Mosman Oil And Gas Share Discussion Threads

[244dk] 10/3/2021 09:31

Spary (Italy) how's luckylibby (gender neutral I'm sure) working out for you? ;-)

[ford fairlane] 07/3/2021 01:43

please filter me as you desire.

I will continue to correct the false statements made by the troubled trio,

[bulgarian] 06/3/2021 19:52

244dk,

If you will engage with muppets a) you will waste life b) get beaten by experience as they drag you down to their level.

filter is the way to go & ignore the spanners, who have zero to add to your knowledge whatsoever, nor indeed the history.

No wonder they dont want to look backwards.

IMHO. ;-)

[244dk] 06/3/2021 19:18

Fact, £900,000 placing, the primary use of the funds is to drill galaxie, ground works will start immediately (oct 2020) the drill could be completed by year end (2020)

Fact, mosmans intention is to participate in at least one drill each quarter of 2021. Already more than 2/3 into Q1 and no word of any progress.

Nothing from mosman can ever be taken as factual so save your derogatory comments and let's see what the next rns states.

[ford fairlane] 06/3/2021 12:52

oh dear you can not read.

I never disputed that there was a significant change in production.

what I asked is if this was zero as you stated.

clearly you can not answer as you dont know.

Nor do I.

I get very tired of fools making up facts, and then when they are queried, they divert to another topic.

so just to be very clear, Mosman has NEVER said production at Falcon was zero.

that is Fact

[244dk] 06/3/2021 11:57

"The Falcon-1 well at the Champion project commenced commercial production in December 2020. Falcon-1 is now producing approximately 180 boepd (gross). Mosman's net production is 90 boepd (50% working interest) which is 68 boepd after royalties.

 

This is a significant well for Mosman, being both the highest gross production well and the highest working interest well in Mosman's portfolio. The net effect is that daily production rates increase significantly, at this rate more than doubling net production rates compared to the average daily rate for the six months ended 31 December 2020."

"Significant" when there's a positive spin put on it supplies more information than when "significant" is used in a negative context.

Obviously I'm making it all up. Have a great day.

[ford fairlane] 06/3/2021 09:05

excuse me SH, I never ramped, I asked a question, and I might add I identified dk just made up the facts he stated.

understanding English is not your strong point is it?

never mind no one listens to you three anyhow.

[stockhunters] 06/3/2021 08:50

244 you might aswell bang your head again

[244dk] 06/3/2021 07:39

Wait and see.

[ford fairlane] 06/3/2021 06:59

so you just made up your statement about no production?

[244dk] 06/3/2021 06:29

FF,

from past experience when mosman use the word "significant" it's always significant. In an upbeat statement it's over positive and in a downbeat statement it's always a mask to what is actually happening. The longer you're invested the more you will learn about mosman.

[ford fairlane] 06/3/2021 02:14

dk

you said

With nothing coming out of Falcon

I suspect that is a incorrect statement. As far as I have read the well is not shut in and I note that what was said by mosman is

These developments have resulted in significantly lower reported oil and gas production rates at Falcon-1

Have you seen something written from the company that says different?

[244dk] 05/3/2021 10:03

Taken from the lse bb today

"Nice to see oil on the up again... At these prices mosman are starting toake some nice return for the balance sheet... Its looking very strong IMHO..."

With nothing coming out of Falcon and Welch sold there's not much being added to the balance sheet. Delusional! Hopefully they'll inform us soon as to how long Falcon will be down.

[244dk] 05/3/2021 09:56

Thanks for sharing your opinion Nic, that's what bulletin boards are for.

[ford fairlane] 05/3/2021 06:56

Has anyone asked them?

[244dk] 04/3/2021 21:46

Bulgarian,

I would imagine with "cash in the bank and being fully funded" they'll take their salaries and consultancy fees from there. I can't see them opting for shares again when hard cash is available. That said, strange things do happen.

[bulgarian] 04/3/2021 14:27

244dk,

An interesting point. Has it been confirmed how the dynamic duo are being paid this year? That has a bearing on overhead / cash burn.

In addition, there are corporate overheads that people often forget - AIM listing / Nomad / broker (two of them presently) fees each month, etc

Yesterday's update was perhaps not what the market was looking for. Instead of some insight on what the drilling plan for 2021 might look like, it got presented with more issues at Falcon.

The market hates uncertainty, which has been proved here for years.

[stockhunters] 04/3/2021 14:16

how can water and a significant decrease in pressure at their flagship drill be good

[244dk] 04/3/2021 13:37

Welch sold, duff producing almost nothing the Stanley's alone can't finance the company. Overheads including wages and consultancy fees are high and this company burns money as if it's going out of fashion ( probably is by the way). However, if you see it differently that's fine.

[ford fairlane] 04/3/2021 12:56

I am sorry, it is just not the way I see it.

[244dk] 04/3/2021 08:51

FF,
I didnt say the issues at Falcon had caused a placing. I said that the placing that you suggested might take place in October will in all likelihood happen much sooner.

[ford fairlane] 04/3/2021 02:43

I just saw this news.

I am not worried at all, production issues happen all the time. Normally this sort of stuff would not even be reported.

I guess they had to given the proportion of the production that Falcon represents.

hopefully back to normal in a couple of weeks.

I dont see how this causes a placing dk.