Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
That fair value was also based on when oil and gas price was much lower and when our JV percentage was also less.
That only gives us a value of around 17 million which still I think is low, I feel we should be valued at £30 - £40 million.
I suppose we need to show and provide I latest production figures.
We do not know how much helium is in our EP145 prospect, on its on the old data of gas is up to 12.5 tcf, with the latest 2d seismic covering our complete area for the 1st time, I would not be surprised we exceed the current data and will finally know the estimated resources of the helium.
Great interest will start to build a lot of more to come.
It is very hard to think what this share price could be but also even harder considering how we seem to not move up whiles oil and gas has doubled in price.
Maybe the market is waiting to see what improvements has been made, what is the latest BOEPD., how are we coping with maintaining the existing well.
What to look forward to,
Greater stanely Duff wells, workover and update on production rate.
Stanley wells 1,2,3,4 workover news and update on production rate.
Falcon 1 will probably also need a workover and an update.
Winters 2 well, being drilled and results.
Stanley 5 well to spud after Winters 2 well.
updated resources on EP145 if the Gas and finally knowing how much helium we could have.
Georgina Energy to list.
Expect an RNS to say Winters well has spudded, then it will take at least 2 weeks to complete, another 2 weeks to see how it is flowing if oil has been found.
The work over rig is at the Duff well for a work over, not clear which one but hoping it was Duff 2 well as Duff 1 producing hardly much and we need to get more oil from Duff as we do have a 40% stake.
Would have liked a better response on the share price, but Mosman’s need to produce the figures the prove to the market.
Oil has gone up, gas has gone up and our shares have not responded.
The fundamentals are there with Mosmans but we need to start seeing results, before Mosman's took over as operator the previous operator was already completing the works overs on Stanley we was only waiting for updated flow rates.
Now Duff well is being worked over and Stanley will be next, as we have more wells producing at Stanley should should it not be the other way round, Stanley work overs and then Duff.
A lot to look forward to, now Mosman’s are the operator of the Stanley wells and the increase in percentage, it is time to prove what a difference they can make with the work overs of the wells and how much oil can be produced.
Falcon 1 already has a steady flow of oil and gas. Gross of 119 boepd.
We have more to look forward to the winters 2 well to start once a rig is available and this can start at any moment. Stanley 5 well will be after and the same rig will be used.
Mosman’s also has the greater Stanley area, Cinnabar licence and the Galaxie 1 to work on.
The USA assets on it own values Mosman’s a lot more then what our current value is and also more then the last brokers update, we have more percentage, higher oil price, gas price and another oil asset.
We then come to Austrialia, not factored in at all.
EP155 already at this stage is estimated to have up to 1.5 tcf of gas and 75 bcf of helium. JV partner Georgina Energy.
The super giant EP145 this is at a more advanced stage and the last data showed up to 12.5 tcf of gas. This was based on the old data put together and did not cover the complete license area. How much Helium could we have ???.
Our valuation does not include Helium because we don’t know how much is there, we know it is there but how much.
With the latest 2D seismic being put together this for the 1st time will cover our whole area and the gas on its own will be very interesting to see actually how much we really have.
Then the Helium and this is what is going to bring a lot of attention and interest, and our Austrialia value could have a big rerate.
It has been some time now since the work overs have been completed, Mosmans being the operator should now be in control of the latest production rates. This has taken a lot longer then i would have liked.
The site preparation on Winters 2 well should have been done by now, must be the drill rig availability causing delays.
The 1st drill is always the one to learn from and more drills to come from HE1.
Mosmans has a revenue coming in and this is going to increase with production and increase in stake recently acquired. To also have our helium prospect this will only add more interest.
An RNS's is due, our 6 month production will not at it's best, but now we have increased our stakes today boepd is what i want to see and I do hope Mosman put's a total figure on the RNS.
Winter 2 well RNS is due waiting for the announcement.
Georgina Energy IPO third quarter.
The seismic work on EP145 is being worked on.
This is good news , the more oil and gas coming in the more revenue we get.
With Stanley 1,2,3,4 work overs completed waiting for Mosmans to update us on the daily production, Falcon increase in percentage is well received. This share is so held back there is got to be a moment that are rating is to start.
It is good to see HE1 trading well today, they are not producing and oil and gas and have not proven up an Gas or Helium and they have a valuation of £168 million. I would not be surprised to see HE1 increasing to £250 million.
News on Winters well should happen very soon.
EP145 Gravity survey and to start and the gas seeps new data set supports the likely presence of helium and may be due to higher levels of Helium gas in the deeper presalt targets where Helium is sourced from Proterozoic crustal rocks and the mantle.
Georgine Energy to list soon.
Brokers notes was based on the oil price at $45.23 today's price if $75.40.
MSMN has producing assets and now increase there stake in Stanley licence and have more wells to drill, and are the operator. Msmn just needs to provide the latest on Stanley 1,2,3,4 and Falcon 1 BOEPD.
Confirm the drill of Winters.
Going back to the increases in Stanley wells we have been updated on.
Stanley 1 was producing 120bopd, 36.5% (44bopd) after work over and now The decision has also been made to gravel pack Stanley-1 for sand control, in order to produce the well without needing workovers to remove sand from the wellbore or pumping equipment, and this well should also be back on production in the near future. This should be the same or more.
Stanley 2 was producing 20bopd, 39.06% (8bopd)
Stanley 3 was producing 65bopd, 35.51% (23bopd)
Stanley 4 should be back in production but no update on this has been given.
This total already is 75 bopd, we out a further update on S1 and S4.
Any increase in Falcon 1 is well received, we must not forget the royalties of 25% that gives us net 45boepd.
As per Da_Gee it still works out total 120boepd and an update on S1, I have not included S4 in the figures.
This news does give us a very strong foundation, going from 27boepd net to 60boepd is vey good, our net costs are mid teens.
Today's oil price is $73.28.
Months off hard work by Mosmans to get this deal in the back ground, we have Falcon 1 producing and this month Duff well will be completed in a zone that has produced oil.
With the extra wells and being the operator this is very good move. The Market will eventually take note and understand.
Thanks Petesfortune for the tips.
KOD has 15,813 billion shares in issued.
PREM has 18,418 billion shares in issued.
Mosman 's has 3,754 billion shares in issued, considerably a lot less.
I do wish you the best with your share, we all want success, i am very happy to see SAR finally get a rerate, unfortunately i did not hold shares with them, but finally for a share price of where Mosman's is today SAR are now over 6 pence.
Mosmans has a lot of updates to come within the next 2 weeks and any increase in production only adds more revenue to Mosmans, not forgetting our assists EP155 and EP145 which will bring a lot of attention.
We need steady flow rates, would be nice if the operator on Falcon could slowly open the restriction on the flow to see how it handles but not too much as we do not want water coming through. Even at a 105 boepd gives us 40 boepd next to Mosmans.
Galaxie we have a 60% stake and is similar to Falcon.
Cinnabar we have a 97% stake and this is more oil which would be better to start and now the Seismic is completed, so we can select a location for a well once seismic is processed.
The required 3D seismic data has now been acquired and the contract awarded to reprocess this 3D seismic data.
I dont think it was a bad update.
Falcon was giving us a circular of 34boepd net to Mosman for the 1st quarter , we now are going to flow from another zone, i would give 2 weeks before we here flow rates and if sooner then better.
Within another 2 weeks we will have updates on Stanley flow rates.
Duff well to recomplete in the deeper Sparta zone in June.
Plenty of news this month to expect.
The price of oil is good, low costs at Stanley 1,2,3,4.
I would have thought by now Falcon 1 workover has already started so news is well over due and also Duff well news well over due.
At least we have started with EP145.
As frustrating as it is we are still in a good place and EP145 is what will push our share price.
The USA asset will clearly add value if we get an RNS on flow rates with Falcon and Duff.
Georgina Energy has estimated on EP155 the potential charged structures to host 75 BCFG of helium at P50 and EP155 is at very early stages.
I don’t recall Mosman’s advising how much EP145 could have with helium. Has anyone seen any figures on this.