Mosman Oil and Gas (LON: MSMN) shares are down Thursday after the company said continued delays from the Covid-19 pandemic have impacted EP 145, situated in the Amadeus Basin in central Australia.
Mosman said exploration activities have continued throughout 2021, including the airborne gradiometry acquisition and geological interpretation work.
However, it went on to state that the Covid19 pandemic has disrupted and delayed activities, and it is still causing issues “that must be dealt with.”
Ready to put what you’ve learned into practice?
Try IG’s platform with £10,000 in virtual funds and practise trading
without putting your own money at risk.
Try IG with a demo account →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Learn the markets with IG Academy
Build your knowledge with IG Academy educational content, then use a
demo account to practise what you’ve learned on the IG platform.
Explore IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
See how trading works before risking real money
IG’s demo gives you access to thousands of markets and £10,000 in
virtual funds, so you can explore the platform and test your ideas first.
Open an IG demo →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Turn trading theory into practical experience
Learn with IG Academy, explore charts and market tools, and practise
strategies in a simulated trading environment before going live.
Start practising with IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Ready to take your learning further?
IG combines market education, analysis and an established trading platform,
giving you the tools to keep learning as you develop your trading skills.
Discover IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Mosman Oil and Gas shares have slipped over 3.77% to 0.1445p so far on Thursday.
Despite the delays, the company said that the gravity and gradiometry data analysed by consultants Geognostics has provided positive clarification of the basement structure and composition.
“Given the results and the excellent work by Geognostics, Mosman wish to undertake a follow-up study and are in discussion with Geognostics regarding this work. The project will aim to further update the geological model and petroleum/helium play,” the company said.
Should you invest in Mosman Oil and Gas shares?
Mosman Oil and Gas shares are traded on the London stock exchange’s AIM market (the alternative investment market), which is the submarket specifically for smaller companies. AIM stocks are attractive to investors as they have tax advantages and smaller companies have the potential to benefit from rapid growth. But are MSMN shares the best buy? Our stock market analysts regularly review the market and share their picks for high growth companies
