Member Info for nice1

As much as we all are not happy with the placing, but to upgrade, get more wells drilled etc money is required.
S1 original estimated oil was 130bopd then we got gas, we are now are producing 134bopd and also are aware that S1 can produce double this if the operator and partners wanted to, but every one is looking at long term.
S2 to perforate another reservoir I think will happen sooner rather then later all partners want more wells being produced.

For a small company they have not been sitting on the fence we are again looking at S2 to be redone and then further wells this year.

It is not bad going and if all wells are successful then our share price should reflex this.

Concerning the article I think a lot of Aim companies out there the article has there point, but to put Mosmans name on there and to single them out I felt was a bit out of order, there are companies out there that have issued shares and still have done any drilling only exploring.

I still feel we will come good.

The sooner we can get an update of S1 and S2 then this will confirm we are above the 100bopd mark, this will then push the share price up. At present the confirmed figure we have is 67bopd to Mosmans.

The market needs to know the next increase to be confirmed, then we move on to hopefully S3 and S4, why wait around if the S1 and S2 are very positive.

Been reading the recent posts and wanted to touch up in a few points.
When looking at the production update there are 2 figures,
1) Quarter to 31 March 2019 Total Project Basis Gross BOE is 16517 boe giving a gross of 183bopd, this means 100% of all wells that has been produced.
2) Quarter to 31 March 2019 Net Production attributable to Mosman Net BOE is 6033 boe giving a net of 67 bopd, this means our share of the % we have agreed with our partners.

If Stanley 1 continues with 244bopd and Stanley 2 continues with 130 bopd Gross of 374bopd our percent 16.5% net to mosman will be 62 bopd net.

BaffinsMafia when I read London post a few times Londoner7 was only trying to help with guiding the difference between the gross figure and the net figure.
Getting around 500 bopd net to Mosmans will for sure make a huge difference and I do think this is achievable.

At present we know we are producing 67 bopd, this included the Stanley 1 well which was producing more gas then oil. Now Stanley 1 well is producing good volumes of oil and Stanley 2 well also producing once Mosmans confirm the daily bopd I feel confident this will take us pass 100 bopd including all producing wells. Mosmans will also by then know when Stanley 3 and 4 will be drilled and what reservoirs to focus oil to produce from, We are already producing more oil then some companies who are worth between 15million and 25 million pounds. Once production up date on s1 and s2 is announce this will push the share price further and I just think the rerating will start. If we continue to be successful I think we will pass 5 pence. My opinion only.

Not bad going and yet again an increase in production.
Still improvements to be made but going in right direction.
Jan-March is 90 day giving us 67 bopd.

Welch on it's own did use to give us 50 bopd, at present 25.5 bopd not much improvement there.
Arkoma has improved giving us 31 bopd

When you take the new figures of S1 and S2 together the lower production figures will give us 62 bopd which would be in 90 days 5,580 boe.

The total net to Mosmans will be if it was included will be 11,070 boe.

Equates to 123bopd.

This is what we need and if Welch can be improved then we could do 150 bopd.

Not including Stanley 3 and 4.

Stawn Production
Welch Production.
Arkoma Production.
Stanley 1 Production.
Stanley 2 Production., this will improve over time if not then Mosmans will do what they did with Stanley 1 and perforate another Reservoir.

Stanley 3 and Stanley 4 to come.

Champion (60% to Mosman) or the Challenger (46.83% to Mosman) prospect to drill this year.

Flow rates to be announced very soon.

Santos drilling in the Amadeus basin, if they announce any gas and Helium this will add to Mosmans value.

Over time as the production now will increase even further Mosmans are for sure on the right track and if there was any doubt if they will be successful this should now validate we will only get better.

Even without the Santos drill being successful with our oil production to increase and further drills to happen we are still incredibly under valued.

I see more and more will now start to notice the change and a rerate surely is to happen.

These Stanley wells are proving to be very good.
When we 1st did the Stanley 1 well the estimate BOPD was 150bopd we then found it was gas more then oil, now we have perforated another reservoir we are now producing 244 - 330 bopd, so much more oil.
Stanley 2 will improve and we have a number of reservoirs to perforate if the gas does not deplete and the deeper reservoirs are meant to hold more oil, but still to have 130 bopd equivalent is pretty good going and it will only get better. So MSMN S1 41 BOPD AND S2 22 BOPD. Total so 63 bopd. We will only get better.

More to come and as usual we are held back with the share price.

MSMN will also have more of an idea how much oil our whole prospect area could hold.

This news I would think will come at a later stage.

Smiling Sally I am invested on here but also with MSMN one to look at, producing small amounts of oil, have completed the Stanley 1 and 2 wells with a 16.5% holding which they should advise flow rates within the month.Also has Australia asset next to Santos who we waiting for the drill to start could hold 2TCF of gas and also Helium. If Santos strikes then this will be positive to Msmn.

Good luck with your investments.

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.