Big picture - Why invest in Mosman Oil And Gas
Mosman Oil And Gas Snapshot
Mosman is admitted to the AIM market of the London Stock Exchange plc.
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).
The Company's objective is to build a sustainable company by means of organic growth and acquisitions, however, given ongoing uncertainties associated with the current oil price and equity markets, the Board also feels it has a responsibility to continue to monitor and evaluate the effectiveness of its business objective, strategy and plans.
GEM International Resource Inc. (GEM)
Mosman owns 9.6 million shares and attached warrants in the TSX.V listed; GEM International Resource Inc. (non-transferrable CAD15 cent two year warrant). The code is TSX-V: GI.
Gem is a Canadian based junior exploration company focused on providing sustainable growth and value to its shareholders through the strategic acquisition, exploration and development of viable mineral properties.
Further information may be seen at GEM’s website:
GEM’s share price can viewed using the following link:
Mosman owns two granted Permits and one application in the Amadeus Basin in Central Australia.
The Amadeus Basin is considered one of the most prospective onshore areas in the Northern Territory of Australia for both conventional and unconventional oil and gas, and hosts the producing Mereenie, Palm Valley and Surprise fields.
It is encouraging to note that the Northern Territory Government is progressing on the development of a gas pipeline and has selected Jemena Northern Gas Pipeline Pty Ltd to construct and operate the North East Gas Interconnector (NEGI) Pipeline.
Further information can be found here
Welch Permian Basin
The Project is located in the Permian Basin, in and around the Welch township in Dawson County, West Texas, approximately 550 km west of Dallas. It consists of 653 acres of leases (held by production) with 10 producing wells, 7 injector wells, and 10 shut-in wells. The acquisition includes production equipment and facilities.
The Project is a small part of the larger Welch Oil Field, which was discovered in 1941 and has produced in total over 170 million barrels.
After waterflood commenced in 1997, the Project produced at rates of between 100-200 bopd until 2009, and then gradually declined. The average sales volume from the Project over the last 13 months has been 34 bopd (gross).
There is no formal resource estimate available for these leases.
One of the previous owners had developed plans for three horizontal wells on the leases based on adjacent acreage analogues that could add potentially significant additional daily production to the Project. These plans look attractive but further technical work needs to be done by Mosman before a decision could be made to proceed with drilling these horizontal wells.
In the near term, Mosman’s plan is to critically manage the lease operating expenses and low cost initiatives to increase production to increase cash flow. Mosman has already identified existing shut in wells that will be considered for workovers in the shorter term.
For further information on the United States please click here
John W Barr, B.Bus (Acc.), CA, FAICD, Executive Chairman
John is the founder of the Company, based in Perth, Western Australia. John is a Chartered Accountant and Fellow of the Australian Institute of Company Directors and has acted as director of listed and unlisted companies for over twenty five years.
He has specialised in the management of companies including advice on capital raisings, mergers and acquisitions, negotiating onshore and offshore acquisitions and joint ventures, negotiating commodity based funding, and compliance with corporate and stock exchange requirements.
John worked extensively in starting up and building resource businesses, historically in mining. Prior to founding Mosman, he was Chairman of TNG Limited and, previously, Thor Mining PLC as well as several Australian listed companies including Sherwin Iron Limited (formerly Batavia Mining Limited). John was one of the founding Directors of Aquarius Platinum Ltd and negotiated various transactions on behalf of Aquarius (including the Penny West high grade gold deposit and the Awak Mas project in Indonesia). He was actively involved in the acquisition of the Aquarius platinum leases in South Africa, and the disposal of Lone Star Exploration generating a material profit for Aquarius. His roles at Aquarius also included the appointment and handover to a successful operational management team.
He has extensive Australian and international experience with exposure to manufacturing, mining and mineral exploration and development in respect to several commodities. He also has direct experience at senior management levels in a variety of industries.
John W Barr has responsibility on the board for the finance function of the Group.
Andy Carroll, BA, MA (Engineering) Cambridge, Technical Director
A mechanical engineer by background, Andrew has spent his career in the oil industry, initially with BP. He is currently managing director of Australasian Energy Pty Ltd.
He has worked in Australasia for more than 20 years. Andrew's role at Ampolex Limited included proposing PNG gas developments to the Pandora and Kotuku joint ventures, which have now become an ExxonMobil c.$20bn liquefied natural gas development. Andrew was headhunted to InterOil Corporation to run its Papua New Guinea exploration business; discoveries were made in 2002 resulting in material share price appreciation. His more recent activities have included a number of successful smaller groups – Great Artesian Oil & Gas Ltd, Petroleum Exploration Australia Pty Ltd (sold in 2008) and founding director and former managing director/chief executive officer of the Phoenix Oil and Gas Limited royalties business.
His expertise covers a wide range of the energy business, with particular expertise in oil and gas, from permit applications and initial exploration operations including drilling, to development, production and marketing of oil and gas. This includes taking InterOil Corporation from applying for permits to discovery of a new petroleum system in PNG. Andrew also advised AGL Energy Limited in establishing an exploration and production business with acquisition and operations of coal seam methane assets including Sydney Gas, and Moranbah. International experience includes UK, Canada, Australia, NZ and PNG.
John A Young, B App Sc (Geol), Grad Dip Tech Management, MAUSIMM, Non-executive Director
John Young is a geologist with 25 years' experience in resource project management and corporate management. He is a member of the Australian Institute of Mining and Metallurgy and has worked on wide variety of mineral and resource projects throughout Australia and overseas.
In addition, John has held senior management and operational positions. He is currently Exploration Manager of Arunta Resources Limited and Principal Geological Consultant to Pilbara Minerals Limited. Both exploration companies are listed on the ASX, the latter a company focused on specialty metals and gold exploration in the Pilbara of Western Australia and in Papua New Guinea.
Suite 1, Gunshot Alley
Mosman NSW 2088
For Operational Enquiries
Telephone: +61 2 9210 4600
Suite 305, Level 3
35 Lime Street
Sydney NSW 2000
For Shareholder Enquiries
Telephone: +61 2 8296 0000
John W Barr
SOLICITORS TO THE COMPANY
As to Australian law
Level 31, Central Park
152 St Georges Terrace
Perth, WA 6005
As to English law
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London WC1E 6HQ
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