Sign up UNITED KINGDOM
Proactive Investors - Run By Investors For Investors

Mosman Oil will look for more deals says chairman

Mosman has permits at permits at Murchison in New Zealand and the Amadeus Basin in Australia.
picture of oil wells
Mosman will continue its search for suitable acqusitions

Mosman Oil & Gas (LON:MSMN) says it will continue to look for acquisitions despite being thwarted in two deals over the past year.

It cancelled the first deal in January and in November lost out at Pine Mills in Texas to a last minute offer from rival AIM group Nostra Terra (LON:NTOG).

Mosman said its lawyers had looked at what happened at Pine Mills and it is unlikely it will take the matter any further.

In the meantime, Mosman said work will continue on its existing permits at Murchison in New Zealand and the Amadeus Basin in Australia.

In addition, Mosman has stakes in diamond miner Gem International and oil group Hemisphere Energy.

“Despite conditions, or even as a result of them, there are opportunities and we will continue to progress our existing portfolio as well as evaluate new projects, especially those with cash flow," said chairman John Barr.

PhilW.jpg
Why Invest In Mosman Oil And Gas? Read More Here

Register here to be notified of future MSMN Company articles
View full MSMN profile View Profile

Mosman Oil And Gas Timeline

Related Articles

genex-power_Simon-Kidston-757.jpg
November 23 2016
Simon Kidston presented at Mines and Money Melbourne.
A drill rig
April 06 2017
"The winning of the ONGC tender against 16 other well established drilling contractors is a confirmation of Greka Drilling's mastery within the CBM niche.”
drill.jpg
February 15 2017
Citing figures produced by Origin Energy, its partner in and operator of 16,000-square kilometres of licences, the gross best estimate of gas in place is put at a world-class 496 trillion cubic feet. Converting that to oil equivalent, it stacks up to 82bn barrels of the black sticky stuff.

© Proactive Investors 2017

Proactive Investor UK Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use