Share Talk Ltd

John W Barr, Chairman of Mosman commented: “I am very pleased to be able to report the flow test at Falcon-1. Once Falcon is onstream. Summary · Revenue increased c35% to $1.49m · Gross Profit increased 86% to £0.71m · Net loss for the year of $4.8m, primarily attributed to a $4.1m Impairment on the carrying value of assets following the demise of the oil price in 2020 · Gross Project Production increased 50% to 92,170 BOE 1 · Net Production to Mosman increased 24% to 23,117 BOE 1 1 BOE/boe – barrels of oil equivalent 2 Gross Project Production – means the production of BOE at a total project level (100% basis) before royalties (where Mosman is the Operator) and where Mosman is not the operator the total gross production for the project 3 Net Production – Net to Mosman’s Working interest after royalties Post period US highlights · Stanley-4 drilled and placed on production in September 2020. · Increasing to five producing projects with the Falcon-1 well at Champion completed