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It is nice to read about EP155 and the potential value it holds. I don’t recall Mosman’s writing up this level of information.
EP155 – Mt. Winter
In the Amadeus Basin in the Northern Territory, Westmarket Oil & Gas (100% owned subsidiary) holds a Farm-in with Mosman Oil & Gas to earn up to 90% interest, with management control, in the EP155 property at Mt. Winter, a project area covering c.230,000 acres. A pre-existing well has been drilled to a depth of 2,650m but has not yet been extended deep enough to penetrate the sub-salt helium horizon.
Key aspects of the property include:
• Independent consultants have identified the necessary elements for the formation of substantial helium, and potential charged structures to host 75 BCFG of helium at P50. This volume of helium has an in-situ value of US$21bn at a price of US$280 per MCF.
• Additionally, potentially around 1.5 TCFG of P50 recoverable hydrocarbons.
• Around 165 BCFG of hydrogen may also be present, which could offer an
additional revenue stream.
• Mapped seismically defined structural closure in the Mt Winter prospect
hosted by EP 155 has been evaluated totalling some 3,200 acres.
Georgina Energy has an initial programme to complete seismic studies and then re-enter and deepen the existing well to develop the subsalt helium (and potentially hydrogen) resources.
Mosman Oil and Gas Limited (AIM: MSMN) the oil exploration, development and production company, announces that the relevant Minister in the Northern Territory Government has advised that Mosman's application for a suspension and extension to the work programme conditions for EP145 has been approved. The approval provides additional time to arrange access to the permit area and to conduct further environmental works and preliminary logistics, once the COVID-19 restrictions are lifted.
Wolfiewolf please see below extension until 21st August 2023.
This results in the suspension of the previously required work programme for Permit year three for a 12 month period to 21 August 2021 and the extension of the Exploration Permit until 21 August 2023.
It is great to see the interest has come back and the trades yesterday and today are great in compared to the last couple of weeks.
I am hoping news on Falcon is due any time and maybe an update on the next drill.
I would not put it down to any news on the helium but would like the company to do more PR on it, this is massive a super giant structure and more awareness is required to how big this is.
• Airborne gravity survey in June 2021 to provide more detail regarding the deep geology in the permit, in particular the presence and distribution of salt deposits that provide the seal for helium, hydrogen and hydrocarbons.
• The processing and interpretation of gravity data and updating the geological model.
• The acquisition of seismic in September/October 2021 aimed at defining a drilling prospect.
• The processing and interpretation of seismic data November/December 2021.
• Planning and long lead items for drilling.
If there communicated better to share holders this would help, No update on Falcon 1, have they already started the work over if so would be nice to know. Has the funds gone into another well like Cinnabar or Galaxie and we have not been updated yet.
For me 3 updates I would like to here The falcon 1, what is happening, Duff update when results are due and Cinnabar or Galaxie where we stand on this as the Seismic by now would have been done to get a location to drill.
Greater Stanley well should not take long for the workover to be completed, we need a very good result.
Falcon 1 well news must be due any time there has been plenty of time now.
The next new drill news should also be close, other Cinnebar or Galaxie.
How long for an update on oil flow we started drilling on the 1st Feb.
It just seems we keep getting knock down, I also don’t understand why things take so long.
It would be nice for an RNS advising Falcon-1 work over has started, Duff well work over has started and Cinnabar has spudded.
We can not be that far off I choose Cinnabar as we are the operator and with the price of oil cinnabar is more oil then gas.
We are producing from Stanley 1, 2, 3, 4 and Mosmans will be benefiting from the increase in oil price.
Falcon 1 is still producing but at a lower rate. Let’s hope the operator can resolve the water issue so we can get back to full production. It also will be great if the operator can figure out why we are producing so much more less then at the flow test this will only give us a better understanding when they do Galaxie. I think Cinnabar should be the well to start since the price of oil had increased so much.
It is important the technical work is done, so far we have a high success rate of drilling and with the technical work being down I rather Mosmans strikes it right on there next drill 1st time. We know technical work is being done on both cinnabar and Galaxie.
Falcon 1 will come back on stream soon which will be great.
If Mosman’s can give us an update on Stanley 1 and news on Falcon 1 production rates, keeping the market updated whiles we increase our production rates is important and it will prevent the share price dropping.
We are at the stage of change for the better and Mosmans has advised they aiming to increase production by 7 times.
The trades have increase which is a good sign and this is a company that is bringing revenue in and will increase its revenue.
A small cap company with revenue increasing, more assets to follow and we have not even started on the Austrialia assets, a world class assets with multi trillion prospect and helium on top and we are valued at only 5 million gbp.
This is interesting Falcon 1 flow rates was constrained and is now resolved, how much now is the flow rare.
On constrained flow, Falcon-1 is now producing at c.180boepd (gross), with Mosman's net production being 90boepd and 68boepd after royalties. With regards to gas output, the well is currently producing at an intended lower flow rate of 1000mmbtu/d. This is primarily because the pressure has to be reduced from wellhead 1900 psi to pipeline 1500 psi, and the related temperature drop is causing hydrates and icing in the connection pipeline. The partners have since installed methanol injection which appears to have resolved the issue.
Mosmans should update the market with full month production of Stanley 1,2,3,4 and Falcon 1.
With so much going on a 6 month production update is to long.
The market needs to see our production is up and we are progressing well.
2021 looks to be the year for Mosman's and beyond.
The Falcon well production started on the 11th December 2020, if Mosman's gives us an update on the second week of Jan we will have a months production figures.
Our year net total production of 23,117 BOE will be blown away this will only take 3 months to do, this is how much of a change Falcon 1 will bring to Mosman's when adding its production rate to the rest of our assets and will be a game changer.
Not forgetting our next well Galaxie and hoping for news on this and when Mosmans is expecting the spud hoping in Jan 2021.
So much news to come and our Australian asset which holds Helium, a lot if interest this will bring.
The years total production net to Mosmans was 23117 BOE.
Look at what is to be expected. Stanley 3 and 4 giving around 60bopd, falcon 1 at present 271boepd total: 331boepd.
331 x 350 days giving 115,850 BOE. This just gives an idea of how different 2021 will be for Mosmans. Now lets take Galaxie into it, we have been told the seismic is better then falcon 1, but lets take Falcon 1 figures with a 60% this will then give you a rough estimate 541boepd x 60% giving 325boepd net. If Galaxie starts production in March then our total end of year, 325 boepd x 291 days giving 94,575 boe.
Add S3,S4 and Falcon figures this will give around 115,850 + 94,575 giving 210,425 BOE.
These are rough indications but look at the difference, hoping for an update on Falcon 1 with the current production rate.
We have now the the capacity to produce good production rates, will be great to know what the net cost of Falcon is per boepd, it took the board a very long time to decide to tell us about the net cost of the Stanley wells and it is important to know.
The board has done extremely well in getting us the 50% for Falcon and now Galaxy well being next to start with a 60% stake.
There is not much talk about Mosmans with our brokers and I do hope Mosman's starts to realize the importance on good PR and zing. If our brokers like they seem to do with other small cap companies can advise our potential value and target price and also now you can now add Galaxie well using Falcon 1 figures.
Mosman's need to start promoting them self's and a lot of it.
When is Georgina Energy Plc doing an ipo to list on the market, this will add PR for Mosmans.
Sweatysock is correct this company is not great at PR and Spin, I think Mosmans are to caution in what they say and how they say it. Let go beef up the company, boast about Mosmans now is the time.
Speak to journalists in the uk and else where get us on the papers with a recommendation.
Our brokers need to start playing a part what could our target rate be, start showing recommendations.
We need to spend a little to get out there with marketing and PR.
We are in the right place to do it.
It has been the same with good news, hoping the production will change things round, will be very interesting when the flow rates for Duff is announced.
https://www.brrmedia.co.uk/broadcasts/5fbf8cbab19325729a9d7ca8/mosman-oil-and-gas-company-update
Hi Faz7475, the Helium play is still a long way off.
The main one is Falcon 1 and what valuation is going to bring in to the share price and then Galaxie hoping this starts straight after or they do a Falcon 2.
I would like the share price moving on Falcon and Galaxie. I would have thought the Helium play would bring in the share price a lot further as it is we are so undervalued and surely with our assets and production with Falcon 1 we should be at least a 1p.
Your thoughts and how you thing Mosmans can bring on more interest.
I don't think it is just the placing, there are many other small cap that have a lot more shares in issued then us and they seem to get movement. Maybe after the share talk interview the matrix's looking positive.
Mosmans has cash and producing projects. 2021 will be a lot better then 2020 oil and gas price driven.
The seismic looks very good on the Galaxie well even better then Falcon.
The returns of the existing projects should fully turn this company around.
The right downs and negatives all out of the way, the Welsh project people are interested in.
We clearly are in a lot better place, lets get Falcon connected and producing.
Will investor wait until production starts or will they jump in now.