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.

View full MSMN profile View Profile

Mosman Oil And Gas Timeline

Newswire
August 07 2017

Related Articles

picture of oil well
October 23 2017
Programme will boost production from 30 barrels per day currently to a peak of over 150
onshore oil operation
March 16 2017
“We are now in the process of starting to unlock the inherent value in our asset base,” said chief executive Andrew Knott.
Egyptian pyramids
June 01 2017
The AIM-listed group transformed itself at the start of the year with the US$30mln acquisition of the Egyptian and Moroccan assets of failed fellow AIM firm Circle Oil

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

© 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