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There use to be a lot of positive talk on Mosman’s, but over the years it has been disappointing and even long term holders who supported Mosman’s kept on getting proven wrong
With all forums your will have some that will try to drag the company down, really people that can keep a company from growing.
The company is only to blame no one else, the market does not believe we are going to be valued any more even with Cinnabar and that is why we are valued where we are.
Something exciting and big needs to happen and unless cinnabar well produced a few 100 bopd this share will remain the same and the boord does need a new face for PR, positivity. EP145 really needs to worked on sooner rather then later and bring in a JV that can bring excitement back. Something needs to change. The board have worked hard to get us here but we need to attracted people back and show something. EP145 can do it.
With the prices of oil and gas the 130 boepd should start to see the increase in revenue, it is proving this to the MM and they believe with the current assets and and production we are valued at £4 million.
The board has spent a considerable amount of money and needs an asset that can give them a very good return, at present we are mainly a gas producer, I do not know the net cost of the gas wells, this would be good to know.
We need more oil then gas and a lot more of it if we are going to cover our overheads and be in net profit.
Any news on the Amadeus basin would be welcome, this is what is clearly going to bring a lot more attention.
The next up date should be more as Winters 2 and S4 should be added.
S1 and S2 needs a work over, it still is much more cost effective to complete this and get it producing oil at a higher bopd.
This news we should be expecting.
If Mosmans can get all the well producing with out any issues our production rate should be quite good, we seem to always have issues with the Stanley wells.
Then we have Cinnabar, are we actually going to get oil this time and not majority gas.
This is a frustrating moment for share holders especially the long term holders who keep buying to keep the average down.
It does not make sense since being an exploration company and now a producer we have not really increased in value.
Da_Gee is correct no value with the extra increase in oil and gas, extra wells in production and more assets added.
It seems what ever comes it makes no difference, why then will Austrialia make any difference even with positive news.
If this share is being held down it will keep being held down until Mosman’s start to ask questions and start shouting.
Raising money is required to develope further assets but when we seem never to increase in value with lots of positive news our dilution becomes more when we don’t go up and we give always so many for shares.
Who, what is holding the share price down, why has Mosman’s been a company that seems to always be picked and this pattern will clearly continue as it has done for years.
John this clearly is not right and as a share holder surely you must be asking questions what’s going on.
There are companies with no production and with no assets and they get more positive attention, there valued much more and also have more rights up’s with analysis.
We are a producer with assets and we are sitting on a supergiant structure in Australia. ????
All this goes in our favour and the figures will speak for it self.
When Mosman’s comes to the UK they need a good one to one chat with there brokers, an update from the brokers would be welcome, more analysis reports from more than one broker, so far our brokers are very quiet.
It would be interesting to know what our net cost on the gas is, we know the net cost for the oil wells are mid teens.
I was advised Gas tends to be cheaper to produce once it is on steady production.
It is very encouraging to see other companies progressing very well and with great results.
Wishbone on the other hand has been quite disappointing and still we are waiting for an update, how much longer will it take I think all share holders have been very patient.
Hoping for great results.
Mosman's is going in the right direction, despite the MM not letting this go and being held down.
But there must come a point where the fundamentals should take over, this pattern of keeping Mosmans shares down has been going on for quite a long time.
3 years ago we was half a pence and this is taking todays shares in place, covid comes and we drop down to 0.04 of a penny, valuation around £500,000gbp only, we seem to have got hit very hard compare to our peer groups.
We now have more assets, we now have more production, our revenue up 95%, Gross profit up 232%, net product 43%.
Then Robust quarter with a 65% increase in net production and that is due to increase further and still value has not be added.
When there are more buy trades then sells we go down, the time for the tables to turn must be close.
If Mosmans can get the oil wells in full productions whiles oil is at these level the oil wells will bring considerable value as we make much more on the oil then the gas.
A lot more to look forward to, with EP145 I was under the impression the extensions means a drill had to be done in 2023 instead of 2022, not sure on this.
Mosman needs to focus on the wells producing oil that is where the bigger increase in profit will be.
Stanley 1,2,3,5 oil wells get these wells producing better over time it has gone down.
Winters 2, Falcon 1, Stanley 4 mainly Gas.
Higher profit with oil wells.
Why are we still so low in value, your guess is as good as mine, can not get my head round it.
We have news on the latest Cinnabar seismic due in a month, we also will get news on the next well to produce.
Net Production to Mosman increased 43% to 17,344 BOE this works out around 97boepd.
As long as Stanley 1,2,3,5 is producing okish, winters 2 we will have 2 months of production, Stanley 4 figures just started so this will not show.
Once all the Stanley well works over are done so these wells can start producing at peak performance the second quarter production should increase.
The quarterly update will come through by end of April. I would expect around net 130 - 140 boepd. Only my option.
When you look back at other big drills FOLG, TRP, CHAR they all got to a value of 200M Mcap, some did more when they where drilling. Success is a different story.
HE1 with very good PR 170M. Mcap, at present they are 55M Mcap.
Mosman have a number of assets in the USA producing both oil and gas, these wells are onshore and at low costs.
The next update on production will be due as we now will get a quarterly update on production, this time round there should be an increase in production compared to the last update. We will not see the full potential as some of the Stanley wells needed a work over and a lot was focused on Stanley 4 and Winters 2 .
Stanley 1,2,3,5 ( 36.5boepd net) Stanley 1 needed a work over.
Falcon 1 (75 boepd net)
Arkoma 9bopd
At present i would think worse case 120 boepd. Then on the 2nd quarter production S1 should be done, S4 and Winters 2 to add at least another 53boepd net.
1p a share based on production and assets only for the USA and still i think with other assets to come on line with drilling is conservative.
Then you have the Australian asset EP 155 and EP145, the old data has already estimated a gas resource of up to 12.5 TCF of gas with EP145, that on it's own is world class on shore .
With the latest 2d seismic i would guess this will increase and then you add what Helium will be identified on top.
The above figures is just what i think with production and i do hope it is much more when the production figures come out.
It is time for Mosman to rise, we are being left behind.
Ntog seen increases.
Eog, Edr, ujo, ukog, angs,
Come on John we are by far the most undervalued, it is time for news.
Stanley 1,2,3 work over.
Stanley 4 oil producing and up date on the gas.
Stanley 5 producing.
Winters 2 producing.
Falcon 1 producing.
Cinnabar update what has happened to any JV.
Production update due this quarter. Would be nice to see how much money we are making with oil and gas prices increased so much.
We will get a quarterly update on production, I do not think we will get how much we have made money wise.
This is the time for Mosman’s to pull out all the stops, it would be in Mosman’s and share holders interest for John to advise how much money has been made, bring information on the table whiles oil and gas are at record highs. Mosman’s need to take advantage of it, now is the time to push for PR this is the best time to do it and if they don't go for it then they clearly don’t want the share price to re rate.
Also with regular news and increase in production people will start taking more notice.
We also have an production update every quarter so by end of march we should get updated.
News on S4 and winters 2 due in this week. Work overs on S1,S2,S3 so increase in production can be achieved.
This can only get better and we have been undervalued for years.
Mosman's need to get on with getting the data together so we know how much Helium is in the ground, while CP are working on there JV's and there is 3 wells that could be drilled in 2023 and a lot of work prior to this.
CP has had no issues with good JV partners.
The quicker we know how much helium we could have the quicker a JV will want to come on board.
It is great news Central Petroleum is going to get active next year for a drill and work this year will need to happen before the drill.
For Mosman's the major activity will be getting the gas infrastructure in place and getting our work overs completed to start seeing the increase.
Once Stanley 1,2,3,4 has had it's work over with should be producing back to 60bopd net, that is not much to ask for from 4 wells.
what we could be looking at.
S1,2,3,4 60boepd net
S5 18bopd net
Falcon 1 100boepd net
Winters 1 22boepd.
Already that is 200 boepd. That is once all the above is producing.