Mosman’s19 Sep 2021 14:18
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.