John Barr, executive chairman, Mosman Oil And Gas Ltd (MSMN.L) Interview
\nJohn W Barr, Chairman of Mosman commented: \u201cI am very pleased to be able to report the flow test at Falcon-1. Once Falcon is onstream.
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\nSummary
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\n\n\n\xb7 Revenue increased c35% to $1.49m
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\n\n\n\xb7 Gross Profit increased 86% to \xa30.71m
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\n\n\n\xb7 Net loss for the year of $4.8m, primarily attributed to a $4.1m Impairment on the carrying value of assets following the demise of the oil price in 2020
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\n\n\n\xb7 Gross Project Production increased 50% to 92,170 BOE 1
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\n\n\n\xb7 Net Production to Mosman increased 24% to 23,117 BOE 1
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\n\n\n1 BOE/boe \u2013 barrels of oil equivalent
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\n\n\n2 Gross Project Production \u2013 means the production of BOE at a total project level (100% basis) before royalties (where Mosman is the Operator) and where Mosman is not the operator the total gross production for the project
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\n\n\n3 Net Production \u2013 Net to Mosman\u2019s Working interest after royalties
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\nPost period US highlights
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\n\n\n\xb7 Stanley-4 drilled and placed on production in September 2020.
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\n\n\n\xb7 Increasing to five producing projects with the Falcon-1 well at Champion completed in November, which is expected to significantly increase production.
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\n\n\nThe Company expects to publish its annual report later this week which will be posted and made available on the Company\u2019s website at www.mosmanoilandgas.com/financial-reports .
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\nhttps://www.share-talk.com/john-barr-executive-chairman-mosman-oil-and-gas-ltd-msmn-l-interview/
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