN LN – 0.25p) – $9.80mm (1.63p) – Stanley Delayed, But Outlook Still Positive: Poor weather in east Texas has contributed to a number of delays for UK companies operating in the area, which has also impacted Mosman’s operations, but this does not impact the subsurface.
The Stanley-2 appraisal well will provide a second data point following the positive outcome of the Stanley 1 well. The data will be used to confirm the geological model that has been developed to date and provide more data on the overall performance of the field.
Following the results, we look forward to the Company’s update on the asset and prospectivity of the new asset base. Ahead of the update, we are reiterating our $9.80mm (1.63p) valuation.
The Stanley 1 well is in the hand of the operator when they decide to start the up grade, until then we have no choice but to wait, all focus will be on Stanley 2 for now.
Proactive
In Brief
• Mosman Oil & Gas*** (MSMN LN – 0.25p) – $9.80mm (1.63p) – Stanley Delayed, But Outlook Still Positive: Poor weather in east Texas has contributed to a number of delays for UK companies operating in the area, which has also impacted Mosman’s operations, but this does not impact the subsurface.
The Stanley-2 appraisal well will provide a second data point following the positive outcome of the Stanley 1 well. The data will be used to confirm the geological model that has been developed to date and provide more data on the overall performance of the field.
Following the results, we look forward to the Company’s update on the asset and prospectivity of the new asset base. Ahead of the update, we are reiterating our $9.80mm (1.63p) valuation.
I would rather the news comes out in Jan now when all is back to work. 2019 should see regular news flow if all going to plan.
Welch vertical wells back to 50 bopd.
Stanley 1 well upgrades completed to produce more.
Stanley 2 well spudding.
Stanley 3 and 4 well to spud.
Santos to drill in 1st quarter.(Santos moves to Stage 3 of Amadeus basin farm-in Santos Ltd., Adelaide, has completed the acquisition of 1,337 km of seismic data in Amadeus basin permits EP82, EP112, and EP125 in the Northern Territory as part of Stage 2 of its farm-in to the acreage held by Central Petroleum Ltd.
The results of the seismic program have induced Santos to proceed to Stage 3 of the farm-in arrangement, which includes the drilling of a well in EP112 to earn a 70% interest in that permit.
Santos is expected to drill the Dukas prospect during first-quarter 2019, carrying Central’s cost as part of the deal.
The prospect has the potential to hold multiple trillion cubic feet of gas. Two earlier wells in this southern part of the Amadeus (Mt. Kitty and Magee) have indicated the presence of a hydrocarbon system. The presence of helium and hydrogen in the earlier wells has the potential to add further value to any success at Dukas.
There are small cap companies that have billions of shares in issued and directors not buying much in them, we have 636 million shares in issued which is still not bad going and directors have also bought in.
2019 should be quite an active year and I would not be surprised if there is interest in the back ground on our Australian asset especially being so close to Santos.
little bit more patience we have wanted this long.
I also was not happy with the issuing of more shares, but if this is going to help get more drills then we have more of a chance of finding oil if we are lucky enough it goes our way. We still have a lot less shares in issued then other companies.
4th of September we averaged 50 bopd from Welch, on the 18th of October weather caused problems which had not helped.
We know we can produce 50bopd from Welch, I would think it is a matter of time until we do so again.
Stanley 1 has shown the increase in oil and gas which was tested by the operator this would equate to Mosman's share of 45 bopd, once the upgrades have happen so we can handle it. Oil should flow more then gas over time.
We now have Stanley 2, based on the information this would give Mosman's 49 bopd, waiting for the news when Stanley 2 well starts.
Stanley 3 and 4 is funded, one well every 2 months. If we are fortunate enough and all goes in our favour then things will be looking very different for us, like any oil and gas company until you drill you will never know.
I want Mosman's to succeed just as much as everyone else and me getting angry does not change a thing. At least the bod realises they need to go for it to make it happen.
Just my opinion