Report

Initiation: Upside down under; Murchison is focus

Mosman has been very active since listing in early 2014. The latest assets in the portfolio, Murchison, obtained in the last NZ licencing round, hold company-making prospective resources of 13tcf and are the predominant focus at present. The company also holds assets that could add value in the longer term (outside our 18-month RENAV window). The Australian portfolio could contribute to news flow but eyes are focused on the Murchison exploration permit in New Zealand (NZ). We initiate with a RENAV of 6.3p/share.
Underlying
Mosman Oil And Gas

Mosman Oil and Gas is a New Zealand and Australia oil exploration and development company. Co. is engaged in examining resource opportunities in overlooked and emerging resource areas. Co. objective is to discover economic oil and gas reserves and realize value through the development, joint venture or sale of its oil and gas interests.

Provider
Edison Investment Research
Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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