Mosaic Oil (MOS) info

[tommy]

Having hardly any experience in the oil/gas sector, I would highly appreciate a second opinion on Mosaic Oil (MOS) which just announced doubling its revenue for FY2005.

http://www.mosaicoil.com/pdf/Interne...e%20080904.pdf

Doesn't appear to be a good pick in terms of past performance but I'm interested in it due to Oilex (OEX)'s success in the region...

Eagerly awaiting for your views, thanks all

[slam]

Tommy
Here's some info already on this site

http://www.sharetrader.co.nz/topic.a...earchTerms=mos

[tommy]

thanks a lot slam

Sorry all for making a redundant thread... Moderator, please streamline this thread!

[slam]

No Probs tommy
Pays to do a quick search for a ticker before you start a thread.
Sorry, don't know much about MOS
Cheers
Slam

[AMR]

I heard about these guys a couple of days back through their farm-in with VPE and BOW. Any thoughts on this stock? They are another potential CSG baby. Nice infrastructure too, but no elephant hunting. Oppies expire in May 2009 and are exercised at 18c. Market cap of ~110m.

[Grand Uber]

been stagnant for a long time, but yeah some positive movement in the past few months

the shareprice doesnt seem to move all that much with positive announcements like the farm-ins. Maybe the market is relying on past performance as a sign of future performance.

I see the broker reports place it as a long term hold and a price of 24 cents for that. That figure would be raised if waggamba 5-H is a success which i think from memory will be drilled in like 30 days for evaluation. I saw sucess figures for this some where of like 80% chance, but who knows.

So providing that it could net a 100% return over 12-24 months, if all goes well.

I havent really had a chance to do solid research on this, dont know what the management is like.

Good thing with the infastructure is that they can increase production with minimal increase in cost to the company.

I would be interested to hear other peoples opinions on this one

Disc: dont hold, but in the market for something at the moment

[Dr_Who]

This is on my watchlist and I am about to do some reading into it.

It is not a good sign when a positive announcement is made and the sp drops. Looks like a large seller out there releasing stock?

[STRAT]

Hi Tommy,
First brought to my attention by Shasta its on my CSG watch list too but now doesnt look like the right time.

[Dr_Who]

The Doc likes MOS.

1.*$23 million cash


2.*614 million shares issued


3.*Drilling Waggamba in June – potential 15 cps reserve


4. *Drilling Freneu in July – potential 29BCF/71MMBO (28 cps)


5.*Profitable company with forecast $5.5 million profit for 2008. PE of less than 13x.


6.*Three successful target wells this year - Taylor-18 (PL 49, Surat-Bowen Basin, Qld), Fairymount-9 (PL 46, Surat-Bowen Basin, Qld), Waggamba-4H (PL 202, Surat-Bowen Basin, Qld).


7.*Drilling for CSG in Cooper Basin.




Please do your own research and seek advice from a finance professional before investing.

diDisc: Shareholder

[ananda77]

MOS:

A reserve base with significant growth potential

• Reserves Position at 30 June 2007:

– 2P: 12.0 MMBOE (52.3 PJ gas; 2.9 MMBO oil/condensate; 105.7K tonnes LPG)
– 3P: 34.6 MMBOE (133.5 PJ gas; 11.1 MMBO oil/condensate; 290.5K tonnes LPG)
�� Over 20 years of 2P Reserve Cover at 0.4 MMBOE pa production rate in 2007

• Market Capitalisation per BOE:

– 2P: A$9.20/BOE
– 3P: A$3.18/BOE

• Growth potential in future commercialisation of discoveries:
– Kimu gas discovery (PNG Foreland)
– Hurricane oil & gas discovery (WA 208P Offshore WA)

• Exploration upside potential:
– Western Surat-Bowen Basin exploration (ATP 471P, ATP 709P & various PLs)
– Offshore Carnarvon Basin (WA-208P)
– Qld Cooper-Eromanga Basin (ATP 934P)

2008 Calendar Year
New Initiatives & New Ventures

• Evaluate Coal Seam Gas (CSM) potential in existing wells

– Technical study for CSM potential in existing wells in Silver Springs area
completed
– Potential incremental gas production from shallower coal seams in well(s) of
depleted deeper gas/oil sandstone reservoirs
– Potentially substantial CSM resources in existing fields with ready
infrastructure

Surat-Bowen Basin
2008 Drilling Program Underway

• Ten well program: currently on 4th well
• Target to expand to 15 wells:
– Agreement with CS Energy could add two
additional Waggamba horizontal wells
(Waggamba 6H & 7H) in Dec 08 Half;
– Continuous evaluation of existing drilling
opportunities; and
– Farm-in and farm-out to manage risk/cost
• Success already recorded at:
– Fairymount-9 (PL 46 MOS 100&#37
– Waggamba-4H (MOS 50% gas & 65%
free oil/condensate)
– Taylor-18 (PL 49 MOS 100%)

Dr Who:

...dipped my toes into this one as well...again; potential at a basement price = yum, yum

Kind Regards and may we be successful