Mosman Oil and Gas Limited (DI) (MSMN)

Sector:

Energy Producers

Index:

FTSE AIM All-Share

0.055p
   
  • Change Today:
      0.003p
  • 52 Week High: 0.14
  • 52 Week Low: 0.052
  • Currency: UK Pounds
  • Shares Issued: 6,363m
  • Volume: 23,713,320
  • Market Cap: £3.50m

Mosman gets work delay approved on Northern Territory licence

By Josh White

Date: Monday 14 Feb 2022

LONDON (ShareCast) - (Sharecast News) - Exploration, development and production company Mosman Oil and Gas said on Monday that the Minister for Mining and Industry in Australia's Northern Territory has approved its application for a suspension and extension to the work programme conditions for licence EP145.
The AIM-traded firm said the approval provided it with additional time to complete the year three work programme on the permit.

It said the work allocated to be completed in permit year three had now been extended an additional 12 months, to 21 August 2023, while work requirements in subsequent permit years were also extended by one year.

"Mosman continues to actively progress with technical work to advance the helium and hydrogen exploration potential, in addition to the previously-known hydrocarbons discovered on the West Walker anticline, an extension of the Mereenie anticline, in EP-145," the board said in its statement.

"The 12-month permit suspension and extension approval by the NT government is a sensible response to the Covid-related delays in Australia."

Mosman said it provided a "realistic schedule" for necessary approvals and seismic acquisition, and the optimisation and planning of a well location based on the acquired data.

"For the project, it is encouraging to see nearby operators Santos and Central Petroleum planning hydrocarbon development and exploration wells in 2022, and deep wells targeting helium to be drilled in 2023."

At 1236 GMT, shares in Mosman Oil and Gas were up 4.26% at 0.08p.

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MSMN Market Data

Currency UK Pounds
Share Price 0.055p
Change Today 0.003p
% Change 4.76 %
52 Week High 0.14
52 Week Low 0.052
Volume 23,713,320
Shares Issued 6,363m
Market Cap £3.50m

MSMN Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
45.87% above the market average45.87% above the market average45.87% above the market average45.87% above the market average45.87% above the market average
3.70% above the sector average3.70% above the sector average3.70% above the sector average3.70% above the sector average3.70% above the sector average
Price Trend
60.82% below the market average60.82% below the market average60.82% below the market average60.82% below the market average60.82% below the market average
45.45% below the sector average45.45% below the sector average45.45% below the sector average45.45% below the sector average45.45% below the sector average
Income Not Available
Growth
50.96% above the market average50.96% above the market average50.96% above the market average50.96% above the market average50.96% above the market average
33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average

MSMN Dividends

No dividends found

Trades for 03-Feb-2023

Time Volume / Share Price
15:49 1,194,805 @ 0.054p
15:27 17,688,584 @ 0.057p
11:19 3,729 @ 0.054p
11:12 3,706,338 @ 0.054p
10:41 972,677 @ 0.054p

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