Mosman Oil And Gas Share Discussion Threads

[bulgarian] 10/9/2020 14:17

It is just that potential dilution. at this stage it's impossible to assess what gets taken up. From memory, the one the other day was the first ever, and those guys probably flipped for a quick %.

Whoever they were? ;-)

[244dk] 10/9/2020 13:58

Bloody hello, just shows how people (I include spary in that) don't understand how some warrants work and the potential further dilution of shareholders funds. Duh!

[bulgarian] 10/9/2020 11:52

Talais / Soulac,

That must be one of the contenders for the 2020 BB Moron Statement of the Bleedin' Obvious Award..

;-)

[244dk] 10/9/2020 11:24

5p that's dreamland lol!

[talais] 10/9/2020 11:04

These will be cancelled next month RNS Number : 9696DMosman Oil and Gas Limited30 October 201530 October 2015Mosman Oil and Gas Limited("Mosman" or the "Company")Update on STEP AcquisitionGBP1.47m Financing with US Institutional InvestorsMosman Oil and Gas Limited (AIM: MSMN), the New Zealand and Australia focussed oil exploration and development company, is pleased to provide an update on progress on the South Taranaki Energy Project ('STEP') in New Zealand along with an announcement of a GBP1.47 million financing with US institutional investors.As outlined previously, Mosman has completed a strategic review on the STEP assets and identified 12 low cost value add projects that can be accelerated to increase production. The operations team continues preparation for drilling at Murchison, and will now start to identify and purchase long lead items.The opportunity for Mosman to raise funds arose and it has entered into agreements with US institutional investors for the placement ("Placement") of 36,822,466 new ordinary shares ("New Ordinary Shares") at 4.00p per share. Additionally, for every two shares issued, the institutional investors will also be granted one warrant which may be converted on or before the five year anniversary of the issuance date into new ordinary shares at a price of 5.00 pence per share. The gross proceeds to Mosman from the sale of the ordinary shares and warrants will be GBP1.47 million (before expenses).Rodman & Renshaw, a unit of H.C. Wainwright & Co., acted as the exclusive placement agent for the Placement. Kariba Capital, a division of Trump Securities Securities, LLC, acted as US financial adviser to Mosman for the Placements.

[244dk] 10/9/2020 10:53

There seem to be lots of warrants still to be exercised. Some at 0.15p and others at 0.23p. Unless I've misinterpreted the RNS from early july from the placing where 500,000,000 new shares were issued alongside 1 warrant exerciseable at 0.15p. I've not read anything to the contrary but obviously I'm open to being corrected.

[bulgarian] 10/9/2020 10:32

244dk,

Are you sure that there are 500m warrants still available for conversion?

And at what price? Obviously the recent conversion is just a quick flip for a quick %.

[244dk] 10/9/2020 09:57

If the rest of the 500,000,000 warrants are exercised at 0.15p that would take the shares in issue to 2 billion. If that's not dilution spary, tell me what is?

[244dk] 10/9/2020 07:47

Average down? I've witnessed placing after placing, dilution on top of dilution. You need confidence in a company to continually throw money at it, results up until now don't instill confidence.

[nicosevos] 10/9/2020 07:36

Increase your holding....Buy some more......
gla

[244dk] 09/9/2020 21:55

Spary hits the default button of multi id and damage to mosman from posts. Grow up spary, if anyone thought that was true don't you think mosman or lse would have done something about it by now. Spary, you have probably lost people a shed full of money with your continual ramping of a minor oil company as its share price nose dived from over 30p to at one 0.04p. I don't doubt that those who got in at the bottom or thereabouts will make money but those, like myself, who bought at over 1p will probably not see any profit on their investment.

[bulgarian] 09/9/2020 19:49

Paul996,

Why don't you F off and try and get something right on the CLP BB instead son.

Looks like that needs some of your special cut & paste ramping expertise?

;-)

[bulgarian] 09/9/2020 18:02

What's another 50-odd million with 1.5BN-ish already in circulation? Interesting that there was no mention of who was taking up the warrants...

Another production hiccup @ Stanley 1 won't be helping the coffers one bit, so the warrant exercise was probably welcome relief to the dynamic duo.

Roll on the next exciting blockbuster update..

[244dk] 09/9/2020 17:19

Someone will tell me if I'm wrong but with the exercise of warrants at 0.15p my understanding is that the company has to issue 52m new shares which further dilutes the holding of existing share holders. Doesn't sound like such a great deal?

[talais] 09/9/2020 13:33

Mosman Oil and Gas Limited Warrant ExerciseSource: UK Regulatory (RNS & others)TIDMMSMNRNS Number : 5059YMosman Oil and Gas Limited09 September 20209 September 2020Mosman Oil and Gas Limited("Mosman" or the "Company")Warrant ExerciseMosman Oil and Gas Limited (AIM: MSMN) the oil exploration, development, and production company, announces that it has received notification to exercise warrants over a total of 56,250,000 new Ordinary Shares of no par value in the share capital of the Company (the 'Warrant Shares') at a price of 0.15 pence per share.The funds from the exercise of the warrants of circa AUD 155,000 will be added to Mosman's existing cash reserves, while the immediate focus remains on drilling and workovers.Total Voting Rights

[nicosevos] 09/9/2020 09:15

Wednesday 09 September, 2020

Mosman Oil & Gas
Stanley-4 and Falcon Drilling update
RNS Number : 4707Y
Mosman Oil and Gas Limited


Mosman Oil and Gas Limited

("Mosman" or the "Company")


Stanley-4 and Falcon Drilling update



Mosman Oil and Gas Limited (AIM: MSMN) the oil exploration, development, and production company, announces that the Stanley-4 well was spudded on 4 September 2020 during the US Labor day long weekend. Stanley-4 is drilling ahead at a last reported depth of 2,980 feet. Target depth of the well is 5,100 feet.



At Stanley-1, the first workover rig and crew did not meet the Operator's stipulated criteria therefore another workover rig will be deployed to conduct the workover in due course.



At Falcon-1, the rig move is expected to start in the next few days and the well is anticipated to spud next week. Drilling the well is still scheduled to be completed this month.



John W Barr, Chairman, said: "We are pleased to see drilling at Stanley-4 underway and keen to get the right quality of rig on site at Falcon so we can start drilling soon. There is considerable enthusiasm from the team to get wells completed and obtain test results. We look forward to updating shareholders in due course."