The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
Fantastic news , totally missed again! Doh!
100% hit rate with Baja as partner, Drill, hook up and now making MONEY!! from Falcon-1 ,what not to like, this will be a good revenue stream for Years to come, accumulate affect of the Stanley's supplementing this also (60-66 bopd net from Stanley-3 and Stanley-4) more when stanley-1, STanley-2 comes back on line after Artificial lift equipment fitted (should hear news on that soon hopefully). Greater Stanley Duff field currently low 6 bopd that was being recompleted with a 20%stake there for Mosman.
Welch still a steady producer until it is sold my last reckoning was 35-40 bopd net, Arkoma hopefully improving so we can sell it on!
I can see why he is saying it sets us up for a great start to 2021.
We also have all the buzz around OZ and EP145 and EPA155 and that should get moving in 2021 with vaccines allowing people to come back to some sort of normality personally and doing business.
Remember Galaxie to come which is bigger and should be drilled and in Production by end of Qtr 1 / start of Qtr2 hopefully given the 3-4 months timelines it comes from initiation to commercialisation of the Falcon Well.
BOD will get there shares next week and then we can all look forward to 2021.
GLA
Strange hydra 10 posts all negative , most if them banging on about placements, all mostly one liners and you appeared recently on the 20th October, call me suspicious but this was around the same time another continual deramping poster disappeared probably banned. Those on this board who post a lot know who I am talking about.
Now that could be pure coincidence for everyone else Mosman has 1.5 million aud in the bank John Barr recently confirmed and stated the next drill galaxie is fully funded, continually banging on about placements as deramping angle would be better down the line , not just after we recently had one.
Gla
CTP and Santos are looking at 2021-2022 on their areas where our ep145 is next door.
So next year or two , Santos has a jv with CTP and these guys wear big boy pants.
Chinese companies have a mou and a heads of understanding with mosman if you actually bothered doing any research, other companies could be positioning themselves like Santos did with CTP,
That is why afzal is taking a position in mosman ,
Others have high interest in Oz and a JV may come at any time like epa155 which took us up over 300 percent in a day.
Gla
Price of Oil and Gas up, Gag Packet maths
Stanley 3 & 4 = 60-66 bopd net to Mosman
Welch 35-40 bopd net to Mosman
Falcon-1 per RNS 40 , final production numbers to be confirmed.
Roughly 140 bopd net to Mosman per day imminently, * $50 poo = $8000 per day less 1/3 for cost roughly would be
5,350 dollars per day * 300 Production days (in case of mainenance or downtime) = $1.6 Million Dollars
Then there is the gas to come from Falcon-1 on top of that.
Ridiculous SP imho
need news to push this on
GLA
mates rates buying enough said, moving back up now, well done if you got them cheap cheap!!
GLA
Hey we all want That as shareholders to see the price rise.
I thought you may have something specific in mind, I think we have made good progress but there is always a heavily discounted placement That has continued to come along the way to hold this back or bring it back down when momentum was building.
The hope is moving forward from here is with falcon1 and perhaps the Stanley’s output currently we could be close to corporate profitability if not there now when revenue comes in in the next 3-6 months.
Galaxie is funded and the placement and warrants imho seem to have depleted as I have not see really big sells last few days and volume of buys outweighing sells again.
One thing I have said in the past and is still current today is that the guys are not great at PR and spin , blowing the old trumpet on terrific news, if we could in time to improve that I think that would help create more buzz and excitement about what mosman is achieving .
We all know other companies on Aim with better spin and billybull that have nothing .
one company the other day did a placement to pay off a previous residual debt from an earlier placement and people were still spinning it.
Anyway my thoughts hopefully with news next week we get a material and substantive rise based on good news , numbers and facts.
Gla
What like Falcon-1 and Stanley-4? Galaxie to come (already financed!) ?
News to come on hook-up to Production for Falcon-1 with final numbers etc, hopefully next week
Duff already re-worked just waiting for results via RNS on that,
Curious, What do you want the bod to do?
GLA
I am happy Afzal is showing such interest and he will sell when he is ready like everyone else, 225Milion is 1/3 of the last placement, so when he does they will be shifted under normal trading, won't over dramatise that, my concern has been , have the MM's held this back at this pathetic price after Falcon-1 an Stanley-4 results so He could load up!!
PSSSST MM's be fair make Afzal pay a more reasonable price compared to Mosman latest achievements.
What I will say in the past few days have not seen as much drag back with big sells so hopefully this is the start of the SP going North.
GLA
PS Falcon-1 hook up RNS and Duff Results RNS should hopefully be next week.
From original RNS when Greater Stanley was bought into by Mosman
'Greater Stanley
Mosman and its Strategic Alliance partner, Baja Oil and Gas LLC ("Baja"), have for some time worked to identify additional locations where the successful 3D Seismic led approach adopted at Stanley could be repeated and further commercial success obtained. This business development project is to be called "Greater Stanley".
This first acquisition of additional acreage is an existing oil producing lease "Greater Stanley 1" covering circa 36 acres and situated near the existing Stanley Project, where Mosman has participated in 3 wells. Acquisition of this lease will enable application of the technical work that has been successful at the Stanley wells. The Greater Stanley 1 lease is currently producing circa 6 bopd from two wells completed in the Sparta zone. The key benefit of the acquisition is the potential to apply the technical work successful at the Stanley wells to increase production from this lease. This may include re-entry and re-completion of one or both of the existing wells, or the drilling of new wells. The terms have been agreed and the transaction is subject to completion and registration.'
So anything grreater than 6 would be GOOD.
GLA
Yip tremendous news , health always before wealth.
This hopefully would in time bring things back to normal living by April next year just in time for gettingcontinued income in from Falcon-1 as well as having production from Galaxie also and the price of oil and gas bouncing back more strongly, looking forward to Christmas , New Year and a very strong 2021 with Mosman reaping the benefits of what has been invested in Wells in the past few months and the next few, and increasing Production and being Corporate Profitable,
see the dark days of the Virus and Placings behind us.
Hopefully it also unlocks Oz potential and lets things progress strongly there.
GLA
Some nice buying for a change good to see a blue colour having seen Red for a while , Someone even happy to pay over the ask.
We should hear of hookup soon of our gas to the pipeline and start getting the revenue checks from Falcon-1 by the end of the month .
GLA
Feel that brr media interview was a lot more confident and forward thinking from John than the recent media outputs to proactive.
Falcon-1 is the real deal and no imminent placing, talking about income streams coming on line that should put Mosman is a significantly strong position for 2021.
Don't know what is going on with the current share price and how the MM's are playing this but that is the most confident and assured I have seen John in a media interview in a long time and nice to see, still not credited with Falcon and Stanley-4 in my book but when the money is coming in that cannot be ignored.
GLA
Np Wolfie
I really want to hear news soon on another drill adjacent to Falcon-1 where the Galaxie Drill planning is now off the boil.
I do believe that a recovery in oil and gas prices has started and feel that will only gain momentum, so whilst drill costs are lower and before they start to rise significantly we need to be drilling.
I don't care if it is workovers or new drills, the more we can do now in this period the better.
The share price imho is not reflective of the current position Mosman is in, but 'fair' is not a word you can use in an AIM market it seems, it could still be in this range and not moved higher due to residual placement shares from that 20th October RNS where the shares hit the market on the 26th October, so 720 Million shares to be cleared, we are now a calendar month on, say 20 trading days on from that 26/10/2020 date, with the volumes we have seen I would have hoped that would have cleared that volume and any prior warrants, perhaps just need another RNS to finally clear it and then we should move higher.
I did say at the time on the placement we would be treading treacle for a while in terms of share price movements, but We have made great strides recently with Stanley-4 and Falcon-1 and want that to continue, the market and share price will catch up at some point.
GLA
Steakpie
GEM is now Norseman Silver , we have already sold 2/3 of our holding and still retain 1/3 or 510,000 in shares current price for that is 0.27 CAD per share, you can do the maths, but the RNS on Final results the other day , there was a section which stated the following ...
'Norseman Silver Inc (previously named GEM International Resources Inc
After the year end Mosman sold shares in this Company and realized cash of in excess of $258,000. Mosman still holds 510,000 shares and will dispose of those shares in due course. As of the date of this report, the market value of the shares on hand is approximately $133,000.'
The BOD (actuall just John really) did extremely well in resurrecting GEM and recovering our investment money in that.
GLA
Wolfie
that is a big call you have just made remember they did a capital raise for ÂŁ0.9 Million on the 20th October 2020,
from RNS on that day ..
'...Details of the Fundraising
To fund the drilling of a proposed significant Galaxie well, installing Falcon production facilities, and for working capital, the Company has raised ÂŁ900,000 (before expenses) by way of a placing of 720,000,000 new ordinary shares of no par value in the capital of the Company ("Placing Shares") through the company's broker Monecor (London) Ltd, trading as ETX Capital, at a placing price of 0.125p per share (the "Placing Price") (the "Placing"). Investors are also receiving a one for two warrant exercisable at a price of 0.25p with a term of 24 months (the "Placing Warrants").'
I don't think you 300,000 AUS number is accurate, are you saying we have burned almost one million dollars in a month?
GLA
A lot in that RNS, some good things , some not so good.
Been a tough year for oil producing companies we all know, but we are coming out the other side bold and brash and growing and producing more, we will now we benefit from increased revenues from Falcon-1 and the Stanleys building the bank balance.
Like the dinosaurs the smaller oil companies like Mosman with no carrying debt managed to duck the aftermath of the Coronavirus meteorite by tightening the ship and storing oil and not have to sell at a loss.
So much more to look forward too and the past is the past, it is where we go from here and imho it looks like more Growth, Production and Revenue with trusted partners they have good relationships with the likes of Baja who know what they are doing and have to date a 100% hit rate with their seismic interpretations.
The one thing I took out AC video is Galaxie may not be next now due to logistical reasons in terms of distance to a main pipeline, We may be looking at another well drilled located nearer to Falcon-1 (Falcon-2) and the main gas pipeline.
GLA
Only a matter of time until this pops . When the selling stops and placement shares are exhausted then this has a way to go to get recognition for the extra production that has been achieved to date.
Perhaps you have a valid point in that the market is waiting to give that recognition when Mosman confirms that Falcon-1 is hooked into the Gas Pipeline and selling our oil and gas.
Note : News due on Stanley-1, Stanley-2 opening back up and producing should be soon given the announcement by Baja on it website, obviously Mosman need to be more careful being regulated that it waits until that is completed and confirmed production numbers are communicated back to Mosman by the operator.
Greater Stanley Duff re-completion still to be confirmed officially and what that is producing.
All this news should be with us soon, including preparations for the Fully funded Galaxie Drill.
imho
GLA
Yes unusual no media especially when figures were released and the bod would be buzzing wonder if they are waiting for something else that is imminent and will be in rns, before hitting the proactive media and brr media .
Oil on the up, some pundits expecting oil to get to $60 next year, gas prices on the up,
Our production figures on the up soon, oz interest on the up,
Our Sp ? Hopefully we finish rinsing out any residual placement, warrant shares and get this share price rising, still feel not credited with terrific falcon result and Stanley 4 and any negative thoughts on Stanley 1-2 should hopefully be dispelled when they are open and producing again.
At this share price with galaxie fully funded to come what is not to like seriously!
Gla
Wakey wakey looking for money down my sofas, Stanley-1 and Stanley-2 coming back on line soon
Could soon be over 100 bopd net from all the Stanley’s , 35-40 bopd from welch , 40 from falcon-1 , arkoma (who knows!), that’s the oil , then we have gas sales also coming as well as bigger prospects Oz.
My reckoning 75 million missing volume on rns day still to be accounted for after 15 million trade late yesterday. Just me and soulac awake this morning.
Gla
On Baja website , Champion tab
Money coming in from the end of this month
What’s not to like except roll ipn galaxie still which is bigger.
Gla