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Gas approaching $5 and oil prices approaching $100
We are an oil and gas company
We are still extremely undervalued for what we have and what now we will be producing and selling .
Hoping for another strong day here.
Gla
A lot of Gas and Oil companies will be thanking Greta and eco activists,for getting World Leaders to concentrate in moving away from oil and gas, issue is we are not probably positioned to do that for at least 5-10 years , looked at UK electric infrastructure, take years to get there!, the UK govt under COP26 pressures also cancelled a recent Oil exploration project in the North Sea off Scotland.
Not saying it is wrong to go green, but people need to be practical and establish a transition plan to get there, This call for immediate action has and will lead to continual high energy prices and for Mosman that is great news, Helium next in OZ and we could really rock and roll this year, imho
GLA
Fantastic news was expecting this nearer the end of the quarter in March. Means we can sell on our gas production in winters-2 and Stanley-4 , Stanley-1 originally had massive gas, wonder if they will re complete to the level again now they can connect to a gas pipeline.
Well done bod in getting this done speedily, market really needs to wake up now, next production figures should be exciting to see.
GlA
Another 10 million buy not seeing the Sells to counter-act any move up, let's see if any turn up after hours.
Come bod get more oil out the Stanleys!
GLA
Nice rise today, long may it continue.
Quantum
For my part I was not adverse to the consolidation meant less confetti flying about, the concern for all at that time, was this consolidation simply a vehicle to facilitate another placement, the board clarified the cash position circa 0.5 million pound currently, there focus is to build up the short term cash position, which is I believe to alleviate the placement fears, I reckon as things move on we will at some point consolidate hopefully on the back of a healthy bank balance and more production of oil and gas from our assets, with people less fearful of placements happening.
In terms of the bod changes John is the accountant here Andy Carroll the oil man, more focus was put on John as he was up for re-election , I have committed to 5 years here and I really did not believe the upheaval of removing him was merited against the potential of what. We have and what we need to progress in the next year, others believed differently, bottom line is vote was made he retained his position and we move on from here.
My opinion on the subject .
Gla
I will add a couple more potential drivers ..
Stanley-1 Re-completion
Stanley-2 Re-completion
Potential Cinnabar Drill with hopefully a JV partner
Potential Galaxie Drill in the future (BOD Always said this was bigger than Falcon)
GLA
Good news on the extension still gives us a seat at the table in terms of timelines with the bigger boys drilling plans in Oz.
Sure up and show off our updated seismic and get the attention of a jv partner for ep145 and could have a drill planned for next year for helium ,
Georgina energy gets ipo and then progresses epa155 on our behalf at the same time.
Gla
That would put around 0.85p share price instead of 0.085p currently, I would take that for starters.
Fingers crossed Georgina Energy finally IPO (I see botham has an interest there and appreciate his updates on that!)
Really hoping the board are aggressively working on the Stanley Wells to get them producing again , the ones that need recompletions , could do with producing more oil currently from those wells given oil prices are over $90 wti, gas prices fluctuate a lot between 4-6 and currently, whereas oil prices have kept fairly steady and consistent in its price rises.
Hope to hear progress on the Stanley Wells soon, and get those gas pipes linked up, We clearly should be motoring with what potentially we have but need to realise that potential, as others have said Oz is where the biggest multiplier of share price will come from, be good to get that updated seismic report also.
GLA
Just read the RNS from yesterday great to see Winters-2 producing decent gas numbers just need to get that infrastructure sorted out to realise those numbers into dollars for the company .
Now they concentrate on getting improvements on the Stanley wells to increase our bopd.
The share price was hammered when they announced unsuccessful first attempts at Stanley-5 and Winters-2 now they have been recompleted to produce oil and gas and not really a push up at all on share price from the MMS , really need some good buying and volume here and in my opinion this is merited with the turnarounds in those two sites alone.
Gla
I for one happy with that result we could have went into months of unknowns and what ifs and you know how the markets would have dealt with uncertainty ! Anyway as I said yesterday result given now , accept result and move on.
Gla
Big shift up in share price can't see an RNS, is the seller finally gone, a lot of false dawns hopefully not this time.
GLA
Monecor have been buying of late see recent RNS, and they bought in to the placement last year and hold a significant amount at 0.15p from that Placement. The Board do well and increase production short term should get this share price motoring as in my opinion should have been happening after yesterday albeit we have had selling for a while now after Afzal declared he had sold up his 400 Million odd shares, which I have a suspicion was just technically transferred over to the MM's books to sell on, I am hoping that residual pot is nearing empty now and the drag we have had will be gone.
I think the bod as it is stating consolidate for a bit,JV partner for Cinnabar to take a share of that drill is a shrewd move currently, in terms of future I would hope the share price lifts accordingly and the bod can look to future warrants to help fund any future drills or advancements in OZ (in terms of drills), Georgina Energy IPO happens (whenever hopefully soon!) and gets things moving with epa155 (We potentially could have a free carry there to drill if we accept just a 15% share!, if we want to participate in drilling we could retain 30% and share the cost of that drill in time), We could also sell on Arkoma in the future as some have stated spent over a £1Million plus on that, if we can get 1/2 to 3/4 qtr back of that outlay I would be happy for that to go into OZ. So lots of options for funding in the future if we can get some substantive and solid movement upwards in share price. In the short term we should get news on Stanley improvements and Winters-2 going into Production with infrastructure being sorted out currently which again should give us a big boost.
GLA
PS I think the board meeting is at 11-12 oclock tonight UK time, Sydney 11 hours ahead, If I recall the board meeting is 10:00 am 28/01/2022 in sydney. So we should get a result and RNS hopefully first thing tomorrow morning and whatever your stance has been, it will be resolved and we move on.
Quite clear your objective is to replace the bod , no matter what, so how about answering some of the questions I had posed to you, what is your solution , what timeframes do you have to replace the bod, another company , different people , will they need to raise cash for this takeover? How much will they be paid what does the board structure look like, how will they turn things around, your silence will speak volumes!
1/2 Year Results was posted 28th April 2021 RNS, they just released Final Results RNS in December 2021 as you know, next due 1/2 Year results would be April 2022, Production updates will now be quarterly which will give us a better feel as to how profit and loss will be progressing, as before your other questions were answered by the board, Capital position was stated as $1 Million AUD, or £500K or over $720,000 USD, and they now have released the latest production figures.
PS You do not offend me but as I said acknowledgement of answers to your questions would have been good to see, and also profit and loss figures you could easily have looked that up yourself as I did.
GLA
Read the RNS Carefully and the moving forward position from here, I found the inclusion of the last 3 months to December a distraction and I guess it was included to make a point I think of clear challenges and downtime for the last Qtr to Dec 2021, to highlight because of higher percentage shares taken in Stanley and Falcon, we still have done remarkably well in consideration of challenges they explain in the RNS.
I then for similar comparison for me went back to the Last six month production update in August 2021 and took the latest figures to compare both figures over the year , this is what I got below ..(hope it comes out okay Had it in Excel cutnpaste!)
6 Months to 6 Months to
30-Jun-21 31-Dec-21
Gross Project Production Net Production to Mosman Gross Project Production Net Production to Mosman
Gross boe Net boe Gross boe Net boe
Falcon 16,502 8,251 14,800 11,099
Stanley 20,327 3,312 11,705 4,141
Greater Stanley 652 155 - -
Arkoma 2,706 425 7,617 1,903
Winters - - 349 101
Total boe 40,187 12,143 34,972 17,344
So for Falcon and Stanley on paper we produced less but because of our increased percentage shares we actually netted more, Arkoma has done really well, and that may assist in making it more attractive to sell on at a better price.
Again John's statement at the end is encouraging in resolving out the problems to increase production in Falcon and Stanley's and thus san only improve numbers moving forward, Cinnabar they are looking to JV (That will help conserve the cash short term!).
Said many times anybody selling here is at a loss big time, Just hope they are really getting to the end of the selling pot, because quite frankly in my opinion this should be motoring..
GLA
The other bit at the end of John's statement ...
"Importantly, since 31 December we are seeing growth in production which has been achieved with the recompletion at Falcon, the drilling and start of production at Stanley-5 and the workover of -D&H-11. We anticipate further increases from workovers at Stanley, Stanley-4 returning to production and Winters-2 starting production once gas infrastructure is completed."
Quarterly Updates
Going forward Mosman will move to quarterly production updates.'
I think it was Nice1 that has been asking for Quarterly updates, again good to see the board listening, This are looking more positive moving forward, interesting They make mention of Winters-2 being re-completed and is gas bearing, looks like just putting necessary infrastructure in play to enable that to be sold on.
GLA
HE1 up 23 %, BOD of Mosman know OZ well, have negotiated extensions to permits, reside there! Went to China as part of NT Delegation to tout for Business, havea good relationship with the NT government.
Epa155 should get moving with Georgina Energy IPO end of this month, (JV Partner there!)
Advancing EP145 also with seismic surveys to collect more data over our whole permit area.
People posting that they want the bod out, what's your solution then , who do you have in mind, what is your timeframe, what are your priorities, how much fundraising will you need , do we get bought over cheap and get mugged in the process, what are your solutions that are practical and would be a better proposal and way forward, or do we stick with the BOD that has taken us through a pandemic , advanced Oz, done 2 drills (still awaiting recompletion figures on Winters-2), bought over Nadsoilco to increase percentage shares in Stanley's, bought more of Falcon from Baja, and strategically still in a great position to advance OZ where we are continually told the big money earner of the future is, and the biggest potential multiplier of our share price (like HE1 advances we have seen of late!).
The bod can turn things round, Maybeeyes you asked the bod to answer some direct questions or as your said 'That would speak volumes', They answered them yet no acknowledgement of that from you , just more disruption , in your last post it was telling that you told shareholders to take back control into 'your own hands', interesting wording, you did not say 'our' hands, so are you actually a genuine shareholder with the best interests of current shareholders in mind, mmmmm.
GLA (Always need to watch out for wolves in sheep's clothing!)
Some one bulk buying 5 Million chunks, MM's need to let this go soon, not seen the volume of sells of late.
I wonder if Monecor are adding more, or new players coming into the field.
GLA
All monies has to be accounted for , there will be other on going operational costs as well as Oz seismic survey costs etc, they addressed most concerns on here the other day in Rns , production update on Feb, but that is still not good enough for some posters on here, you want the bod out okay where is the magic bullet , new bod to get imposed that takes time , do they have the same contacts , bod in Oz where the big potential is, those coming in would they not have to raise to get things moving quicker in USA, they have not magically lost Two million , a while ago just before nadsoilco was bought for $1.1 million dollars some posters no longer here were making similar claims as to where money was going with warrant raises , the saying the better the devil you know , we look as if we are close to turning a corner in my view we keep with them and let them improve things in the short term and see where we go from there, always easy to criticise I repeat we have been in a pandemic for the last two years , is that the bods fault too!
My opinion
Gla