Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on MOSMAN OIL & GAS LTD. We currently have 4 research reports from 2 professional analysts.
|02Dec16 12:58||RNS||Final Results|
|29Nov16 07:28||RNS||Pine Mills Acquisition Update|
|28Nov16 12:37||RNS||Notice of AGM|
|18Nov16 08:48||RNS||Exploration Update - Replacement|
|17Nov16 12:23||RNS||Exploration Update|
|11Nov16 07:58||RNS||Holding(s) in Company|
|09Nov16 09:54||RNS||Acquisition of producing oil asset in USA|
Frequency of research reports
Research reports on
MOSMAN OIL & GAS LTD
MOSMAN OIL & GAS LTD
Small Cap Breakfast
29 Nov 16
Asia Pacific Investment Partner - the research-driven emerging and frontier markets real estate development business intends to float on AIM and conduct a placing in December RM Secured Direct Lending - The secured direct lending fund intends to float on the Main Market on 15 December raising up to £100m Diversified Oil & Gas— Schedule One now out. $60m to be raised. Expected admission 6 December. Creo Medical Group —UK based medical device company focused on surgical endoscopy, a recent development in minimally invasive surgery. Admission due 7 December. Fundraising details TBA.
29 Sep 15
Mosman has signed a sale and purchase agreement (SPA) with Origin Energy to secure the Rimu, Kauri and Manutahi production facility (to be renamed STEP) and upside field development potential. The deal, once closed, will see Mosman become the operator and hold a 40-70% working interest in the asset. The deal is conditional on securing funding, which needs to be achieved by the end of September 2015, but Mosman now appears to have funding in place to acquire 70% of the STEP project following the farm-out of 30%, innovative Ridge Royalty deal and equity issue. The upside for the company is considerable should the development of 2P+2C (and prospective resources) be realised. We estimate that RENAV lies at 8.2p/share, assuming a 70% interest in the 2P reserves of the STEP project.
22 Jul 15
Mosman, the AIM-listed oil and gas explorer, focused on Australia and New Zealand, has released a comprehensive market update. It has provided a clearer direction to its shareholders regarding the route forward for its assets, while minimising capex. We maintain our RENAV of 6.3p per share but note that findings from the new seismic data are central to maintaining this in lieu of further developments on the timing of Murchison drilling.
08 Dec 16
Elderstreet stake acquired 02 GENERAL NEWS Globalworth premium In this issue Venture capital firm Draper Esprit has taken a 30.8% stake in venture capital trust manager Elderstreet. Both investment managers focus on the technology sector and they will be able to co-invest. Elderstreet has investments in a number of AIM-quoted companies through its VCTs. The purchase was funded by an issue of Draper Esprit shares worth just over £250,000. Simon Cook, the chief executive of Draper Esprit, is a former partner at Elderstreet so he knows the business and the people who run it, although he did leave more than 14 years ago. Cook has previously acquired portfolios from 3i and Cazenove, two other firms where he has worked. Draper Esprit has an option to acquire the remaining shares in Elderstreet, which has more than £25m under management. Adding Elderstreet to the group enables Draper Esprit to offer investors a range of EIS funds, VCTs and an ISA qualifying listed evergreen patient capital fund. The enlarged group has venture capital assets under management of more than £350m. At the end of September 2016, Draper Esprit had a net asset value of 352p a share, which is similar to the current share price. The June 2016 flotation price was 300p a share. Draper Esprit is quoted on Ireland’s Enterprise Securities Market as well as AIM.
01 Nov 16
Since our last outlook note, Quadrise has begun to supply MSAR for extended LONO sea trials, paving the way for commercial adoption from calendar H217 onwards. In August it signed a memorandum of understanding with clients in the Kingdom of Saudi Arabia (KSA), which is a key enabler for progressing the production-to-combustion pilot there. In October it completed a placing and open offer raising a total of £5.25m (gross). This should enable it to transition comfortably to the commercial phase on successful completion of the LONO and KSA trials.
Dividends reinstated; is it time to turn (more) optimistic?
08 Dec 16
Glencore continues to surprise the markets, earlier with its fast pace of asset disposals and now with the reinstatement of dividends. The following were the key details shared with investors in a meeting held on 1 December 2016: 1/ completed $6.3bn of asset disposals; 2/ reduced net debt (including readily marketable inventories) by $12.5bn over the last 18 months; 3/ reiterated trading’s 2016 EBIT guidance towards the upper end of the $2.5-2.7bn range; 4/ expects healthy annualised 2016 free cash flows – even at Q1 16 commodity price lows; at 2017 forward prices, FCFs are guided to be $6.5bn; 5/ dividends would be reinstated from 2017 – with $1bn to be paid in two equal tranches in H1 and H2; thereafter (i.e. 2018 onwards), $1bn would be a fixed annual dividend payment (banking on the stability of trading’s cash flows) plus a minimum 25% of FCFs from industrial activities. Production guided to grow Source – Investor Presentation December 2016 While copper would be negatively impacted by the end-of-life impact at Alumbera and the Ernest Henry divestment, the output for all other commodities is guided to be higher (in varying degrees).
Conviction List Q4 2016
05 Oct 16
Since its inception in 2010, the Conviction List has outperformed the market in 13 of 18 periods and a reinvested Conviction List would have returned 255% against a Small Companies index that would have returned 130%. Our Conviction List returned 3.7% over the last quarter; this was set against the benchmark UK Small Companies index that returned 11.3% over the same period. Our Q4 portfolio reflects our outlook for a temporary sweet spot for UK growth during the second half of 2016. The downside risk from the uncertainty of the EU Referendum result has been countered by stimulus from the Bank of England, signs of a looser fiscal stance and an 18% YoY reduction in the Sterling Exchange Rate. Compressed corporate fixed income spreads continue to provide a valuation underpin for global equities.