PLUS1
| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Mosman Oil And Gas Limited | LSE:MSMN | London | Ordinary Share | AU0000XINET1 | ORD NPV (DI) |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.005 | 3.03% | 0.17 | 0.16 | 0.17 | 0.1675 | 0.165 | 0.165 | 52,249,394 | 16:35:06 |
| Industry Sector | Turnover (m) | Profit (m) | EPS - Basic | PE Ratio | Market Cap (m) |
|---|---|---|---|---|---|
| Oil & Gas Producers | 1.2 | -3.9 | -0.4 | - | 4 |
Mosman Oil and Gas Limited Updated Six Monthly Production
23/02/2021 10:03am
UK Regulatory (RNS & others)
Mosman Oil And Gas (LSE:MSMN)
Historical Stock Chart
From Jan 2021 to Feb 2021
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RNS Number : 0361Q
Mosman Oil and Gas Limited
23 February 2021
23 February 2021
Mosman Oil and Gas Limited
("Mosman" or the "Company")
Updated Six Monthly Production
Mosman Oil and Gas Limited (AIM: MSMN) the oil exploration, development, and production company, announces an updated production summary for the six months ended 31 December 2020, following receipt of additional production data on its Falcon and Arkoma projects in the USA.
The original report, announced on 14 January 2021, was based on data available at that time from the operators of each project. Net Production attributable to Mosman for the six months now stands at 9,871 boe (compared to 8,650 boe as previously announced).
Production Details
6 Months to 6 Months to 6 Months to 6 Months to
31 December 31 December 31 December 31 December
2020 2020 2020 2020
UPDATED ORIGINAL UPDATED ORIGINAL
Total Project Total Project Net Attributable Net Attributable
============= ============= ================ ================
Gross boe Gross boe Net boe Net boe
============= ============= ================ ================
Falcon* 2,191 - 1,096 -
============= ============= ================ ================
Stanley 24,982 24,982 3,984 3,984
============= ============= ================ ================
Greater Stanley 936 926 187 185
============= ============= ================ ================
Arkoma 615 - 123 -
============= ============= ================ ================
Welch** 5,845 5,845 4,481 4,481
============= ============= ================ ================
Total boe 34,569 31,753 9,871 8,650
============= ============= ================ ================
Net production means net to Mosman's working interest before royalties
* Falcon production started on 11 December.
** Welch has now been sold
John W Barr, Chairman of Mosman commented : "The updated production report shows the significant benefit of Falcon-1 production, noting that Mosman only benefitted from production from 11 December 2020. With drilling planned at Stanley, Champion and/or Challenger projects we anticipate further increases to our production in the coming months and have an objective to be involved in at least four new wells in 2021 subject to funding and other matters."
Qualified Person's Statement
The information contained in this announcement has been reviewed and approved by Andy Carroll, Technical Director for Mosman, who has over 35 years of relevant experience in the oil industry. Mr. Carroll is a member of the Society of Petroleum Engineers.
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.
Enquiries:
Mosman Oil & Gas Limited NOMAD and Joint Broker John W Barr, Executive Chairman SP Angel Corporate Finance LLP Andy Carroll, Technical Director Stuart Gledhill / Richard Hail jwbarr@mosmanoilandgas.com / Adam Cowl acarroll@mosmanoilandgas.com +44 (0) 20 3470 0470 Alma PR Joint Broker Justine James Monecor (London) Ltd trading as +44 (0) 20 3405 0205 ETX Capital +44 (0) 7525 324431 Thomas Smith mosman@almapr.co.uk +44 (0) 20 7392 1432
Updates on the Company's activities are regularly posted on its website: www.mosmanoilandgas.com
Technical Glossary
BBLs or bbls Barrels
BOPD or bopd barrels of oil per day
===============================================
BOEPD or boepd barrels of oil equivalent per day calculated
on the approximate 1:6 basis of the calorific
value of the hydrocarbons, (not based
on the price)
===============================================
MMCFPD or mmcfd Million cubic feet per day
MMBTU
Million British Thermal Units
===============================================
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END
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February 23, 2021 05:03 ET (10:03 GMT)
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