Failed New Zealand acquisition takes Mosman loss deeper
29th Mar 2016 14:33
(ShareCast News) - A failed acquisition in New Zealand led Mosman Oil & Gas deeper into the losses in the first six months of its financial year, with the firm working to assure the market of its continued viability in its interim results on Tuesday. The AIM-traded Australia and New Zealand-focused
Read moreMosman Oil and Gas pulls out of deal with Origin Energy
1st Feb 2016 10:41
(ShareCast News) - Mosman Oil and Gas has pulled out of a deal to buy the South Taranaki Energy Project (STEP) in New Zealand from Origin Energy amid weakening oil prices. The New Zealand and Australia focused oil and gas exploration and development company said that while STEP remains a good asset
Read moreMosman Oil and Gas to renegotiate South Taranaki deal
5th Jan 2016 13:54
(ShareCast News) - AIM-listed oil exploration and development company Mosman Oil and Gas has issued a review notice to Origin Energy to renegotiate the terms of its acquisition of the South Taranaki licence in New Zealand following Brent crude's drop to below $40 a barrel. The company noted a provis
Read moreMosman puts its eggs in the NZ oil basket
8th Dec 2015 15:15
(ShareCast News) - Mosman Oil and Gas reported its final results for what it described as a "challenging year" on Tuesday, as it shifted its focus from Australian to New Zealand exploratory operations. The AIM-listed oil explorer, focused on Australia and New Zealand, saw net losses double to AUD$3.
Read moreMosman Oil and Gas rallies as it sells royalty to help fund acquisition
15th Sep 2015 10:02
(ShareCast News) - Mosman Oil and Gas has sold a royalty to help fund its proposed acquisition of up to a 70% interest in the South Taranaki Energy Project. Mosman said it has agreed to sell a 2% royalty to Canada-based Ridge Royalty Corp for NZ$4m, or around £1.68m. As well as the STEP royalty, the
Read moreMosman Oil and Gas sees no fresh reason for share price surge
11th Sep 2015 10:39
(ShareCast News) - Mosman Oil and Gas noted the surge in its share price on Friday and said it's not aware of any reason for the move other than the agreement with Origin Energy that was announced on 3 September. Mosman said it is currently in talks with various providers regarding the financing for
Read moreMosman Oil and Gas preferred bidder in acquisition; mulling fundraising options
24th Jul 2015 15:53
(ShareCast News) - Mosman Oil and Gas said on Friday that it was in advanced talks regarding a potential acquisition that, if completed, would provide immediate production and cash flow. The oil exploration and development company said the proposed acquisition would see it become the operator of an
Read moreMosmon Oil & Gas fails in bid to takeover MEO Australia
15th Jun 2015 13:55
Mosmon Oil and Gas said on Monday that it has failed in its bid to takeover MEO Australia after the deadline passed on Friday. The MEO board, which did not recommend the offer, said it appreciated the support of the majority of its shareholders. Mosmon, which is not planning to amend its offer, has
Read moreWednesday broker round-up UPDATE
13th Aug 2014 09:55
Caledonia Mining: Numis lowers target price from 100p to 90p retaining a buy recommendation. Chemring Group: Panmure Gordon initiates with a target price of 328p and a buy recommendation. CLS Holdings: Liberum Capital raises target price from 1551p to 1647p and keeps a buy recommendation. CSR: Je
Read moreMosman says Cross Roads well receives 'discovery' classification
3rd Jul 2014 13:26
Mosman Oil & Gas jumped after analysis of the recently discovered oil shows at Cross Roads-1 showed it meets the definition of a discovery under New Zealand legislation. The group is now planning to flow test later this year and will acquire additional seismic data to assist in mapping the extent
Read moreMosman Oil and Gas plans to buy Trident Energy
2nd Jul 2014 13:53
Mosman Oil and Gas has announced it plans to acquire Trident Energy for £1.6m to expand its regional exploration portfolio. Trident Energy has three exploration assets located in Canning, Amadeus and Otway basins which is expected to provide the group oil and gas opportunities in the region. The f
Read moreMosman Oil and Gas raises £3m to expand exploration programme
20th Jun 2014 08:17
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 expl
Read moreSector movers: Oil stocks track crude higher on Iraq violence
16th Jun 2014 13:37
Rising crude prices helped lift stocks in the oil sector on Monday, as the ongoing violence in Iraq raised concerns about the knock-on effect on supply. Fighting between the Iraqi army and Sunni Islamist insurgents escalated this weekend after militants from the Islamic State of Iraq and the Levant
Read moreMosman shares rocket on oil discovery
13th Jun 2014 13:46
Shares in Mosman Oil & Gas more than doubled on Friday after the oil exploration and development company announced an oil discovery at the Petroleum Creek Project in New Zealand. The firm said testing on the Cross Roads-1 well has found "significant" moveable oil for a total potential pay of 17 met
Read moreMosman Oil and Gas to begin work on third well
28th May 2014 12:49
AIM-listed exploration group Mosman Oil & Gas announced its wholly-owned subsidiary Petroleum Creek has confirmed it will begin work on its third well. The well will be named Crestal-2 and is the third well in its drilling programme, which is located 800m south of Crestal-1, drilling is expected to
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