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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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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.

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Mosman shares surge on logging at Cinnabar

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17 Oct 2022 14:39

Mosman upbeat on recent US production

(Sharecast News) - Oil and gas explorer, developer and producer Mosman said on Monday that its US production showed steady increases across its projects in its first quarter, except for the Falcon well, which was currently shut-in pending a review.

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17 Oct 2022 12:03

Mosman Oil & Gas produces less oil due to halt at Falcon

(ALliance News) - Mosman Oil & Gas Ltd on Monday said it produced and sold less oil in the quarter to September 30 than in the quarter before, as production at Falcon is currently halted.

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IN BRIEF: Mosman shares up as spudding of Texas well begins

Mosman Oil & Gas Ltd - oil projects in US and Australia - Begins drilling at Cinnabar-1 well in Tyler County, Texas. Says the Cinnabar well is planned for a vertical depth of 9,900 feet. The primary targets are the Wilcox sands, which produce oil and gas in nearby wells, it notes. Expects the drilling to take around two weeks. Mosman holds a 75% working interest in the well and is the operator.

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19 Sep 2022 14:47

IN BRIEF: Mosman says spudding of Texas well delayed to end of month

Mosman Oil & Gas Ltd - oil projects in US and Australia - Reports further delay to spudding of Cinnabar-1 well in Tyler County, Texas by the contracted drilling company. Says all site preparation is complete, and drilling will start once the rig arrives, now expected in the last week of September. Mosman holds a 75% working interest in the well and is the operator.

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14 Sep 2022 14:29

IN BRIEF: Mosman expects Cinnabar-1 drilling to begin in seven days

Mosman Oil and Gas Ltd - Sydney-based oil and gas company with projects in Australia and the US - Mosman expects drilling to begin at the Cinnabar-1 well in Texas in seven days. This remains subject to rig availability. Mosman owns a 75% working interest in the well.

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8 Aug 2022 19:19

IN BRIEF: Mosman reports rise in full-year production

Mosman Oil & Gas Ltd - Sydney-based oil and gas company with projects in Australia and the US - Says net production for financial year ended June 30 37,915 barrels of oil equivalent, a 66% year-on-year increase. Production for June quarter was 8,815 net, up 73% on a year before. "Workovers completed after 30 June 2022 have already increased daily production from the June quarter, with the Stanley-4 well that was producing gas now producing oil (rates yet to stabilise, have been as high as 64 bopd gross)," it says.

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