The latest update is out from Mosman Oil and Gas ( (GB:MSMN) ).
Mosman Oil and Gas Limited reported a net loss of $2.54 million for the six months ending December 31, 2024, primarily due to impairments and losses from discontinued operations. The company focused on expanding its helium exploration projects in the USA, including acquiring additional interests in the Vecta Helium Project and the Sagebrush Project in Colorado. Mosman also streamlined its portfolio by selling certain Australian assets and converting interests to royalties, aiming to strengthen its working capital position. These strategic moves are intended to enhance Mosman’s focus on helium projects, which are seen as having significant growth potential.
More about Mosman Oil and Gas
Mosman Oil and Gas Limited is a company engaged in the exploration, development, and production of helium, hydrogen, and hydrocarbons, with projects located in the United States and Australia. The company’s strategic focus is on identifying opportunities that provide operating cash flow and development potential, particularly in the helium sector in the USA, which offers lower costs and proximity to infrastructure and markets.
YTD Price Performance: -6.67%
Average Trading Volume: 317,410,172
Technical Sentiment Signal: Buy
Current Market Cap: £5.57M
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