Mosman Oil And Gas Share Discussion Threads

[dicko80] 06/10/2024 10:34

Spoke with AC last night

The prospective resources for the 5 drills are of similar size to blue star , they (BS) range from 643mmcf to 4.4BCF for each prospect 2U (P50)



Blue star drilled in oct 22 and most recently June 24



The wells drilled achieved very high flow rates, over 400mcfd, so assuming similar outcomes (same licence area)

It sounds like they want to sort the production issues at cinnabar to maximise sale value ...

mention of “significant value” in the interview recently at approx 4mins



confirmed reserves price per bbl, general rule of thumb , range from $6-$12 per bbl dependent on a number of variables , so you can understand why they want to sort the production issues as this could release "significant value" with 1.6mmboe reserves vs low current mkt cap

So lots of potential newsflow this quarter to create value from these levels

5x Wells to be drilled

Helium acquistions

Cinnabar update

Oz formal farmout completion

[dicko80] 06/10/2024 09:14

270m bought in last 30mins

04-Oct-24 16:34:53 0.03555 100,000,000 Unknown* 35.55k O
04-Oct-24 16:01:11 0.0357 40,000,000 Unknown* 14.28k O
04-Oct-24 16:28:42 0.0358 754,217 Buy* 270.01 O
04-Oct-24 16:28:42 0.0357 10,000,000 Buy* 3,570 O
04-Oct-24 16:27:28 0.0358 1,382,681 Buy* 495.00 O
04-Oct-24 16:26:44 0.0358 2,268,212 Buy* 812.02 O
04-Oct-24 16:25:51 0.0358 2,766,762 Buy* 990.50 O
04-Oct-24 16:24:57 0.0357 15,000,000 Buy* 5,355 O
04-Oct-24 16:24:32 0.0357 11,451,120 Buy* 4,088 O
04-Oct-24 16:24:29 0.0357 15,000,000 Buy* 5,355 O
04-Oct-24 16:23:55 0.0357 30,000,000 Buy* 10.71k O
04-Oct-24 16:23:38 0.0357 30,000,000 Buy* 10.71k O
04-Oct-24 16:01:24 0.0357 15,000,000 Buy* 5,355 O
04-Oct-24 15:46:14 0.0357 746,862 Buy*

[dicko80] 04/10/2024 13:22

Couple of chunky trades and a tick up ;-)

[oil be there] 03/10/2024 11:42

EPA 155 Approval granted by Gov - RNS imminent?https://x.com/jme2020/status/1841725837676040195

[dicko80] 03/10/2024 08:50

Nice buying

[dicko80] 03/10/2024 07:47

Thanks jungmana

Looking at trades yesterday afternoon, anything over 10m was at a premium

12m, 15m, 45m went through 0.03585

0.033 - 0.035

5 drills imminent with helium grade upto 10% in proven helium fairway with high flow rates

[divmad] 03/10/2024 07:20

It will still be listed this time next year. There are always suckers willing to part with their hard earned cash in return for zilch.

[scepticalinvestor] 03/10/2024 07:19

If this is still listed in a year I will be amazed.Utter bargepole

[jungmana] 03/10/2024 07:09

GEX update on Mt Winter    Approval EPA155: Following our positive meeting with the traditional landowners and the CLC on 11th September, we expect to receive formal confirmation on the outcome for the EPA155 application shortly. In anticipation of the successful outcome, Georgina has engaged independent consultants to reprocess the 2D seismic data.

[dicko80] 02/10/2024 11:19

5 wells to drilled Q4

Limited info released by the company so let’s look what’s out there in the public domain

Blue star our neighbours

P50 net recoverable 14BCF

P10 net recoverable 24BCF



Blue star drilled in oct 22 and most recently June 24



The wells drilled achieved very high flow rates, over 400mcfd, so assuming similar outcomes (same licence area)

Low exploration costs ✔️

High flow rates ✔️

High helium grade ✔️

High helium price ✔️

The wells are extremely low cost for our share $250k each, the dynamics based on historic flow rates and known high grade helium make it a compelling investment with IRR of the charts

Do the math on cashflow

🚀💰💥

[dicko80] 02/10/2024 08:27

Nice little shake

Remember they also farmed out Ep145 for AUD$5.5m work programme

[dicko80] 02/10/2024 07:47

Yea 5 wells to be drilled October - December in proven helium fairway, grades upto 10%

[jungmana] 02/10/2024 07:18

For GBP 7 million market cap today you get cash of nearly GBP 3 million,2 huge helium and hydrogen projects in Oz in EP155 and EP145,Vecta helium project in Colorado, USA with drilling commencing this month.And a new project to be added soon.

[jungmana] 02/10/2024 07:17

The total cash position of msmn must be near £3 million soon.They had about £1 million before the recent fundraise of £1.5 million and now receiving $500k this week.Good firepower.

[bri15] 02/10/2024 07:16

thehitman1 if you refering to me be very careful little boy.

[dicko80] 02/10/2024 07:10

Completion of sale

2 October 2024


Mosman Oil and Gas Limited
("Mosman" or the "Company")

Completion of Sale of Oil Assets
Funding the focus on helium

Mosman Oil and Gas Limited (AIM: MSMN) the helium, hydrogen and hydrocarbon exploration, development, and production company, is pleased to announce that it has completed the sale of its interest in Nadsoilco LLC for a consideration of up to US$1.75 million.

Further to the RNS dated 10 June 2024 ("Initial Announcement"), Nadsoilco LLC owns the working interest in leases at Stanley, Greater Stanley and all of Mosman's interests located in Polk County, Texas, USA.

These leases are currently operated by Mosman and the sale will free up management resources to focus on helium exploration.

The proceeds of the sale will increase working capital, to be used for funding the recently acquired interest in the Vecta Helium Project in Colorado, where the drilling of five planned helium wells is due to commence this quarter, and other helium exploration and production opportunities are being evaluated.

Helium business development in the USA is progressing apace, further supported by the appointed of Tim Rynott, an experienced helium consultant. Tim is based in Colorado, USA where Mosman's Vecta project is based and he has a wealth of experience and contacts in the helium sector. Tim has been working with Howard McLaughlin, Mosman's head of US operations, and they are currently assessing and negotiating multiple helium acquisition and farm-in opportunities.



Nadsoilco LLC Sale

The buyer of Nadsoilco LLC, RCM Tech Solutions LLC, has experience in operating oilfields and will take over operatorship of Nadsoilco LLC's leases.

The consideration for Nadsoilco LLC is up to US$1,750,000. The initial payment has been amended from the terms set out in the Initial Announcement to US$500,000 ("Initial Payment") to be followed by further payments as follows: two cash payments of US$250,000 each would be paid within 10 days of the end of June 2025, and June 2026 if the gross production rate average for each intervening period is greater than 150 bopd ("Conditional Payment") and three additional US$250,000 payments upon achieving gross aggregate production milestones of 100,000 bbls, 200,000 bbls and 300,000 bbls of oil from the effective date of completion of 1 July 2024.

The 150 bopd is lower than the 185 bopd gross production achieved from these assets during the most recently announced quarter's production to 30 June 2024, and is less than the assets have produced in the past. The current production rate is between 100 and 150 bopd as several wells are shut-in pending workovers. Each of the two Conditional Payments may be reduced by a portion of expenditure on abandonment costs in that period. Mosman does not anticipate any such reduction to exceed the cost of the abandonment of one well, which is estimated to be approximately US$50,000 (gross).

The Initial Payment is due to be received by 5 October 2024.


Andy Carroll, CEO of Mosman commented: "We are pleased to deliver on our goal of commercialising the majority of our existing portfolio of oil and gas assets in the United States by this sale as we seek to take advantage of compelling growth opportunities for Mosman in the helium sector.

"We see great growth potential in helium, as demonstrated with our commitment and progress at EP 145 in Australia and the newly acquired interest in the Vecta Helium Project in USA which offers the proven presence of helium and the low cost of shallow exploration and production wells.

"This sale demonstrates our commitment to deliver on our corporate strategy to achieve growth by focusing on helium opportunities, where we are able to leverage our helium exploration expertise gained over several years in Australia to identify and acquire proven low-cost helium projects.

"Looking ahead, Mosman intends to continue to seek to commercialise its oil and gas assets while pursuing growth opportunities for helium and hydrogen projects."

[bri15] 01/10/2024 15:56

Small tree shake there allowed me to top up , might be RNS in morning,lots of big buys indicate that.

[jungmana] 01/10/2024 14:52

Looks like the placing overhang is gone.

[dicko80] 01/10/2024 14:24

0.037 about to go

[dicko80] 01/10/2024 13:38

Buys picking up

[dicko80] 01/10/2024 13:38

Buys picking up

[dicko80] 01/10/2024 12:38

Tricky buying online

Looks set for a move north

[letsbuy1] 01/10/2024 12:18

Massive order in expext 0.040 to be breached

[letsbuy1] 01/10/2024 12:01

Wow can sell 60 million 0.355
Its about to blow