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‘Crypto and Black Gold – Higher the Risk, Higher the Reward’

By Arjun Thakkar and Alan Green

Bitcoin worth more than $200bn was wiped off the crypto market on 12th of May. The crash in the BTC price accompanied a generally volatile and uncertain stock market that has seen the Dow Jones and FTSE100 down by 12.7% and 3.7% respectively from the start of the year. The core principle of the markets has always been higher the risk, higher the reward, but the current downward spiral seems to be driven by a perfect storm of events. Is this therefore the end of a bullish run for assets and the risk is too high now for any reward, or are we just seeing a major correction?

The key uncertainty spooking the markets are the high inflation rates. These are being driven by a number of factors, including supply chain problems from China, the Russia-Ukraine war and consequential 25% hike in the price of wheat. Interest rate hikes from the Fed and BoE are pushing borrowing costs higher and driving a sell-off in markets and crypto.

In these uncertain markets investors look for safe investments and the increase in interest rates in 2022 by 0.5% and 0.75% by the BoE and Fed respectively have made cash savings more attractive, leading to a massive sell off in stocks. Added to this, the hitherto stellar performances from crypto assets such as BTC and ETH have prompted well-heeled crypto investors to take their money off the table,  further driving the down turn in crypto market valuations.

Supply chain issues continue to act as a drag. China accounts for around 13% of the global trade, and China’s zero tolerance approach towards Covid has led to a lockdown in the country, which has partly resulted in huge levels of shipping congestion near the Chinese ports. Companies such as Tesla have lost about a month of work because of the Shanghai lockdown, and some other companies claim that an “abnormally high” level of inventory was in transit, unavailable or held at ports, sending the stock market into a frenzy. (Bloomberg, 2022)

 

Image: World Bank

Along with the supply chain crisis, the Russia-Ukraine war has played a significant part in the fortunes of both stock and crypto markets. Russia previously supplied the European continent with 40% of its natural gas and 25% of its oil. The subsequent sanctions and ban on Russian imports sent the price of oil soaring to $109/barrel, driving inflation, and while some of the oil majors and smaller listed oilco’s are now trading at multi year highs, the uncertainty has weighed heavily on the markets.

The impact of higher oil prices has also impacted positively on companies at the junior end of the market. Echo Energy (AIM: ECHO) which has a license portfolio of 12 producing oil and gas fields with infrastructure in Santa Cruz Sur region of Argentina, found itself in the midst of this global demand for oil. Since the start of the Russia-Ukraine war (24th February 2022), Echo Energy shares have risen by 13.1% and at one point (22nd April) had returned its investors a 47% share price increase since the start of the war.

 

Source: Echo Energy

Whatever phrase you might use to describe it – end of bull run or correction – bitcoin has fallen to its lowest levels in years – $29,000. A number of factors can be attributed, but one key driver has been the collapse of so called stable coin terraUSD (UST), which as a supposedly stable asset, fell from a high of $118 (£96) to $0.4, rocking the crypto currency markets and having a knock-on effect on other stablecoins. The companies behind stablecoins try to ensure they remain in parity with assets such as the US dollar, so one token will equal $1. The collapse of a stablecoin has fundamentally weakened crypto assets for the present, but despite this, after touching $29,000, BTC rocketed 7.6% to $31,200 in one day, demonstrating that there is a chance for brave traders to turn a profit during these volatile times.

This volatility also boosted cryptocurrency transaction volumes on platforms like Binance and Hotcoin Global, which on 11th May 2022 saw 24hr trading volumes of $27.44bn and $10.27bn respectively, generating spectacular platform commission in the process.

There has also been a consequential read over for listed blockchain and crypto companies such as dual listed Coinsilium (AQX: COIN, OTCQB: CINGF), which is a blockchain, open finance, and crypto finance venture builder. Coinsilium shares fell to $0.025 on May 12th, but the next day shares rocketed to $0.039, providing a 24hr return of 56%. The drop in price for # Coinsilium can be attributed to systematic (market) risk and macro-economic factors such as inflation and the collapse in stable coin terraUSD.

 

 

While cryptocurrency continues to fluctuate, of course share price performance can be driven by stock specific issues in addition to macro factors. In the case of Coinsilium, in addition to a substantial amount of cash reserves held in crypto currency, the company is growing through its strong fundamentals and most recently a positive response to its recent seed investment in Yellow Network, the first broker clearing network for cryptocurrency exchanges, brokers and trading institutions. Yellow Network assists and develops mesh networks of crypto brokers and traders to execute ultra-high speed trading via decentralised exchanges. With such high volatility and huge transaction volumes in the crypto markets, Coinsilium’s Yellow Network investment could see it benefit from substantial, volume based commission revenues in the future.

What both Echo Energy and Coinsilium fundamentals demonstrate here, is that despite the market turmoil and highly uncertain outlook, they both depict the core principle of the markets – ‘higher the risk, higher the reward.

#MSMN Mosman Oil and Gas – Amadeus Basin EP-145 Update

Mosman Oil and Gas Limited (AIM: MSMN) the oil exploration, development, and production company, announces the completion of the on-site portion of the Environmental Survey at EP-145, located in the Amadeus Basin in the Northern Territory, Australia.

The Environmental Survey was completed on schedule and initial results have been received. The next step is the receipt of the final report and submission to the NT government.

This Environmental Survey was one of the pre-requisites to seismic acquisition. The other pre-requisite is approval for acquisition from organisations representing native title parties.

Representatives from the Company will be travelling to Alice Springs in April to meet with the Central Land Council (‘CLC’) and to attend the annual technical conference.

John W Barr, Chairman, said : “Mosman is pleased to achieve the next step in the approval process at EP-145 and is following up on the outstanding final reports with vigor.

“The Amadeus Basin is considered an important asset with considerable exploration upside which needs ongoing work to prove the concepts and resources.”

 

Mosman Oil & Gas Limited John W Barr, Executive Chairman Andy Carroll, Technical Director

jwbarr@mosmanoilandgas.com acarroll@mosmanoilandgas.com

NOMAD and Broker

SP Angel Corporate Finance LLP

Stuart Gledhill / Richard Hail / Adam Cowl

+44 (0) 20 3470 0470

Alma PR

Justine James / Joe Pederzolli

+44 (0) 20 3405 0205

+44 (0) 7525 324431

mosman@almapr.co.uk

Joint Broker

Monecor (London) Ltd trading as ETX Capital Thomas Smith

020 7392 1432

#MSMN Mosman Oil and Gas – Stanley-4 First Gas and Oil Production

Mosman Oil and Gas Limited (AIM: MSMN) the oil exploration, development, and production company, announces initial gas production from the Stanley-4 well in East Texas. Mosman has a 36.5% Working Interest.

The Stanley-4 well has been connected to the recently completed gas infrastructure. The initial gross flow rate is circa 275 thousand cubic feet per day (mcfpd), which is circa 53 barrels of oil equivalent per day (boepd). In addition, 6 barrels of oil (bopd) were produced bringing the initial daily production to 59 boepd. The well will be monitored, and production rate optimized.

The other well recently connected to the gas infrastructure is the Winters-2 well. Mosman has c23% working interest. Gross production rate from 7 to 11 March averaged 657 thousand cubic feet per day (mcfpd) which is circa 127 barrels of oil equivalent per day (boepd). In addition, 10 barrels of oil per day (bopd) were produced bringing the 5 day average production to 137 boepd.

John W Barr, Chairman, said: “It is pleasing to see Stanley-4 producing oil and gas and we are encouraged by the oil production data at Winters-2. Going forward, the gas infrastructure will be useful in optimizing production, for example by enabling gas lift on other Stanley oil wells.”

Alan Green discusses #RBG Revolution Bars, #POW Power Metal Resources & #ECHO Echo Energy on the Vox Market Podcast

Alan Green discusses #RBG Revolution Bars, #POW Power Metal Resources & #ECHO Echo Energy on the Vox Market Podcast

Listen to the podcast here

#MSMN Mosman Oil and Gas – Winters-2 First Gas Production

Mosman Oil and Gas Limited (AIM: MSMN) the oil exploration, development, and production company, announces initial production from the Winters-2 well in East Texas.

The initial flow rate is circa 545 thousand cubic feet per day (mcfpd), which is circa 105 barrels of oil equivalent per day (boepd). This well and equipment will be monitored, and the initial rate may be adjusted in due course. Mosman has c23% working interest (‘WI’) in Winters-2.

The new production will add significantly to the average daily gross production which was 164 boepd in the December 2021 quarter.

Onsite focus has now moved to establishing production from Stanley-4 (Mosman 36.5% WI). Production rates from that well will be announced shortly.

John W Barr, Chairman, said: “Mosman is pleased to see that following completion of gas infrastructure, enabling gas production from the Winters and Stanley leases,  this initial flow rate is an excellent starting point and we look forward to continuing to build our production base.”

Market Abuse Regulation (MAR) Disclosure

The information contained within this announcement is deemed by the Company to constitute

inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (‘MAR’) which has been incorporated into UK law by the European Union (Withdrawal) Act 2018. Upon the publication of this announcement via Regulatory Information Service (‘RIS’), this inside is now considered to be in the public domain.

Enquiries:

Mosman Oil & Gas Limited John W Barr, Executive Chairman Andy Carroll, Technical Director

jwbarr@mosmanoilandgas.com acarroll@mosmanoilandgas.com

NOMAD and Broker

SP Angel Corporate Finance LLP

Stuart Gledhill / Richard Hail / Adam Cowl

+44 (0) 20 3470 0470

Alma PR

Justine James / Joe Pederzolli

+44 (0) 20 3405 0205

+44 (0) 7525 324431

mosman@almapr.co.uk

Joint Broker

Monecor (London) Ltd trading as ETX Capital Thomas Smith

020 7392 1432

Alan Green discusses #BP BP, #BVC BATM Advanced Comm, #KAV Kavango Resources, #MSMN Mosman O&G & #MCLS McColl’s in Vox Market Podcast

Alan Green discusses #BP BP, #BVC BATM Advanced Comm, #KAV Kavango Resources, #MSMN Mosman O&G & #MCLS McColl’s on the Vox Market Podcast

#MSMN Mosman Oil and Gas – CLC Permit Issued for EP-145 Environmental Survey

Mosman Oil and Gas Limited (AIM: MSMN) the oil exploration, development, and production company, is pleased to announce an update on EP-145 located in the Amadeus Basin, Northern Territory of Australia, which is prospective for oil and gas, hydrogen and helium.

On 25 February, the Central Land Council (“CLC”) issued a Permit and Authority to enter and remain on Aboriginal Land and/or Community Living Areas for the area which is covered by EP-145 (the “CLC Permit”).

The CLC Permit for four months will allow Mosman to undertake an environmental survey which is required prior to the planned 2-D seismic acquisition programme.

This enables Mosman to proceed with the environmental survey which is scheduled to be completed in March 2022.

John W Barr, Chairman, said: “Mosman is pleased to secure the CLC Permit on EP-145 now enabling the environmental survey to proceed. This survey and a CLC heritage clearance survey are the only on-site survey requirements prior to the seismic acquisition.

“Interpretation of the resulting seismic will be important in assisting Mosman to refine further our technical understanding of the sub surface structures and identify future drilling locations in EP-145 which is prospective for oil and gas, hydrogen and helium.”

Market Abuse Regulation (MAR) Disclosure

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (‘MAR’) which has been incorporated into UK law by the European Union (Withdrawal) Act 2018. Upon the publication of this announcement via Regulatory Information Service (‘RIS’), this inside is now considered to be in the public domain.

Enquiries:

Mosman Oil & Gas Limited John W Barr, Executive Chairman Andy Carroll, Technical Director

jwbarr@mosmanoilandgas.comacarroll@mosmanoilandgas.com

NOMAD and Broker

SP Angel Corporate Finance LLP

Stuart Gledhill / Richard Hail / Adam Cowl

+44 (0) 20 3470 0470

Alma PR

Justine James / Joe Pederzolli

+44 (0) 20 3405 0205

+44 (0) 7525 324431

mosman@almapr.co.uk

Joint Broker

Monecor (London) Ltd trading as ETX Capital Thomas Smith

020 7392 1432

#MSMN Mosman Oil and Gas – Director/PDMR Shareholding

Mosman Oil and Gas Limited (AIM: MSMN) the oil exploration, development, and production company, announces that on 3 February 2022, the Company was notified that John W Barr, Executive Chairman of the Company, transferred 25 million ordinary shares from Kensington Advisory Services P/L to Kensington Consulting P/L which acts as trustee of the Barr Superfund, at a price of AUD50,000.

 

Following the transaction, there is no change in John Barr’s beneficial ownership, which remains at 82,354,584 Ordinary Shares, representing 2.14% of the Company.

 

Enquiries:

Mosman Oil & Gas Limited John W Barr, Executive Chairman Andy Carroll, Technical Director

jwbarr@mosmanoilandgas.com acarroll@mosmanoilandgas.com

NOMAD and Joint Broker

SP Angel Corporate Finance LLP

Stuart Gledhill / Richard Hail / Adam Cowl

+44 (0) 20 3470 0470

Alma PR

Justine James / Joe Pederzolli

+44 (0) 20 3405 0205

+44 (0) 7525 324431

mosman@almapr.co.uk

Joint Broker

Monecor (London) Ltd trading as ETX Capital Thomas Smith

020 7392 1432

#ECHO Echo Energy – Total Voting Rights

echo

Echo Energy, the Latin American focused full cycle energy company announces, in accordance with the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules, the following information as at 31 January 2022:

 

 

Class of share

 

Total number of shares

 

Number of voting rights per share

 

Total number of voting rights per class of share

 

 

Ordinary shares of 0.25p each (“Ordinary Shares”)

 

 

1,452,491,345

 

1

 

1,452,491,345

 

 

No Ordinary Shares are held in treasury.

 

The above figure for total number of Ordinary Shares may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or change to their interest in, the Company under the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.

#MSMN Mosman Oil and Gas – Winters-2 update

Mosman Oil and Gas Limited (AIM: MSMN) the oil exploration, development, and production company, announces an update to the Winters-2 well, where Mosman owns a c23% Working Interest.

As previously announced, the well was recompleted in the Wilcox sand at a depth of 6,695-6,700 feet.

The well has now been flow tested with an adjustable choke and flowed at rates of 576-624 mcfd (gross) over an 8 hour period on an 8/64 choke

The well will be put on production once installation of gas infrastructure is completed, anticipated to be later this quarter. The initial production rate is expected to be in this 576-624 mscfd (gross) range (110 to 120 boepd), subject to operational considerations.

John W Barr, Chairman, said “I am pleased to be able to report the successful test of Winters-2. As highlighted in the recent production update Mosman continues to build the Company’s production base and we look forward to providing further updates in due course.”

 

Mosman Oil & Gas Limited John W Barr, Executive Chairman Andy Carroll, Technical Director

jwbarr@mosmanoilandgas.com acarroll@mosmanoilandgas.com

NOMAD and Joint Broker

SP Angel Corporate Finance LLP

Stuart Gledhill / Richard Hail / Adam Cowl

+44 (0) 20 3470 0470

Alma PR

Justine James / Joe Pederzolli

+44 (0) 20 3405 0205

+44 (0) 7525 324431

mosman@almapr.co.uk

Joint Broker

Monecor (London) Ltd trading as ETX Capital Thomas Smith

020 7392 1432

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