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From the assays. Running 2 drills since August surely you would not dril more holes if you know there is no gold down there.. The company should at min fast track the results and inform the market there is gold down there and we are drilling further to prove up how much there is.. Proving up is the size of the field how far it extends across our acreage.
I agree no bonuses for them at all. Next year when we are profitable making progress and share price improvement then yes else no. I'm sorry jb you get paid a lot for what you do without success. Next AGM if all goes well. You still are not corporately profitable after mentioning that several times over the last couple of years.
Another RNS they certainly are coming one by one.. Last qtr update next would be good and revenue from it.. Plus GE IPO official date as we have 25% jv with them.. They are our JV partner. Plus flow rates from Cinnibar expected 120 bopd
Agree for Aus central land council have done the survey after year now just need approvals before seismic can run over it to drill the sweet spot.. Hopefully at that stage or before we should get a good wind of a jv lining up with us.. Shell bp they are sniffing in the area as well...we are ahead of Georgina Energy and yet there going to be ipo on 14 million where as us with all that plus UD operations are valued at £4 mcap
37,915 /12 then divide 30 days 105 boepd for the year.. If we achieve 120 bopd from cinnibar that's 90 net to Mosman at 75% stake.. That will take mosman close to 200 boepd.. Then re workovers on 2 other cinnibar drills if they produce min 120 bopd that's 290 with c2, c3 that's 380 boepd.. Plus bring back the Falcon gas wow numbers will certainly look good.. Want jb to take a pro active approach and get the ball moving come on JB.
· Gross Project Production 81,876 BOE 1
· Net Production to Mosman 37,915 BOE 3
· Revenue AU$1.81m
· Gross Profit AU$0.70m
Profit profit profit.. Good to hear.. And I'm hoping from July onwards the last qtr we had winters producing more oil as well.. Last qtr update as well.
Totally agree day light robbery wonga loans. They have never lost out and nor has jb or Ac with over 150k fees a year. Last 8 years he's on a million plus already.. The decisions he makes I can make them as well as IT consultant and would be better informed / judgement as well... Hr knows the wonga game too well. I did ask a direct question to him about shareholder value no reply to date. As there is none.
182 million sold most likely by Monecor et al hopefully another tr1 with reduced interest. Hopefully they will be out soon.. 182 bopd in nearby well would be 135.5 barrels to Mosman st 75% and that would an excellent result.. And of produce from the same location for c2, c3 doing the workover.. That will truly be a turning point as oil prices are at $95 currently.. Bp reporting billions in profit come on jjb we need millions
I'm trying to locate the sp angel article from Jan 2020i cannot see it on mosman and yet they have reference it in the RNS. 0.48 valuations was purely on the US assets at the time. Since then we've had 2 placing.. So after that US operations are still worth 0.35-0.38 alone.. With the data at the time for Aus assets they had a risked valuation of about £172 million.. No price given at the time.. In light of the recent updated data and figures.. Im sure the aus permit is still alone worth more than £172 million. The georgina Energy is. Our jv partner for our other ep 155 permit with a 25% stake. If yoi look at the numbers they are worth billionds. I ipo they will e worth more than mosman with there 75% share and us having 100% of ep145 and 25% off ep155 plus all the US operations.
571, 446, 970 million is what they have left.. Hopefully over the course of next week they are out...we have flipped the entire float by next week hopefully.. Hopefully some sticky hands jan 2021 sp angel had 0.49 alone for the US assets.... And valued aus at £172 million as is.. Once seismics done for the sweet spot drill then we should be valued more here and our 25% stake at Georgina Energy that we farmed out.
Under the terms of the farmout, GE may earn a 75% working interest and become operator of the permit. At the time of drilling a well, GE may elect to carry Mosman through the cost of the well and in that case would earn a further 15% working interest leaving Mosman with a 10 per cent. retained working interest
I've akways looked forward and have put money where my mouth is with past expectations.. I have just shy of 45 million shares at double the avg here.. I just want them to prove the strategy which i has failed for several years. I.m praying more than you that cinnibar st min hits 120 bopd anything on top of that will be excellent and the 2 drills already drilled doing work overs is cheaper than drilling.. They know the sweet spot we have better technology nlw than 100 years ago.. I know our mcap is petty at 4 million mcap it's got to be a complete joke.
Understand times change and covid impact not to mention oil prices below $20 or even minus... This year no covid, oil prices touched $120 and yet we made no profit by end of June. The cash reported was from the 1.1 million placing what was the excuse this time.
GE permit is only an application stage yet they do need to get a proper permit yet. We are ahead of them after several years and just done a site survey... Awaiting further approvals for seismics.. Plus if IPO'd there £3 million will runout quickly anf they will need a farm in partnership to cover 100% cost of which they will own 90% off after the drill.
Blsddermam we did 2.1 billion share on Monday alone. Magmanus understand your current enthusiasm on the share this week.. Please note steakpue and many other long termers know how this companies has been run over the last couple of years. Remember we started off with 80 million share ftom next week it will be 6.3 billion shares and to date we have manged just about 100 bopd on a decent qtr last qtr we were down. So you do need to come to earth well. Major beneficiary has been Monecor all along laughing all thr way to the bank.. Falcon was a big hu ha as well turned out to be gas and our biggest is sitting idle.. Aussie permits while the numbers look good to date no one has even knocked on our door.. What shareholder value hashr bought to date zilch.. He earns