Mosman Oil and Gas Limited (DI) (MSMN)

Sector:

Energy Producers

Index:

FTSE AIM All-Share

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

Mosman Oil & Gas hits legal obstacle in acquisition of Pine Mills

By Bianca Boorer

Date: Tuesday 29 Nov 2016

LONDON (ShareCast) - (ShareCast News) - AIM listed Mosman Oil & Gas is consulting its lawyers after it was prevented from completing the acquisition of an 80% interest in the Pine Mills oil field in Wood County Texas after one of the other owners exercised a pre-emptive right over the oilfield.
Cue Energy Resources, the Australia-listed vendor, had agreed a 20-day pre-emptive rights period with the minority owners Gale Force Petroleum and Hammerhead Managing Partners if it were to sell its 80% working interest.

Cue, which is engaged in "legal issues" with Gale Force and Hammerhead, to which Mosman has been fully indemnified, told Mosman on Tuesday that it will not be able to close the acquisition as the pre-emptive right held Gale Force has been exercised.

Mosman has referred this matter to its lawyers who are "currently reviewing the contractual validity of the purported pre-emption".

The share price fell 36.65% to 1.08p at 1053 GMT on Tuesday.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

MSMN Market Data

Currency UK Pounds
Share Price 0.022p
Change Today 0.001p
% Change 4.76 %
52 Week High 0.063p
52 Week Low 0.011p
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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