Member Info for nice1

This will recover, I personally was expecting more production,.

What is going on with Cinnabar how long until they actually put an artificial lift in place, past RNS has already said the same, to much time has been spent since last here on Cinnabar just do it if it is going to bring in production.

When watching Andy present and advise about the 2d Seismic he was not concern if it showed less or more with the 2d Seismic it was more about getting the sweet spot of Helium, Helium is there it is more about what grade percentage you get hence why getting the sweet spot of Helium is important.

Mosman’s has a long way for a rerate and it finally has started, the potential is massive and as a reminder other small cap companies like HE1 and Chariot oil have gone to a valuation between £170 and £300 million on there very first major drill.

Could this also happen with Mosman, we have to wait and see.

I can not even sell my shares with out it going to NT and I am 98% down.

I have been with Mosmans for at least 9 years, still need over 100% to breakeven.

I see now the turning point for Mosman's, please also take note of the past small cap companies that was doing there very 1st major sizeable drill i notice.

Warrants have been "on the books" for some time, people buying share at 0.020, 30, 40, 50 have known this.

The share price has gone up as MSMN recognised as one of 3 helium companies and relatively undervalued

that triggers exercise of existing warrants and cash in the bank.

Cash in the bank (and funded exploration) reduces any potential need to raise capital and that helps the share price.

Warrants only exercised while share price is over 0.035.

Once warrants exercised and some/most of those traded out, share price likely to rise until MSMN has "comparable" value to Helium One and Helix.

Looking at past major drill every companies valuation increased, when i was watching the below,

Falkland Oil and Gas went to a valuation of near £300 million on there very 1st drill.

Chariot oil and gas went to a valuation of near £250.00 - £300 million very 1st major drill JV with Petrobras and BP. Namibia.

Tower Resources went to a valuation of near £200 million JV Repsol very 1st major drill. Namibia.

HE1 went to a valuation of near £175 - 185 million, very 1st drill in Tanzania.

Mosman's has a long way but look at the potential and prospect EP145 is a very sizable resource and proven system.

I am here until they drill EP145.

Good luck to all.

I have also been here for at least 9 years and i will need 250% to break even.

The potential this has is big with the right news and PR, this is Mosman's time to start talking, letting people know what is out there and bringing awareness to as many.

The next up date on production will be important as I am hoping Cinnabar would be producing by then to give us a further increase in revenue and production.

EP145 is the key and our flag ship prospect, which will be drilled next year and all eye's will be on this with the right PR and awareness to the market.

With the appraisal wells by Vecta Oil and gas this year, the exploration strategy is to drill an exploration well on each of the 5 prospects in 2024.

The increase in production, the sale of the US asset and the sesimic data on EP145.

What is not there to like.

Now we wait for Cinnabar update

The decision was made to perform a recompletion prior to installation of artificial lift (pump jacks). This is expected to take place in the current quarter and this workover will be funded from cashflow.

Mosman's has had every chance to prove them selves, especially with the USA.

Before Mosman's was the operator we was producing 67boepd net, today we have more wells on production but are producing less.

I understand there can be issues on the way, but this has really been a big disappointment and the team in the USA clearly do not have the experience behind them, they try but the results are not there.

We are at the valuation due to this disappointment, no one is impressed and money has been blown away hence the massive dilution.

Most helium exploration companies will be much more valued then Mosman's, there is to much doubt with Mosmans and this team still needs to prove there capable in getting results.

Since we have had the USA assets we have diluted so much to fund it, we now have Cinnabar and we are again struggling, this next well needs to pull through.

All eye now on JV coming through who i hope will bring back confidence back a bit to Mosmans as the JV will be the operator.

It is good we have a revenue coming in, i would like to know if Cinnabar has improved.

EP145 is bigger then EP155.

Still any positive news should bring attention.

The reason we are as low as we are is we have nothing the market finds interesting, the interest is not here and unless the companies starts to show improvements with PR and next set of results being good the share will continue at this level or even drop further.

I really hope something good comes soon.

Here we go again and another big dilution.

This share will never get to 1pence a share at this rate, because there will be even more dilitions and even if they did find Helium by then we would have been even more diluted.

I bought in again and regret it.

Last time a JV was announced on EP155 the share prices increased by 300%, it then drop back down.

This new JV did not bring any interest and it is a much better deal and a much bigger prospect, If you look back our EP155 JV they struggling to list on AIM and has been quite disappointing.

We have also struggled with production, instead of improving it has gone the other way on Stanley and Cinnabar.

Mosmans really needs to show change not just talk, we have waited long enough, I need a 950% increase to break even, there is only so much you can keep throwing in to break even.

The 2 older wells have been worked on for some time and no success, there is clearly money been thrown at it.

If the artificial pumps do not work then a side track well will need to be done in a new zone. Andy advised it would cost in total $250,000, but how much has been spent already on the 2 older wells.

I meant to say quarter.

Central Petroleum and Santos are to drill the Dukas well this year, I did read 1st Qatar 2024, unless changed, will take at least 4 month to drill.

This will also add interest.

MisterPositive I do hope your right, the same was said about 2023 and the year has been disappointing.

The chances of me getting my return back is very slim unless with some miracle the gold grades show amazing results so at least us investors have a chance.

All the best to all.

Based on LSE and we still showing down, clearly being held back.

Sold Value £396.27k

Bought Value £809.32k

Our team in the USA can not handle it, we should not be the operator.

Years of trying and where it has got us, giving our assets to another company who has the experience and we ask for royalties, better to let experience handling it and not spend any more.

The path Mosmans is on is clearly not working.

Prophetus I do agree and Santos and Central Petroleum will also be drilling sooner and we are bag in the middle of it.

This should add to the interest,

Mosmans need to work hard to get more interest as it has been very disappointing, the USA needs either more support and a new team who can start to deliver not just blow money and we still struggling.

We should by now be producing a lot more then our last update and we need the experience to take us out of this bubble were in. Oil is a good price if they can not make it happen stop blowing money get a joint venture in who can bring the team on board.

It is not much of a change, now have a new accountant.

AC is now CEO and we are where we are partly due to AC.

All the rest no change.

The USA team struggles and can not maintain it well enough.

AC needs to present him self on media to explain how he is going to take Mosman’s forwards and not keep the same pattern that had been for years.