News blog

Mosman Oil and Gas Ltd

• BY: Andrew Hore |
• POSTED: 20/03/2014 |

Shares in oil and gas explorer Mosman Oil and Gas Ltd ended the first day’s trading on AIM at 8.5p, up from the placing price of 8p.

Mosman raised £1.5m, £1.2m after expenses, which valued Australia-based Mosman at £4.9m.

Prior to joining AIM, Mosman acquired oil and gas assets in New Zealand and Australia. Drilling will commence in New Zealand this year and a minimum of two wells will be drilled at the Petroleum Creek project on the South Island and 40km of seismic will be acquired next year.

Mosman has a 25% stake in the Officer Basin onshore application in Western Australia but it still has to meet Native Title Act requirements. 

Download the latest AIM Journal from http://wwww.hubinvest.com/AIMPDFMarch2014_54.pdf