Mosman Oil And Gas Share Discussion Threads

[bulgarian] 20/5/2020 19:42

Those who were buying this on the recent pump to 0.25 will be a little nervous no doubt.

The traders are having a field day no doubt.

[misterm89] 20/5/2020 19:05

Looks like now's the time to jump on the bandwagon

[spary1] 20/5/2020 18:22

Ended up on the day. Looks like orders being filled.

[244dk] 20/5/2020 13:39

Basic maths! Seems the sale of Welch hasn't gone down too well with the market either.

[whatsthepoint] 20/5/2020 07:12

Something can't fall 200% the maximum fall is 100%. If you start at 10 and go to 20 that's 100% up. If you fall back to 10 from 20 that's a fall of 50%.

[talais] 20/5/2020 07:10

$700 thousand in the bank.

[talais] 20/5/2020 07:09

Mosman Oil and Gas Limited Sale of Welch ProjectSource: UK Regulatory (RNS & others)TIDMMSMNRNS Number : 4593NMosman Oil and Gas Limited20 May 202020 May 2020Mosman Oil and Gas Limited("Mosman" or the "Company")Sale of Welch ProjectMosman Oil and Gas Limited (AIM: MSMN) the oil exploration, development and production company, announces it has agreed the sale of the Welch Project in Texas for US$300,000.Sale of Welch Oil FieldMosman has today entered into a Contract for the sale of Welch with the US based Eagle Natural Resources LLC for US$300,000 (cA$460,000).A deposit of US$30,000 has been received, and the sale will be effective on receipt of the balance of the funds which is expected to take place within 30 days.Whilst the Welch oil field is producing and has development potential, the ranking of projects in the Strategic Review identified better growth assets at Stanley and Greater Stanley. The capital from the sale of Welch will facilitate investment in these growth areas, as well as providing working capital at a time when cash flow is adversely affected by the low oil price.The gross profit from operations at Welch project for the six months ending 31 December 2019 was A$264,619. In the 30 June 2019 Financial year Welch recorded a Gross Profit of A$166,229and the carrying value of Welch at 31 December 2019 was A$500,000.John W Barr, Chairman of Mosman commented : "The intention to sell Welch was first announced in February, and the Mosman Board is pleased to have secured a buyer, notwithstanding ongoing global events."Completing the sale of Welch remains an important milestone for Mosman in the current climate and the funds will increase Mosman's cash position to almost A$700,000 and thus enable further development at Stanley and Greater Stanley where we see strong development potential."The Board remains determined to deliver value to shareholders

[kippy123] 20/5/2020 06:56

Wild trading swings 1 weeks ago up over 300 percent rest of the week it fell 200 percent from that high, Monday and Tuesday this week back up over 50 percent.
Great trading share at the minute if you time your in and outs.

[stg8123] 19/5/2020 11:31

Top gainer for the day and not one comment

[texaschaser] 18/5/2020 16:42

More life in sloath. Lifestyle company.

[grannyboy] 17/5/2020 11:42

Yes there would have been many a fool who got caught out in the spike, looks like jayminpatel1 was one of those!!

[jayminpatel1] 15/5/2020 10:17

Mms will take huge amount to sell in one go which shows they do want shares from weak holders.

[jayminpatel1] 15/5/2020 10:03

False drop when mms still offering 0.9 to sell

[iwillbe] 15/5/2020 09:27

Wonder why Georgina Energy didn't list in October after the presentation with Proactive Investor.

[jayminpatel1] 15/5/2020 09:04

Mms fishing for shares now

[jayminpatel1] 15/5/2020 09:03

Posts from someone on lse makes sense Directors in at 0.15 Company is debt freeLow mcapSale of welch pending All good pointers that this should be trading around 0.2-03

[jayminpatel1] 15/5/2020 09:02

Today 07:40So if we get the Same deal with the Chinese and both drills hit gas, it doesn't have to massive but could be, we will haves 30% across the two drills and it wouldn't have cost us a penny, Even a small success will make Stanley look small,

[jayminpatel1] 15/5/2020 09:02

To drill a well in Australia looks round about $10 milFrom Central petroleum Rns 30/04/2020EXPLORATION PROGRAMMECentral is well-advanced in planning for a major exploration programme in the Northern Territory's Amadeus Basin, consisting of five high-graded drillable prospects and two appraisal tests. The exploration programme is estimated to have a total cost of up to $50 million and targets an aggregated best estimate (P50) prospective resource of up to 321 PJ of gas (205 PJ risked mean) and 24 mmbbl of oil (9.5 mmbbl risked mean)1.Work to progress the exploration programme continued during the March quarter, finalising well designs and progressing the approvals processes required for exploration in the Northern Territory. Applications for Aboriginal Areas Protection Authority (AAPA) Certificates for the Dingo, Orange, Palm Valley-12 and Mamlambo exploration wells have been lodged.Work on the Environmental Management Plans (EMPs) for NT Government (NTG) approval of the exploration wells continues to progress and will be submitted in May 2020 to begin the 3 month government approval process

[jayminpatel1] 15/5/2020 09:01

One mention of drill in Australia and this will be well into the penny's,Crude oil nearing $29 and looks like it will move into the $30. Saudi and Russia are now pushing prices up. Couple more weeks and the Stanley drill will start turning again. And when the Chinese are onboard, this little company with no debt will look very impressive . Not to many T to cross now. GLA

[244dk] 15/5/2020 08:54

WTF? Jayminpatel are you advising here? Lol Caught with your pants down in the spike I wouldn't wonder!

[jayminpatel1] 15/5/2020 08:47

Will fly when least expected buying now could easily get 45/50% gain in a flash up to 0.15/016

[jayminpatel1] 15/5/2020 08:38

Should attract more interest from traders soon

[244dk] 15/5/2020 08:34

No need to ask what the question is spary, the post is still there. On doing a little further research however, I've answered my own enquiry. I'll expect you to keep ramping about the farm out for the next 4 months at least ;)