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Pin to quick picksMosman Oil Gas Share News (MSMN)

Share Price Information for Mosman Oil Gas (MSMN)

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Share Price: 0.04
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Change: 0.001 (2.56%)
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Mosman Oil & Gas Interim Loss Narrows As US Assets Produce Revenue

Thu, 29th Mar 2018 14:24

LONDON (Alliance News) - Mosman Oil & Gas Ltd said Thursday its interim loss narrowed after it generated revenue in the period, as its US assets all started generating cash flow.

For the six months ended December 31, pretax loss narrowed to USD731,046 from USD848,398 the year prior. This was after Mosman generated USD156,522 in revenue from nothing the year prior.

"The second half of the year started well with the USA assets all generating cash flow due to production improvements, lower costs and higher oil prices," Mosman said in a statement. "The strategy of acquiring oil production assets when oil prices were low is proving to be sound given recent increases in both oil production and the oil price, and we look forward to building on the platform we have now established for the business."

Shares in Mosman were 2.5% lower at 0.78 pence on Thursday.

More News
16 Feb 2024 14:31

Mosman reports uptick in production at Stanley project

(Sharecast News) - Hydrocarbon, helium and hydrogen explorer, developer and producer Mosman Oil and Gas announced a substantial uptick in production at its Stanley project in the United States on Friday.

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16 Feb 2024 12:18

IN BRIEF: Mosman Oil & Gas says Stanley project gross production rises

Mosman Oil & Gas Ltd - Oil exploration, development, and production company with projects in the US and Australia - Says gross production at its Stanley project in the US has increased to around 93 barrels of oil per day, a "material improvement" from quarter gross average flow rate of 43 bopd the firm reported in December. Says this has been achieved following a period of production equipment reconfiguring and optimisation, including the installation of surface and downhole equipment to boost production with jet pumps.

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2 Feb 2024 15:21

Mosman raises £0.3m to bolster working capital

(Sharecast News) - Mosman Oil and Gas had raised £0.3m, it announced on Friday, through the placing of 2,400,000,000 shares.

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2 Feb 2024 10:44

Mosman Oil & Gas down after discounted fundraise for Amadeus licences

(Alliance News) - Shares in Mosman Oil & Gas Ltd sank after the company announced GBP300,000 placing offer, but the company said that the proceeds were required for two northern Australian licences.

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31 Jan 2024 15:27

UK shareholder meetings calendar - next 7 days

Thursday 1 February 
Cerillion PLCAGM
Keystone Positive Change Investment Trust PLCAGM
Sage Group PLCAGM
Friday 2 February 
Tectonic Gold PLCAGM
Monday 5 February 
no events scheduled 
Tuesday 6 February 
Blackrock Frontiers Investment Trust PLCAGM
Qinetiq Group PLCGM re share buyback authorisation
Ten Lifestyle Group PLCAGM
Wednesday 7 February 
Asos PLCAGM
eEnergy Group PLCGM re disposal of Energy Management division
Future PLCAGM
Mosman Oil & Gas LtdEGM re director participation in placing
Premier Miton Group PLCAGM
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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23 Jan 2024 11:51

Mosman Oil extends termination date for farm-in agreement

(Alliance News) - Mosman Oil & Gas Ltd on Tuesday said it has agreed to amend the farm-in agreement, extending a termination date.

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15 Jan 2024 12:02

Mosman lodges EP 145 asset environment plan for approval in Australia

(Alliance News) - Mosman Oil & Gas Ltd on Monday said it has lodged an environmental management plan to the Northern Territory government in Australia for its EP 145 project.

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6 Dec 2023 10:56

Mosman Oil & Gas shares rise on improved production at Stanley

(Alliance News) - Mosman Oil & Gas Ltd on Wednesday celebrated improved production at the Stanley project in the US, after recent work revamping the site.

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29 Nov 2023 14:30

EARNINGS AND TRADING: Northern Bear boosts profit, Esken loss widens

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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8 Nov 2023 15:25

Mosman Oil & Gas revenue ticks up despite "challenging" year

(Alliance News) - Mosman Oil & Gas Ltd on Wednesday said its loss narrowed and revenue ticked up, despite a "challenging" year..

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6 Nov 2023 12:04

LONDON MARKET MIDDAY: Tepid start to new week as investors take stock

(Alliance News) - London's FTSE 100 drifted marginally lower heading into Monday afternoon in uncertain trade as investors reassess the near-term outlook for equity markets after a bullish week for stocks last week.

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6 Nov 2023 11:36

Mosman Oil & Gas production down as Cinnabar and Stanley fall short

(Alliance News) - Mosman Oil & Gas Ltd on Monday said production fell in the third quarter as low production from its Cinnabar and Stanley wells dragged the figures downward.

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16 Oct 2023 11:27

IN BRIEF: Mosman shares surge on Greenvale farm-in agreement

Mosman Oil & Gas Ltd - Sydney-based, Australia and US-focused oil and gas company - Signs farm-in agreement with Greenvale Energy Ltd subsidiary Greenvale Gold Pty Ltd, to fund seismic and drilling on Mosman's EP 145 project in Australia's Northern Territory. Mosman will retain a 25% working interest in EP 145, while Greenvale will earn a 75% interest. Greenvale will pay AUD160,000 cash within five days of completion, and fund the project's Year 3 and Year 4 Work Programs.

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7 Sep 2023 13:59

Mosman Oil & Gas shares jump as transfers Falcon exploration lease

(Alliance News) - Mosman Oil & Gas Ltd shares jumped on Thursday, after it said it has completed an evaluation on further workovers at Falcon-1 in the US, which has been shut in this year, and determined not to invest additional resources in this project.

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6 Sep 2023 18:01

Mosman Oil & Gas reports to Australia local government on EP 145 block

(Alliance News) - Mosman Oil & Gas Ltd on Wednesday said it has lodged a report with the Northern Territory government in Australia on the third year of its exploration block EP 145 in the Amadeus basin.

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