Mosman Oil And Gas

MSMN: 0.97 0.00 (0.00%)

Delayed:2018-02-23 16:57:08
Bid Price 0.95 High Price 1.03
Ask Price 1.10 Low Price 0.97
Open Price 0.98 Spread 14.63%
Prev Close 1.03 Volume 1,010,714.00

Mosman Oil And Gas Share Price Chart

Intraday

Historic - 1 year


Mosman Oil And Gas Share Price Information

Name Mosman Oil And Gas Epic MSMN
Sector Oil & Gas Producers ISIN AU0000XINET1
Activites Mosman Oil and Gas Limited is currently an Australian unlisted public company, formed in 2011 by John W Barr and John Young to examine resource opportunities in overlooked and emerging resource areas. The strategic objective of Mosman is to discover economic reserves and realise value through the development, joint venture or sale of the assets. In early 2013 the Board was bolstered by the addition of Andrew Carroll, an engineer with over 30 years of oil and gas industry experience. In early 2013 Mosman sourced two opportunities and initiated due diligence on separate oil and gas projects in New Zealand and Australia. Both projects have now been acquired, advanced with an independent report completed by SRK and a competent persons report by Moyes & Co. The future exploration plans for both projects have been determined. The Company has three wholly owned subsidiaries: Petroleum Creek Limited which holds 100% of the New Zealand petroleum exploration permit PEP 38526, Mosman Oil and Gas (NZ) Limited (currently dormant), both incorporated in New Zealand, and Petroleum Portfolio Pty Limited, incorporated in Australia, which owns 25% of the share capital of Australian Petroleum Portfolio Pty Ltd which, in turn, holds Petroleum Exploration Permit Application STP-EPA-0071 for acreage release area L12-4 in Western Australia. Security Type Equity

Key numbers

Latest Share Price (p) 1.03 Net Gearing (%) -15.56
Market Cap (£m) 3.28 Gross Gearing (%) 6.90
Shares in issue (m) 344.90 Debt Ratio 0.00
P/E Ratio -0.21 Debt-to-Equity Ratio 0.00
Divs per share (p) 0.00 Assets / Equity Ratio 1.07
Dividend Yield (%) 0.00 Price to book value 0.47
Dividend Cover 0.00 SROCE (%) -133.00
Earning per share (p) -4.46 EPS Growth (%) -76.28
52-week high / low (p) 3.18 / 0.68 DPS Growth (%)

Mosman Oil And Gas Broker Views

Date Broker Rec. Price Old target price New target price Notes
14 Nov SP Angel Buy 0.97 Reiterates
30 Aug SP Angel Buy 0.97 Reiterates
04 Jul SP Angel Buy 0.97 3.20 3.20 Reiterates
29 Mar SP Angel Buy 0.97 3.20 3.20 Reiterates
01 Feb SP Angel Buy 0.97 3.00 3.00 Reiterates

Mosman Oil And Gas Director Deals


Mosman Oil And Gas Company News

Mosman Oil and Gas completes Texas pre-feasibility study

Mosman Oil and Gas said it had completed a pre-feasibility study for its Welch Permian Basin project in Texas.

The results indicated the Welch project had attractive economics at the current oil price, with anticipated flow rates of 60-120 barres of oil per well.

Mosman said it would now proceed with the next phase, which included a feasibility study and obtaining the required approvals

The first horizontal well could be drilled and brought on production in the third or fourth quarter of 2018, it added.


At 9:30am: (LON:MSMN) Mosman Oil And Gas Ltd share price was +0.01p at 1.08p



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Miners fail to lift FTSE after copper rally

A 1.5% rally in the price of copper to $3.12 per pound lifted shares in miners, but this failed to push the FTSE 100 into positive territory.

The FTSE retreated 0.1% to 77,168.

Glencore (GLEN) increased 2.5% to 375.8p and Anglo American (AAL) jumped 1.7% to £16.70.

Peers Rio Tinto (RIO) and BHP Billiton (BLT) made smaller gains.

Brent crude oil slipped 0.4% to $62.30 per barrel.

UK inflation came in higher than expected in January, at 3% compared to forecasts of 2.9%.

OVERSEAS MARKETS

US equities remained volatile ahead of inflation data on Wednesday. The S&P 500 dipped 0.2% to 2,650 around 5pm UK time.

MID AND LARGE CAP RISERS AND FALLERS

TUI (TUI) sharply cut its seasonal losses in its first quarter to 31 December 2017, driven by good growth in its hotels and resorts, causing the shares to fly 1.2% higher to £16.14.

Computacenter (CCC) was down 5.4% at £10.80 after appointing Peter Ryan as a non-executive director.

SMALL CAP RISERS AND FALLERS

Car seller Pendragon (PDG) revealed pre-tax profit fell 20% to £60.4m, but this was better than market expectations, helping the shares accelerate 14.4% to 23.9p.

Shares in Audioboom (BOOM) were suspended as it pursues the acquisition of Triton Digital in Canada for $185m, which would constitute a reverse takeover.

A positive production update from small cap oil and gas firm Mosman Oil and Gas (MSMN) triggered a 61.1% rally to 1.4p.

Healthcare finance software supplier Craneware (CRW) won new business deals in the US worth $8.5m, pushing the shares 5.8% higher to £16.90.

Going in the opposite direction was SerVision (SEV) after warning it may have to raise funds or convert debt into equity. The company said there was still a long way to go until it could trade at 'break-even.'

Financial services outsourcer TruFin (TRU) made its AIM debut after raising £70m.


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FTSE flat on threat of energy price cap

The FTSE was struggling for direction on Tuesday as stronger miners failed to offset weakness in utility stocks on a report suggesting a planned energy cap should be introduced urgently.

United Utilities (UU.) was down 1.4% at 675.2p and National Grid (NG.) dimmed 1% to 741p.

Anglo American (AAL) and Glencore (GLEN) were among the winners. Both rose by up to 2.1%.

Brent crude oil was stable at $62.57 per ounce.

UK inflation came in higher than expected in January, at 3% compared to forecasts of 2.9%, according to the Office for National Statistics.

MID AND LARGE CAP RISERS AND FALLERS

TUI (TUI) sharply cut its seasonal losses in its first quarter to 31 December 2017, driven by good growth in its hotels and resorts, causing the shares to fly 3% higher to £16.42.

SMALL CAP RISERS AND FALLERS

Car seller Pendragon (PDG) revealed pre-tax profit fell 20% to £60.4m, but this was better than market expectations, helping the shares accelerate 14.8% to 24p.

Shares in Audioboom (BOOM) were suspended as it pursues the acquisition of Triton Digital in Canada for $185m, which would constitute a reverse takeover.

A positive production update from small cap oil and gas firm Mosman Oil and Gas (MSMN) triggered a 66% rally to 1.4p.

Healthcare finance software supplier Craneware (CRW) won new business deals in the US worth $8.5m, pushing the shares 6.4% higher to £17.

Going in the opposite direction was SerVision (SEV) after warning it may have to raise funds or convert debt into equity, causing the shares to slide 26% to 0.9p. The company said there was still a long way to go until it could trade at 'break-even.'

Financial services outsourcer TruFin (TRU) made its AIM debut after raising £70m.


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Mosman Oil and Gas mulls drilling horizontal wells at Texas prospect

Mosman Oil and Gas said its Welch Permian Basin project in Texas had generated positive cash flow in the four months through January, as it mulls the commencement of a horizontal drilling campaign.

Gross oil sales for the asset totaled 3,558 barrels.

'The first phase of workovers has established production of up to 40 barrels of oil per day, which is periodically reduced by operational matters -- such as the temporary shut-in for a few days in January to avoid damage in freezing weather conditions -- and typical minor matters such as pump or rod repairs,' the company said.

'The immediate development potential is the drilling of horizontal wells that are expected to increase both reserves and production.'

Mosman said it had commissioned a pre-feasibility study to further define the project for an investment decision later in 2018.

It has commissioned Moyes & Co. to produce a reserves report for the existing vertical wells and for the possible addition of three horizontal production wells.


At 8:12am: (LON:MSMN) Mosman Oil And Gas Ltd share price was +0.23p at 1.13p



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All resolutions passed at AGM of Mosman

Mosman Oil and Gas has confirmed that all resolutions were passed by shareholders at today's Annual General Meeting.




At 1:12pm: (LON:MSMN) Mosman Oil And Gas Ltd share price was 0p at 0.7p



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