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Investegate |Mosman Oil & Gas Announcements | Mosman Oil & Gas: EP 145 Update


 
Mosman Oil and Gas Limited (AIM: MSMN) the oil exploration, development and production company, advises an update in respect to EP 145 in the Amadeus Basin in the Northern Territory of Australia ( NT ).
 
As previously advised, Mosman is now operating in two distinct divisions. Dr Julie Daws, in consultation with the Technical Director, Mr. Andy Carroll, is managing Mosman s exploration work in Australia, specifically EP 145 airborne gravity and seismic acquisition. Bids have now been received for the airborne gravity data acquisition and are currently being evaluated. As there are not currently any Covid-19 restrictions in the Northern Territory where EP145 is located, and no ground access is required, this survey is able to proceed in the near future once a contractor is selected and equipment is available. ....

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Investegate |Mosman Oil & Gas Announcements | Mosman Oil & Gas: Half Year Results


 
Mosman Oil and Gas Limited (AIM: MSMN) the oil exploration, development and production company, announces its Half Year results to 31 December 2020.
 
Summary
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With a clear focus on the higher margin operations, Mosman took the decision to sell the Welch project and shares in Norseman.
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Proceeds applied to drilling, completing, and installing production facilities at Falcon and workovers at Stanley and Greater Stanley.
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COVID-19 constraints and some production challenges resulted in lower production, which was also impacted by a volatile oil price further affecting revenue
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Revenue of AUD380,000 and Gross Profit AUD56,828
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Net loss of AUD0.7m impacted by production challenges and the volatile oil price in 2020 ....

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