11th Sep 2015 09:42
LONDON (Alliance News) - Mosman Oil and Gas Ltd Friday said it has noted the recent rise in the company's share price and said it is not aware of any other reason for the rise apart from its announcement earlier this month.
Mosman shares were up 34% to 6.85 pence per share on Friday morning.
"Investors should consult the full announcement made by the company on September 3, 2015... save for the acquisition, the company knows no other reason for the movement in its share price," the company said in a statement.
The news on September 3 outlined a conditional sale and purchase agreement with Origin Energy to acquire a onshore producing project, which currently has several revenue streams through the production of oil, condensate, gas, liquefied petroleum gas and electricity.
The project will be renamed the South Taranaki energy project, which will be based on the Manutahi field in the country. The deal includes the acquisition of the Rimu production station, which is located in Mokoia in the Manawapou catchment of the country.
By Joshua Warner; [email protected]; @JoshAlliance
Copyright 2015 Alliance News Limited. All Rights Reserved.
Related Shares:
Mosman Oil & Gas