Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksMosman Oil Gas Share News (MSMN)

Share Price Information for Mosman Oil Gas (MSMN)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 0.04
Bid: 0.038
Ask: 0.042
Change: 0.001 (2.56%)
Spread: 0.004 (10.526%)
Open: 0.0405
High: 0.0405
Low: 0.039
Prev. Close: 0.039
MSMN Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

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
4 Sep 2023 11:32

Mosman Oil & Gas loses chair Barr and non-executive director Young

(Alliance News) - Mosman Oil & Gas Ltd on Monday said John Barr will depart as chair at the end of the month, as the company also provided an update on its business plan.

Read more
11 Aug 2023 15:08

Mosman puts fall in production down to US operational challenges

(Sharecast News) - Energy explorer, developer and producer Mosman Oil and Gas updated the market on its production for the year ended 30 June on Friday, and on its ongoing developments in the United States.

Read more
11 Aug 2023 09:54

IN BRIEF: Mosman Oil & Gas annual net production falls following halt

Mosman Oil & Gas Ltd - Sydney-based oil and gas company, with projects in Australia and the US - Says for the year ended June 30, net production fell by 18% to 31,067 barrels of oil equivalent from 37,915 barrels of oil equivalent a year prior, due to a halt in production at the Falcon-1 well in east Texas due to water ingress. Total gross project production grew by 6.2% to 86,933 barrels of oil equivalent from 81,876 barrels of oil equivalent the year before.

Read more
17 Jul 2023 19:35

Mosman Oil & Gas confirms details of EP 145 heads of agreement

(Alliance News) - Mosman Oil & Gas Ltd on Monday provided investors with further details on a potential partnership for helium production.

Read more
17 Jul 2023 16:36

Mosman confirms details of tentative helium agreement

(Sharecast News) - Explorer and producer Mosman Oil and Gas confirmed a potential partnership for helium production in Australia's Amadeus Basin on Monday.

Read more
13 Jul 2023 15:46

Mosman Oil & Gas shares down on GBP300,000 discounted placing

(Alliance News) - Mosman Oil & Gas Ltd on Thursday said it has raised GBP300,000 through a placing of 857.1 million new shares at a price of 0.035 pence per share.

Read more
6 Jun 2023 10:58

IN BRIEF: Mosman Oil production down in US but in line with estimates

Mosman Oil & Gas Ltd - New South Wales, Australia-based oil exploration, development and production company with operations in Australia and the US - Says US output continuing in line with internal estimates. Gross production at all US sites in April was 6,915 barrels of oil equivalent and 2,936 barrels net to Mosman. Gross production daily average was 232 barrels of oil equivalent per day, while net daily average was 101 barrels per day. Net production daily average was down 24% from 133 barrels per day. Mosman attributes this to workovers at First Wilcox zone at Cinnabar lease in East Texas, in which it has a 75% working interest. Workover on April 25 isolated First and Second Wilcox zones with a cement retainer; First Wilcox has flowed intermittently since then. Further workovers are planned to optimise production. A lightning strike at Stanley project in early May caused minor loss of production while damaged equipment was replaced. Arkoma stacked pay project in Oklahoma remains for sale. Cash at May 31 was around AUD1.2 million, or roughly USD798,400.

Read more
5 Jun 2023 14:24

IN BRIEF: Mosman Oil & Gas gets government grant for soil sampling

Mosman Oil & Gas Ltd - New South Wales, Australia-based oil exploration, development and production company - Says its application to the Northern Territory Government Geophysics & Drilling Collaborations programme has been successful. Says its subsidiary, Trident Energy Pty Ltd has been awarded a EP 145 grant of 50% of costs capped at AUD50,000, or about GBP26,673 for the targeting of hydrogen and helium using soil sampling to advance exploration activity. Says the target is to determine if hydrogen or helium can be detected at surface. Expects the work to start later this year.

Read more
2 Jun 2023 19:58

IN BRIEF: Mosman Oil & Gas updates on strategy; to review permits

Mosman Oil & Gas Ltd - New South Wales, Australia-based oil exploration, development and production company - Appoints SRK (Australia) to undertake an independent review of EP 145 and EPA 155 with the first task the preparation of a valuation and status reports. EP 145 and EPA 155 are permits owned and operated by Mosman in Northern Territory, Australia.

Read more
5 May 2023 21:52

TRADING UPDATES: Mosman seeks separate London listing for some assets

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

Read more
27 Apr 2023 17:02

TRADING UPDATES: Ceiba net asset value down, up for Asia Dragon Trust

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

Read more
26 Apr 2023 19:27

TRADING UPDATES: Mosman output up; Uru notes drilling at Zeb project

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

Read more
18 Apr 2023 19:59

TRADING UPDATES: Terance Butler sells shares in Ocean Harvest

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

Read more
17 Apr 2023 17:43

TRADING UPDATES: Eqtec enters deal; Fulcrum buys 42 mining claims

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

Read more
6 Apr 2023 16:38

Mosman Oil & Gas raises GBP300,000 through discounted placing

(Alliance News) - Mosman Oil & Gas Ltd on Thursday said it has raised GBP300,000 by way of a placing of 545.5 million new shares at a price of 0.055 pence per share.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.