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Hi Londoner,
Just for clarification
Link below was from Soulac post not Da-Gee as I previouly said.
https://www.youtube.com/watch?v=QBJh_YU3u1U
Listen between 19:30 mins and 20 minutes into the interview to save you time on your questioning of the information source on your post.
says 700% and 2.6 Million for this year is his opinion coming from SP Angel Report.
Defo worth the listen and this kind of media that will help put Mosman into the spotlight as even the interviewer had not heard of Mosman before, so good PR and more positive media the better.
GLA
only re-iterated what was in the RNS and What was said in the interview.
Listen to interview link Da-Gee posted below from 16 minutes onwards to save you time.
And basic maths 139 bopd to 210bopd is roughly a 50 percent increase on what was being produced last year.
The important point for me is to see Mosman continually grow this year and have committed and communicated 4 Drills this year, my only current uncertainty is what we are drilling in Qtr 1 as Stanley-5 appears to be in Qtr 2 with Cinnebar and Galaxie.
I would concur with Da-Gee's last post we really need to be using some of the funds already raised to get on with a drill this Quarter.
There has been a good write up from SP Angel suggesting we should be at 0.42 p and the interview today detailing and setting out his beliefs of what opportunities lie this year with Mosman, I am happy they are getting good positive media from other sources than this bulletin board.
The other speculative unknown is the situation with Falcon-1 and whether we have improved the output there from recent communications but obviously if that is substantive enough it will be communicated via RNS.
GLA
Should listen to the interview posted by Da-Gee below,
expecting a 700% increase in Production this year with potentially $2.6 Million generated in Sales by the end of year,
To save you time listen on from 16 minutes int interview , they spend 10 minutes talking about all aspects of Mosman,
So another good bit of PR for Mosman and highlighting the fantastic opportunities Mosman now presents.
Glad we seem to have increased by 50% what we were getting last year from Stanley's in RNS, get Stanley-1 back on to help this more, then onto Stanley-5.
Good start to the day.
GLA
Just watched this. It is the kind of positive media we need and seems very confident in Mosman for this years production goals.
Why we are so low in share price with this prediction is anyone's guess , and that is what it is a guess w.r.t Placements etc
History is just that ,Time to look forward and not backwards, just wish they would make clear what we are gunning for in Qtr 1 and then get going full steam ahead.
GLA
I don't believe we ever owned Pine Mills, we put in a bid for it but did not secure it as NTOG was a preferrable bidder as they had a stake in a current Junior partner at Pine Mills, at the time, so taken from under our noses unfortunately.
Arkoma was supposed to be our 'Pine Mills' with even bigger prospects, however that is still the continual blot in our portfolio where this 'huge' potential has never materialised even with ESP's deployed. We have one six month report that showed the potential with big numbers but since then the numbers as I have said before have been incredibly poor.
The frustrating thing is we could probably do new wells, but we have ill feelings with the other partner Blackstone (history of that in prior RNS when they did not pay their due, and then settled out of court), and inept Operator that seems to just sit on their hands when challenges occur. So get rid ! would even accept half what we paid so we can move that money to the Stanley's or other next drills to actually produce more that way to cover off the loss of initial capital in Arkoma.
I have read SP Angel report a few times now my only concern is I am not clear now what we are drilling in Quarter 1 this year,
Stanley5, Cinnebar and Galaxie appear to be in QTR 2 or greater.
Would be good if the bod enlighten us as to what we are drilling in Qtr 1.
BigBear are you out by chance? we should have circa 2 Million AUD in the bank. The SP Angel report made clear they were funded for the next couple of drills, and if a placing was coming you usually find the price is going up, forward selling by MM's before crashing us down when one is announced, imho.
GLA
These changes would be commercially sensitive surely if we are producing more, I am just wondering if they have to run this for a period to ensure stability and everything is in line and working as expected without further modifications or fitting of any other additional equipment etc. before they can announce via RNS.
There has certainly been 'bots' running for a number of weeks now doing small buys and sells to shift prices hope the Algorithms are adjusted to keep note of this, apparently looking around other Companies have seen similar spills of < £100 (mostly £1-£10 ) buys and sells coming trorugh in spurts at the same time frames. Cannot believe loads of people can type and place their trades within milliseconds of each other when you look at the time of these trades and for small amounts <£10 cost of the trade would not make it worthwhile!
Any way RNS news soon hopefully on Falcon-1 adjustments producing more, Stanley-2 flow rates , and perhaps in time Stanley-1 flow rates with Artificial lift gear fitted in Stanley-1 Stanley2.
GLA
PS Nice recommendation from SP Angel about time 0.42p prediction this year from them.
Agree that he is not going to change the world overnight, Headlines now but he has enough on his plate short-term ,
We are talking 10-20 years ot least before anything substantive changes may take place.
The world needs to function now and as the world takes the next year or two or three (3rd World countries with Western help!) take on the Pandemic with Vaccination programs, imho.
For now just need the BOD to communicate on what we are going for this quarter, and Stanley updates on fitting the necessary equipment to get Stanley-1 going again, I believe last commications indicated that Stanley-2 had it fitted already so any news on that back on Production and at what flow rate would be nice.
GLA
I cannae gee yee any more captain, I am squeezing the last juice out the di-lithium crystals.
Bought some here recently enjoying the ride.
GLA
Wolfie the bod managed to get gem back up and going and I think both you and I did not see that happening. Arkoma last numbers were abysmal
We need the magic of jb to turn that around I would even settle with getting half the money we invested in that would I believe with 27 percent share plus ESPs it has cost us circa $1 million dollars.
Everything is progressing well now apart from Arkoma and we are in a different place than this time last year and deserve the share price increases and long may it continue.
Let’s hope things change dramatically at Arkoma
And we do another mini miracle there.
Gla
The only reason we started down this morning was a UT trade last night, true range was between 0.18..0.2
Just ticked up now, let's see if we can get through and maintain in the 0.2's today.
Any news from the BOD will help along the way thought volume yesterday was terrific to clear any short termers selling out,
let's see what today brings us.
GLA
I was being ironic if you look at what I said it was agreeing with the points you made over the weekend we debated about hence the lol but ,
We are in the same space now don’t be so sensitive
Gla
my goodness Jebe you lack a sense of humour everybody gets what you are saying,
was just having a giggle!
Just ticked up again.
Re-test of 0.2/0.21 lets see if we can break it and move higher.
GLA
Excellent news last communicated cash position was 1.5 million australian dollars in the bank add welch sale plus Norseman sale now 2.2 million dollars ie
1.25 million sterling, good place to start the new year with a drill each quarter and falcon and welch revenue coming in too (less burn rate!)
Gla
Durv
With all respect jebe and I were posting different views and opinions , at no point in time did I demean him , we both countered blows on naivety,
to be fair we both want mosman to do well I can see by how he defended his posts that is the case.
So I take back my original deramping post on jebe.
If you knew anything about me , I like banter on this board and feel it his healthy for a bulletin board,
I am happy to Settle with jebe on his last post to allow other posters to make up their own minds.
I don’t feel either of us were being childish just defending our viewpoints that is what a bulletin board is all about.
Moving on
Gla
So bottom line you are asking the bod of Mosman
To guarantee they will not place in the future on the Aim market.
What if the oil and gas markets collapse again on their a@se, what if we have a great new opportunity to buy into a new acquisition due to a distressed company and we need a raise to buy that with existing funds, that will grow Mosman faster.
If the bod gave that guarantee and needed funds for a new acquisition or to continue to survive you would be the first to cry foul on broken promises,
That is where I point out your naivety.
Unless the company is minted on Aim they are not going to give you the guarantee you are looking for
So look at your investments and maybe go for a reliable Ftse company that would better fit your risk portfolio beyond that YOU have still not answered my question as I continually entertain your posts,
Fourth time of asking now.
Gla
Yea whatever still not answered my question .
You obviously don’t get that discussions around placements do not help the position of your investments, we are in a very strong financial position so banging on about placements whether just now or in the future DOES NOT help your investment and puts off short term and investors from buying which would actually assist in bringing the share price up as they buy in .
SIMPLES or are you really that naive.
Answer my question and post the last communicated figures and then add Norseman and
welch income , post that and then think on.
Gla
Did not answer my question to you , more than understand what you are banging on about, and we are to believe a poster who is invested in Mosman is quite happy to undermine his own investment by banging on about placements it isn’t crayons and paper needed it is a good look at yourself and where your investment is going.
If you genuinely believe a placement is coming then sell up and go somewhere otherwise.
News on Monday and sit on your hands and enjoy the ride , if you are short term trader then choose your out otherwise patience and see where your
Investment goes.
Still you could do your own research and actually answer my question then you may post differently about imminent placements.
Gla
13k buy after hours still people loading up from the short term traders selling, fully expect rns Monday morning .
These cheap prices won’t last long exciting start to Monday should shape the share price to come, build excitement into first quarter drill , doubled production with oil and gas prices increasing.
Gla
I came in in 2017 on the USA growth plans,
Oz to me is a bonus but one many believe will be
Jebe, the beater of the Placement Drum,
What is the current Capital position of Mosman, or if you do not know that what was the capital position of Mosman last time communicated in an RNS and when was that,
DYOR and you will get the answer you are looking for, instead of continually digging at this board for your deramping to get a position for yourself.
GLA