RE: Future Drills...25 Apr 2022 18:31
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.