Mosman Oil and Gas moves onto bigger opportunities after Falcon success

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  • Mosman Oil and Gas get greenlight for survey
  • Mosman Oil & Gas tipped as a ‘buy’ ahead of aggressive drill progamme and production-led growth
  • Mosman Oil and Gas’s Andy Carroll updates on Stanley-4 drill plans
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Quick facts: Mosman Oil and Gas Ltd

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Mosman operates in politically stable countries with a strategy of expansion through Organic growth (exploration of existing permits) and Strategic growth (acquisition of new permits, mergers or takeovers).

Mosman strategic objective remains to identify opportunities which will provide operating cash flow and have development upside, in conjunction with exploration of existing exploration permits.

15 Jun 2021

() has got the greenlight from the Australian authorities to conduct its proposed airborne gravity and gradiometry survey over EP 145, in the Amadeus Basin in the Northern Territory.

It is anticipated that the company’s contractor will start the data acquisition programme in the week commencing 5 July 2021.

Previously, Mosman noted that it will be the first time that data acquisition will be undertaken across the whole permit, and, it will be used to identify focus areas for future programmes including seismic and potentially drilling.

Mosman detailed that the survey will cost A$300,000 and will span the entire 818 square kilometre permit area.

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14 Jun 2021

Mosman Oil and Gas Limited () has updated investors on progress on the Falcon-1 well and the Stanley project in East Texas, US.

The AIM-listed firm said the Falcon-1 well was re-completed in a new zone last week and can now confirm that the well is producing gas and oil with no reported water.

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10 Jun 2021

() said it is still committed to drilling new wells though its recent activity has focussed on the workover of existing wells to boost production and cashflows.

Several well workovers have been performed to optimise production at the Stanley project, where Mosman has well interests between 15% and 19%. Similar operations have been taking place at the 50%-owned Falcon-1 well a new zone has been recompleted to see whether it will yield higher production rates.

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29 Apr 2021

Mosman Oil & Gas Plc () is set for a very different second half of 2021 thanks to its production-led growth strategy, that’s according to stockbroker SP Angel.

AIM-quoted Mosman on Wednesday released its first half results statement for 2020 and told investors it had begun the third quarter with “renewed vigour”.

The company said that it is to focus on drilling activity and its position is boosted by its increased interest in the Greater Stanley project. It reported gross production of 34,569 barrels of oil from its operations over the first half, which works out as 9,871 barrels net to Mosman.

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28 Aug 2020

‘s () Andy Carroll tells Proactive the drilling of the Stanley-4 well in Texas is expected to start as soon as possible with the drill rig now on site. He says they’re keeping a keen eye on Hurricane Laura which this week has made landfall in Louisiana and could also impact Texas.

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SP Angel hail the restructuring of Mosman Oil and Gas and their 2020…

Mosman Oil and Gas Ltd’s (LON:MSMN) is given a ‘buy’ recommendation by SP Angel analyst Sam Wahab who takes Proactive through his research on the company.

2020 was a year of operational development against a challenging market backdrop, the company successfully transitioned into a low…

on 28/1/21

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