Member Info for shar1

A free carry through seismic ($5m?) and drilling ($10m) saves MSMN from raising capital to pay for it - that it a good thing. SO GE have to raise the capital ($15m?) and pay for all that work. Good luck to GE in raising all that capital and both sides win if it works

anyone know what the debt level is?

Nice photo and video, looks good. Would rather see straight talk than pumped up bullsh*t. Delivering as promised

From the RNS
Mcf = Thousand cubic feet per day
Industry uses American m for thousand, mm for million

its not an unusual choke size... it can be adjusted up or down. Too large and the reservoir pressure drops, and flow rate drops. The wellhead pressure is strong, suggesting the reservoir can deliver more. Temporary limited tank storage may mean smaller choke to manage produced oil volumes, that will be resolved when well connected to production facilities

exploration! a) its a risky business and b) it is not possible to value a resource until there is sufficient data. GE has only a fraction of the assets that Mosman has....with GE IPO based on helium volume estimates!
Mosman has production, Reserves at Cinnabar, Prospective Resource in Australia. I agree it has taken time to get there, but I think Mosman has built a strong portfolio and is getting the critical mass to move forward

I agree with fordfairlane that Mosman has been building production, and in the past Mosman was too small to borrow so had to raise capital to drill and grow production. Once critical mass is reached, loans may be better way to go. A good flow rate at Cinnabar (which already has a Reserves Report) might be enough to get development funding from banks.
The other way to go is farmout as Mosman did in Amadeus Basin where wells cost several $ million - but not many companies managed to farmout. Santos and CTP in Amadeus also farmed out and will drill in 2023, that activity could bring interest to Amadeus Basin: "Peak Helium have recently advised Central that the assessment of stamp duty for the
farmout agreement has now been finalised with the Northern Territory Government. This will
facilitate completion of the remaining conditions precedent. Peak Helium have accordingly
requested an extension to 30 November 2022 to satisfy these remaining conditions precedent
and the parties have agreed to this extension. We understand Santos have also provided Peak
Helium with a similar conditions precedent extension for their farmout arrangements."

I meant the m cap is very low for the assets, even before the success at Cinnabar

Fundemantals seem strong, what's the problem?

"We had a record period with over $2 million in revenue which is the highest in the Company's history. More importantly our gross profit was $1.2 million (over $1.4 million after non-cash items), representing a 381% increase, also a record for the Company. Average oil sales prices during the period were $98.28 per barrel."

The price was over 1.0 five years ago and never below 0.2 until 2018, so this has a way to go before recovering to previous price levels

What is 120 bopd worth? ie could it be sold, or development wells farmed out for a free carry?
what if it were double 120 bopd?

Does this include the cash flow from the 300 boepd reported at Stanley and Winters?

Very odd that after a success at Cinnabar the share price goes down.... That lease and successful well has added $millions to Mosmans value

can be debt funded, does not need to be any equity raise

in any case, the MC is so low compared to value in Stanley production or Cinnabar going forward

Takeover candidate?

Fordfarliane is right! my post was disagrreing with Botham...

that's not what the RNS numbers say.... . Stanley oil at $90 replacing Falcon gas boe means higher revenues and latest production rates are 300 boepd just at Stanley and Winters

Good progress.. past 70% drilled..... on track for results this week

smart money moving in ahead of drilling.... anyone selling must be desperate for cash?

Mosman still has 100% until Georgina spend $money and meet conditions to earn 75%, so 25% free carry. I think then Georgina can go to 90% but only if they pay for and drill a $$$ well??

Cinnabar could be a company-making project. 350 acre lease, 40 acre spacing = multiple wells. Maps showed it is being drilled in between 4 producing wells with 3D seismic used to optimise location