Mosman Oil and Gas Limited
Mosman Oil and Gas Limited (MSMN) is a Perth, Australia based Oil and Gas producing company that is engaged in exploration and production of Oil, majorly from its Australia, United States of America and New Zealand based projects. One of the company’s flagship projects is located in Australia in the Amadeus Basin, which contain two oilfields permits, which are EP145 and EP(A)155 Mount Winter as well as a Gas Pipeline, which is 622 Km long and is currently the largest gas pipeline project in Australia. In the United States of America, the company is operating 6 projects, which are Welch Permian Basin, that includes 10 producing wells, 7 injector wells, and 10 shut-in wells; Stanley Project, where three successful wells have been drilled, Challenger project, in which the company has a 16 per cent working interest, Champion Project, in which the company has a 60 per cent working interest, Arkoma Stacked Pay project, in which the company has a 27 per cent working interest, and the Baja Strategic alliance with a Texas based company Baja Oil and Gas. The company has also made a direct investment in the GEM International Resources Inc.
MSMN Financial Performance
On 1st November 2019, the company made a press release regarding its final results for the year ended 30th June 2019. The company reported the revenue at a year on year increase at US $1.10 million in 2019 as compared to the revenue in 2018 at US $740,853. The company reported that the net loss was at a year on year decline from US $4.102 million in 2018 to US $1.208 million in 2019. This drove the loss per share from US Cents 1.33 in 2018 to US Cents 0.20 in 2019.
MSMN Share Price Performance
On 1st November 2019, at 12:15 P.M. GMT, Mosman Oil and Gas Limited’s share price traded at GBX 0.25 per share, an increase of 8.70 per cent or GBX 0.02 per share as compared to the previous day’s closing price, which was reported to be at GBX 0.23 per share. The Mosman Oil and Gas Limited share price was 18.60 per cent below the 52-week high share price, which was at GBX 0.590 per share, set on April 24, 2019. The market capitalisation of the company is reported to be at GBP 2.04 million.
The beta of the company’s share has been reported to be at 1.1402. This implies that the movement in the company’s share movement is more volatile in nature, as compared to the movement of the benchmark market index.
President Energy Plc
President Energy Plc (PPC) is an Oil and Gas company based in Leeds, the United Kingdom that engages in the business of Exploration of Oil and Gas as well as the development of Oil and Gas products. The company operates projects in two South American countries, Argentina and Paraguay, as well as two projects in the United States of America which are East Lake Verret and Lake Piegneur. Paraguay has no apparent oil reserves, so the company is currently focusing on the import of oil in the country.
PPC Group Update
On 1st November 2019, the company made a press release to announce a group update in which the company highlighted that it had started the sales from gas pipelines. The company also reported that it is currently has started to build a new 16 KM gas pipeline to increase capacity. It was also reported that the Oil Prices payable to producers in Argentina have increased by 5 per cent. The new prices were effective as of 1st November 2019.
21 October 2019 the company announced the conditional acquisition of an exploration contract in Rio Negro Province of Argentina and the subscription for USD 1.825 million of new ordinary shares in the capital of the company.
PPC Share Price Performance
On 1st November 2019, at 12:30 P.M. GMT, President Energy Plc’s stock traded at a price of GBX 4.31 per share, a surge of 7.65 per cent or GBX 0.31 per share in comparison with the last trading day’s closing price, which was reported to be at GBX 4.00 per share. The President Energy Plc share price traded 16.38 per cent above the 52-week low share price, which was at GBX 3.70 per share, set on October 10, 2019. The market capitalisation (m-cap) of the President Energy Plc has been reported at GBP 45.06 million.
The beta of the company’s share has been reported to be at 0.7657. This implies that the company’s share movement is less volatile in nature, as compared to the movement of the benchmark market index.
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