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Mosman Oil & Gas Ltd - Millers Point, US and Australia-focused natural resource development company - Sees gross production for year ended June 30 nearly halve to 47,245 barrels of oil equivalent from 86,933 in 2023. Company notes natural production decline and various output issues. Sees fourth-quarter gross production increase to 17,357 barrels of oil equivalent, up 62% from 10,745 in third quarter. Company notes gross production at Stanley project grows to 15,928 barrels of oil equivalent from 5,583 last quarter. Says total net production in the quarter was 4,628 barrels of oil and 9,624 million British thermal units of gas. Average sale price was $78.82 per barrel of oil and $1.03 per MMBtu of gas. Sale price compared to $73.73 and $2.74 for oil and gas in previous quarter. At June 30, Mosman had cash of A$1.1 million, about $723,298. Company says number has since increased due to exercise of warrants Current share price: 0.059 pence 12-month change: up 95% Copyright 2024 Alliance News Ltd. All Rights Reserved.
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