By Ben Turney | Wednesday 13 August 2014
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
I had a good old chuckle yesterday when I read Mosman Oil & Gas’ (MSMN) latest promotional ramp... sorry, I mean RNS. Whatever else is said about this company, these guys have been brilliant at devising new ways of hinting at a worthwhile oil discovery without telling any lies or actually claiming what they have found is commercial. The company’s announcements have been true works of art. Sadly for Mosman’s directors it looks like the fun and games are now over. In suggesting that the little dribble of oil found settled on the mud at Crestal-1 could have similar properties to the apparently much-tested Kotuku oil seep, I bet they were surprised to see their company’s share price fall a penny to 21.5p. Something tells me that wasn’t part of the plan...
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