Mosman Oil And Gas Share Discussion Threads

[244dk] 26/5/2021 22:30

Have you been on the wine spary? Not sure what you're getting at ref upfront payments for ep145. It's just a guess but I'd suggest that the £1.5m is ring fenced for the works/development of ep145. That doesn't leave a lot in the bank for operating costs, acquisitions, drills, workovers etc

[spary1] 26/5/2021 19:59

244dk, deepends how much money has been paid upfront for EP145, have no idea how it works with upfront payments but wouldn’t be wanting to do work and then bill those figures at the end.

[stockhunters] 26/5/2021 14:21

it is coming upto 3 months

[244dk] 26/5/2021 10:38

$2.7m of that $3.5m was from the ep145 raise.

[ford fairlane] 26/5/2021 10:22

Suspect all you like, The 6 monthly report said 3,5 m dollars in the bank at the time of release.

That is only a month or so ago, so they certainly have not spent that yet

[244dk] 26/5/2021 10:18

Before you get too high brow classic car, I would suspect that what was left of the funds for galaxie are quickly running out. With the lack of production updates, welch having been sold etc, I don't think SH is too far off the mark. Time, as they say, will tell.

[ford fairlane] 26/5/2021 10:01

yes indeed SH, that's your placing is coming post for this week?

only another 52 weeks to get it correct

[244dk] 26/5/2021 08:52

It will take some balls to place again so soon SH. £900,000 raised for galaxie last October (still no drill) and more recently £1.5m raised for ep145. I suspect the ambitious drilling programme and the 700% production increase will be put to one side. Oil seems secondary while they follow the helium path.

[stockhunters] 26/5/2021 08:15

still no drill news on falcon or galaxie

[talais] 25/5/2021 14:47

Have a look at the share holders stakes in company https://www.companysearchesmadesimple.com/company/uk/11954589/georgina-energy-plc/#people

[tradedesk1] 25/5/2021 14:34

In order to advance the two projects to their next stages, Georgina Energy will
seek to raise capital via an IPO, listing on the Standard board of the LSE in Q3
2021. The IPO will target a minimum capital raise of £5.0m, which will be used to
develop the projects.

[tradedesk1] 25/5/2021 14:34

EP155 – Mt. Winter
In the Amadeus Basin in the Northern Territory, Westmarket Oil & Gas (100%
owned subsidiary) holds a Farm-in with Mosman Oil & Gas to earn up to 90%
interest, with management control, in the EP155 property at Mt. Winter, a project
area covering c.230,000 acres. A pre-existing well has been drilled to a depth of
2,650m but has not yet been extended deep enough to penetrate the sub-salt
helium horizon.
Potential for helium, hydrocarbons, and
hydrogen at Mt. Winter
Key aspects of the property include:
• Independent consultants have identified the necessary elements for the
formation of substantial helium, and potential charged structures to host 75
BCFG of helium at P50. This volume of helium has an in-situ value of US$21bn
at a price of US$280 per MCF.
• Additionally, potentially around 1.5 TCFG of P50 recoverable hydrocarbons.
• Around 165 BCFG of hydrogen may also be present, which could offer an
additional revenue stream.
• Mapped seismically defined structural closure in the Mt Winter prospect
hosted by EP 155 has been evaluated totalling some 3,200 acres.
Georgina Energy has an initial programme to complete seismic studies and
then re-enter and deepen the existing well to develop the subsalt helium (and
potentially hydrogen) resources.
Commercialisation
Both properties are situated within reach of existing infrastructure which could
help support the route to commercialisation.

[244dk] 25/5/2021 12:58

I think that there are a few on lse need to get their facts right. 155 is an EPA not an EP, there's nothing huge in discovery reported by central etc, etc. There's no guarantee that Georgina will get their ipo away (it's a probable though). The usual suspects ;-)

[244dk] 24/5/2021 11:54

Isn't this their 2nd attempt at an IPO (2019). Will be interesting to see if this develops into anything meaningful in Q3 2021.

[spary1] 24/5/2021 10:06

Just see this, great news for progressing the helium plays

[ford fairlane] 24/5/2021 08:39

I am not as impressed as others about Georgina

[talais] 23/5/2021 16:26

The two Georgina Energy projects have combined potential helium resources of P50 180 BCF (P50 is a gas industry term indicating a 'middle case' estimate). This volume of helium has an in-situ value of around US$50bn at a price of US$280 per MCF. Based on these figures the Georgina projects have potential to become a globally important source of helium.

[talais] 23/5/2021 16:25

IPO in Julyhttps://charlesstreetsecurities.co.uk/Resources/Georgina1.pdf

[bulgarian] 21/5/2021 21:59

bouncers, Yorkers everyone a corker.