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Mosman Oil and Gas lifts oil production volumes at Stanley Project, Texas

Last updated: 11:43 04 Mar 2024 GMT, First published: 13:30 21 Nov 2023 GMT

Snapshot

  • Mosman Oil and Gas is advancing toward 2024 exploration campaign
  • Mosman Oil and Gas "happy but not satisfied" with Q1 2023
oil

About the company

Mosman Oil and Gas Ltd is an oil exploration, development and production company with projects in the US and Australia.

The company's strategic objectives remain consistent: to identify opportunities which will provide operating cash flow and have development upside, in conjunction with progressing exploration of existing exploration permits.

Mosman has several projects in the US, in addition to exploration projects in the Amadeus Basin in Central Australia.

How it is doing

04 Mar 2024

Mosman Oil and Gas Ltd (AIM:MSMN) is continuing its preparations for exploration in Australia, today telling investors it has committed to the acquisition of long lead items essential for seismic exploration.

It follows the recently announced partnership agreement with Greenvale, which is awaiting ministerial approval.

"We are pleased to see continued progress in EP 145 where we see potential for helium and hydrogen,” Mosman chief executive Andy Carroll said in a statement.

Mosman’s plan for 2024 is to conduct the seismic data acquisition and analysis to support the selection of a well location by August.

19 Feb 2024

Mosman Oil’s planned Stanley workover programme in the US represents another positive result for the group, according to house broker SP Angel.

Analysts said it should increase the value if Mosman monetises the asset in the healthy Texas M&A market, and can add value overall if the proceeds are used to upgrade the Cinnabar wells to fulfil their full potential.

16 Feb 2024

Mosman Oil and Gas Ltd (AIM:MSMN) has reported increased production at its Stanley project in the United States with gross output of 93 barrels of oil per day, up from 43 bopd last quarter.

It follows a series of reconfigurations and optimisations of production equipment and the installation of new gear.

What management says

28 Apr 2023

Mosman Oil and Gas Ltd (AIM:MSMN) chairman John W Barr speaks to Thomas Warner from Proactive after releasing a quarterly production update that showed a marked increase in oil output.

Barr explains the reason for the increase in production and says that he is "happy but not satisfied", and believes there is still more increase to come.

Mosman Oil and Gas "happy but not satisfied" with Q1 2023

Mosman Oil and Gas Ltd (AIM:MSMN) chairman John W Barr speaks to Thomas Warner from Proactive after releasing a quarterly production update that showed a marked increase in oil output. Barr explains the reason for the increase in production and says that he is "happy but not satisfied", and...

on 28/4/23