Mosman Oil and Gas Limited (DI) (MSMN)

Sector:

Energy Producers

Index:

FTSE AIM All-Share

0.022p
   
  • Change Today:
      0.001p
  • 52 Week High: 0.063
  • 52 Week Low: 0.011
  • Currency: UK Pounds
  • Shares Issued: 12,337m
  • Volume: 239,666,153
  • Market Cap: £2.71m

Mosman Oil and Gas raises £3m to expand exploration programme

By Natasha Roberts

Date: Friday 20 Jun 2014

LONDON (ShareCast) - Mosman Oil and Gas has raised around £3m after placing 13.04m shares at 23p each, prompting a drop in the share price on Friday morning.

The funds will be used to increase the exploration programme at the Petroleum Creek Project in New Zealand, with the addition of a potential fourth and fifth exploration well and acquiring seismic in 2014.

Mosman explained that the additional wells will be focused on previously identified and confirmed targets.

Executive Chairman John Barr said: "We are delighted with the response by investors who have strongly supported the fund raising which provides a robust financial base for the company to invest in the development of its current assets, particularly on its Petroleum Creek Project and also accelerate Mosman's strategy to broaden its portfolio of assets."

Shares had dropped 16.7% to 27.28p by 08:30.

NR

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MSMN Market Data

Currency UK Pounds
Share Price 0.022p
Change Today 0.001p
% Change 4.76 %
52 Week High 0.063
52 Week Low 0.011
Volume 239,666,153
Shares Issued 12,337m
Market Cap £2.71m

MSMN Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
42.46% above the market average42.46% above the market average42.46% above the market average42.46% above the market average42.46% above the market average
1.33% above the sector average1.33% above the sector average1.33% above the sector average1.33% above the sector average1.33% above the sector average
Price Trend
50.32% below the market average50.32% below the market average50.32% below the market average50.32% below the market average50.32% below the market average
30% below the sector average30% below the sector average30% below the sector average30% below the sector average30% below the sector average
Income Not Available
Growth
41.43% above the market average41.43% above the market average41.43% above the market average41.43% above the market average41.43% above the market average
3.85% above the sector average3.85% above the sector average3.85% above the sector average3.85% above the sector average3.85% above the sector average

MSMN Dividends

No dividends found

Trades for 17-May-2024

Time Volume / Share Price
16:16 208,314 @ 0.021p
15:53 2,000,000 @ 0.022p
15:35 150,000 @ 0.021p
15:24 50,000 @ 0.021p
15:23 63,627 @ 0.021p

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