NZX Announcement: Mosman advises proposed acquisition of Trident Energy

Dear Aorere Resources shareholder,

This announcement has just been released to NZX.

Regards,

Chris Castle

Managing Director

Aorere Resources Limited

chris@widespread.co.nz

Cell: +64 21 558 185

www.aorereresources.co.nz

2 July 2014

NZX Announcement

Mosman advises proposed acquisition of Trident Energy 

Aorere Resources Limited holds approximately 13.1% of this AIM listed company, and will hold 12.3% after the Trident acquisition is completed. 

Mosman released the following announcement in London today.

Our Mosman shareholding now has a present market value of NZD 5.3 million, based on the present market price of 26.6 pence. As a result the undiluted net asset backing of an Aorere share (including all significant portfolio assets at market value) is now 1.73 cents. 57% of that value is represented by the Mosman shareholding.

Interestingly Aorere’s present market value at the most recent trade of 0.8 cent per share is NZD 5.4 million.

Regards,

Chris Castle, Managing Director

Aorere Resources Ltd

London, 2 July 2014

 2 July 2014

Mosman Oil and Gas Limited

Acquisition of Trident Energy Limited

Mosman Oil and Gas Limited (AIM: MSMN), the New Zealand and Australia focused oil exploration and development company, has entered into a binding Bid Implementation Agreement ("BIA") pursuant to which it is proposing to acquire all of the issued shares in Trident Energy Limited ("Trident"), an Australian unlisted public company with onshore and offshore oil interests in Australia ("Acquisition").

Acquisition Highlights

·     The Acquisition will complement and expand Mosman's regional exploration portfolio.

·     Trident has three exploration assets located in the highly prospective Canning, Amadeus and Otway basins, providing Mosman with exposure to both conventional and unconventional oil and gas opportunities: 

-  VIC/P62 in the Otway Basin

-  EPA 145 in the Amadeus Basin

-  EP 478 in the Canning Basin

·     The total consideration comprises circa £1.6m (based on the current share price of 23p and an exchange rate of £1:A$1.813) payable in three tranches:

-  The issue of 2,892,978 Mosman Shares to acquire 100% of the issued share capital of Trident

-  Settlement of outstanding loans and directors' fees by the issue of 2,147,427 Ordinary Shares (the "Loan Shares")

-  Settlement of outstanding creditors by the issue of up to 308,113 Ordinary Shares (the "Creditor Shares") and

-  An agreement to provide a loan of up to A$750,000 to Trident

The Mosman board believes this represents a low entry price for a portfolio of three permits in these highly sought after locations, increasing the portfolio from two to five permits with minimal dilution

John W Barr, Executive Chairman of Mosman commented:  "The Trident acquisition complements Mosman's existing Petroleum Creek and Officer Basin projects, ensuring that Mosman has a diversified asset portfolio in five prospective hydrocarbon regions.

"Exploration of the 5 permits is fully funded and we believe the enlarged portfolio will deliver operational activity and exploration milestones in the coming months and years.

"As we stated at IPO in March, Mosman's strategy is to develop the business organically and by acquisition, which we are delivering both in only four months since IPO, having achieved the recent oil discovery at Cross Roads-1 and now our first acquisition."

 Enquiries:

Mosman Oil & Gas Limited

John W Barr, Executive Chairman

Andy Carroll, Technical Director

jwbarr@mosmanoilandgas.com

acarroll@mosmanoilandgas.com

SI Capital Limited

Nick Emerson/Andy Thacker

+44 (0) 1483 413500

Gable Communications

Justine James/John Bick

+44 (0) 20 7193 7463

mosman@gablecommunications.com

ZAI Corporate Finance Limited

Tom Price/John Simpson

+44 (0) 20 7060 2220

NZX Announcement: Mosman provides weekly update

Dear Aorere Resources shareholder,

This announcement has just been filed with NZX and will be released before the market opens this morning.

Regards

Chris Castle

Managing Director

Aorere Resources Limited

chris@widespread.co.nz

Cell: +64 21 558 185

www.aorereresources.co.nz

30 June 2014

NZX Announcement

Mosman provides weekly update 

Aorere Resources Limited now holds approximately 13.1% of this AIM listed company.

Mosman released the following announcement in London today.

Our Mosman shareholding now has a present market value of NZD 4.5 million, based on the present market price of 22.5 pence. As a result the undiluted net asset backing of an Aorere share (including all significant portfolio assets at market value) is now 1.54 cents. 53% of that value is represented by the Mosman shareholding.

Regards,

Chris Castle, Managing Director

Aorere Resources Ltd

London, 30 June 2014

30 June 2014

 Mosman Oil and Gas Limited

Petroleum Creek Project Weekly Update

Mosman Oil & Gas (AIM: MSMN), the New Zealand and Australia focused oil exploration and development company, advises on the latest progress on its drilling programme at the Petroleum Creek Project, New Zealand.

The Drill Force Rig #1 crew is moving the rig to the Crestal-1 location and drilling on this well will start in a few days. Anticipated activity this week is to drill to total depth of 250 m, complete wireline logs, and then suspend the well for future testing.

Mosman has started to acquire the additional seismic required to rank the following prospects, to select the best locations in order to drill a further four wells during 2014: Crestal-2, Blair Road, Big Rock, Killeen, Molloy's Creek, Bells Gully, Pipers Creek and Onganui (a new prospect resulting from further SRK work on the seismic data base).

Geological and geophysical work continues. This foundation work is essential to ensure the sensible exploration of the permit. Seismic data obtained in the next few months will be incorporated in models, and decisions on which wells to drill next will be made in October, with the next phase of drilling expected to commence in November 2014.

Now that the Company has drilling information from the Cross Roads-1 Oil Discovery, including identified discovery zones in the Eight Mile and the visible oil in the Cobden limestone, Mosman is planning an extended well test to flow both the Cobden and Eight Mile formations. Whilst there is visible oil in the Cobden limestone core at Cross Roads-1, the wireline logs are not conclusive, and Mosman has determined that a flow test is required to determine whether or not the Cobden limestone oil qualifies as an additional discovery.

Mosman has started to contract, design, procure and deliver testing equipment and personnel, in order to undertake extended flow periods of up to 60 days on each test zone to start as soon as is practical. The design will be applicable to testing the Cross Roads-1 well and any additional discoveries made. The testing equipment will be designed to move from one location to the next to test wells in an orderly sequence.

John W Barr, Executive Chairman of Mosman commented: "Operational decisions continue to drive Mosman's activities at Petroleum Creek as we move from exploration to appraisal, and hopefully eventually production. In Australia the team has been working hard on proposed acquisitions which will significantly increase the future operations of the Company."

 Investor presentations

Andy Carroll and John W Barr will be in London presenting at the Oil Barrel conference on 2 July, and at the Proactive Investors event on 10 July. Both events are recommended to investors.

 Competent Person's Statement

The information contained in this announcement has been reviewed and approved by Andy Carroll, Technical Director for Mosman Oil and Gas, who has over 35 years of relevant experience in the oil industry. Mr Carroll is a member of the Society of Petroleum Engineers.

Aorere chairman outlines new projects goal

Aorere chairman outlines new projects goal

The proposal by Aorere Resources Ltd (NZX: AOR) to take up new resource projects in New Zealand could see the company advancing them for joint ventures.

Company chairman Dene Biddlecombe said in the company’s latest annual report that the unnamed projects being examined were considered to have strong potential.

He cited the successful progression of the Kotuku oil seeps prospect near Greymouth by Mosman Oil & Gas Ltd, which farmed in on the property and then took it over after making Aorere a significant shareholder.

Success with this project, which has happened since the annual report’s reporting period, has not only enhanced Mosman but also Aorere.

Biddlecombe said the year to March 31 had been a period of consolidation for the company and had allowed Aorere to identify local projects that could provide the impetus for growth over the next two to three years.

Aorere is a significant shareholder in Chatham Rock Phosphate Ltd (NZAX: CRP) which experienced a delay in the securing of its mining permit to recover phosphate nodules from the Chatham Rise seabed.

Biddlecombe said directors were aware when CRP began to advance Chatham Rise that the mineral sector was ceasing to be in a growth phase. So, the company decided to wait for the business cycle to move forward - with the Mosman Oil deal a positive result.

As a result, for the financial year, Aorere’s equity funds rose from $4.5 million to $5.1 M predominantly through the issuing of shares in Mosman and gains in the value of the company’s investment in that AIM-listed oil explorer.

Biddlecombe said that of the September general election, Aorere hoped an incoming government will recognize the importance of the extraction industries to New Zealand’s economic future.

Annual report. (391.5 kilobytes)

Chris Castle

Managing Director

Aorere Resources Limited

chris@widespread.co.nz

Cell: +64 21 558 185

www.aorereresources.co.nz

NZX Announcement: Mosman Oil & Gas Weekly Update

24 June 2014

NZX Announcement

Mosman provides weekly update

Following recent placements by Mosman Oil and Gas, Aorere Resources Limited now holds approximately 13.1% of this AIM listed company.

Mosman released the following announcement in London today.

Our Mosman shareholding now has a present market value of NZD 4 million, based on the present market price of 20 pence. As a result the undiluted net asset backing of an Aorere share (including all significant portfolio assets at market value) is now 1.56 cents. 47% of that value is represented by the Mosman shareholding.

Regards,

Chris Castle, Managing Director

Aorere Resources Ltd

23 June 2014

Mosman Oil and Gas Limited

Weekly Project Update

Mosman Oil & Gas (AIM: MSMN), the New Zealand and Australia focused oil exploration and development company, advises on latest progress at its Petroleum Creek Project as follows.

The Cross Roads-1 well has been halted at 335m, for future re-entry and testing. The Oil Discovery in the Eight Mile formation means the exploration phase has been successful and signals the start of the appraisal phase. Meetings will be held next week to review the core and wireline log data obtained, and to consider the next steps. This includes laboratory analysis of core data, review of the geological model and detailed well test design. The team will also review the mapped extent of the accumulation and consider what additional information is required to determine contingent resources.

As previously reported the Cobden limestone had oil shows in the bottom of the 8.5 inch hole at 241m and in the first 6m of core (242m to 247m). Evidence of fracturing then increased, significant mud losses occurred, and oil shows ceased. Wireline logs were performed and reviewed by independent consultants and it has been determined that the logs for the Cobden limestone are inconclusive and further analyses and tests are required.

This has no effect on the Oil Discovery reported for the Eight Mile formation.

Cross Roads-1 was cored and drilled to near-basement at 335m, and 4.5 inch casing run and cemented to allow future cased hole testing of the Cobden and Eight Mile formations. Due to extended coring and logging operations created by the previously reported oil shows, and minor rig equipment delays, the well has taken a few days longer than anticipated. In accordance with operational Health Safety and Environment (HSE) requirements, the rig crew is now on break time. From an HSE perspective, we are pleased to report there been no HSE incidents. The rig, crew and service company performance has been excellent.

With the new geological information acquired and the encouraging results, Mosman (in consultation with its existing resource consultants, and now additional petroleum engineers), is reviewing the 2014 forward programme at Petroleum Creek. Of note is an increased focus on the seismic defined flank prospects near Cross Roads-1. These include the Blair, Pipers Creek, No Town Track and Bells Gully prospects, which were previously identified by SRK. At this stage it is anticipated that some of these locations could be ready to drill in the next few weeks. The prospects and logistics are being reviewed to determine the optimal well design and the sequence of drilling. The recent funding allows important foundation work to be undertaken, such as additional technical studies and seismic acquisition and re-processing, as well as operational improvements such as the purchase of the currently rented property to provide the local base camp and storage area.

 Given the recent capital raising, and the success at Cross Roads-1, it is now anticipated that at least 4 and possibly 5 or 6 wells may be drilled in 2014. Planning has also commenced on seismic targets which may be acquired in the near term.

 John W Barr, Executive Chairman of Mosman commented: "Cross Roads-1's success has brought early exploration success and as a result we are making every effort to increase and maximize the exploration efforts in 2014. Focus has now broadened to review and appraisal and resetting priorities for the next few months."

Investor presentations

John W Barr and Andy Carroll will be in London presenting at the Oil Barrel conference on 2 July, and at the Proactive Investors event on 10 July. Both events are recommended to investors.

Competent Person's Statement

The information contained in this announcement has been reviewed and approved by Andy Carroll, Technical Director for Mosman Oil and Gas, who has over 35 years of relevant experience in the oil industry.  Mr Carroll is a member of the Society of Petroleum Engineers (SPE).

NZX Announcement: Mosman reports oil discovery at Kotuku prospect

14 June 2014

NZX Announcement

Mosman reports oil discovery at Kotuku prospect

Aorere Resources Limited holds approximately 15.8% of AIM listed Mosman Oil and Gas Limited.

Mosman released the following announcement in London yesterday. Following the announcement the Mosman share price moved from ~11 pence to a peak of 42.9 pence before closing at 37. Trading volumes were very high relative to the free trading (i.e. not locked up by AIM rules) stock available to be traded. 

Our Mosman shareholding now has a present market value of NZD 7.4 million, based on today’s closing price. As a result the undiluted net asset backing of an Aorere share (including all significant portfolio assets at market value) is now 2.22 cents, compared with 1.37 cents as at 31 May. The most recent market price for AOR is 0.8 cents.

Regards,

Chris Castle, Managing Director

Aorere Resources Ltd

13 June 2014

Mosman Oil and Gas Limited

("Mosman" or the "Company")

Cross Roads-1 Oil Discovery

Mosman Oil & Gas (AIM: MSMN), the New Zealand and Australia focused oil exploration and development company, is pleased to announce an Oil Discovery (as defined below) at its Petroleum Creek Project in New Zealand.

Drilling commenced at Cross Roads-1 last week and the Company has been advised by its technical and legal advisors that in accordance with the New Zealand legislation the data from work completed to date meets the definition of a Discovery and the regulations require this to be reported to New Zealand Petroleum & Minerals ("NZPAM").

The core and wireline logs indicate two zones each 8.5 metres thick in the Eight Mile formation have good porosity (10 to 20%) and significant moveable oil for a total potential pay of 17 metres.

In addition, the well has now been drilled to 243 metres where the Cobden limestone was encountered. The cuttings sample from this depth had oil shows (cut and fluorescence). 7 inch casing has now been set and cemented. Once blow out preventers ("BOPs") are installed and pressure tested, coring will commence to test the Cobden limestone.

Drilling will then continue until total depth estimated to be circa 350-400metres.

Mosman has started detailed planning for the testing and appraisal programme once drilling at Cross Roads-1 has been completed.

The weekly drilling update is anticipated to be released on Monday 16 June 2014 following the ongoing drilling.

John W Barr, Executive Chairman of Mosman commented: "We are delighted to get an Oil Discovery in the first half of the first well, so soon after drilling commenced at Cross-Roads 1. We are now encouraged by the oil shows in the Cobden limestone and look forward to seeing the results from drilling the rest of this well. The results to date appear to be a "proof of concept" for the 22 prospects and leads identified by geophysics at Petroleum Creek in addition to the Crestal area."

 Competent Person's Statement

The information contained in this announcement has been reviewed and approved by Andy Carroll, Technical Director for Mosman Oil and Gas, who has over 35 years of relevant experience in the oil industry.  Mr Carroll is a member of the Society of Petroleum Engineers (SPE). The petrophysical analysis of wireline logs that established moveable hydrocarbons logs was completed by Kiwi Well Evaluation Limited and SRK.

 Definition of Oil Discovery in NZ

In accordance with the New Zealand legislation a petroleum discovery is considered to be established when there are significant moveable hydrocarbons in the drilling column as a result of exploration and/or appraisal well drilling operations, or well stimulation operations. Moveable hydrocarbons can be related to a sub-surface deposit which can be established through testing, sampling, and/or logging.

Significant moveable hydrocarbons are considered to exist if there is evidence of a sufficient quantity of petroleum to justify further appraisal activities.

Enquiries

Mosman Oil & Gas Limited

John W Barr, Executive Chairman

Andy Carroll, Technical Director

jwbarr@mosmanoilandgas.com

acarroll@mosmanoilandgas.com

SI Capital Limited

Nick Emerson/Andy Thacker

+44 (0) 1483 413500

NZX Announcement: Crossroads-1 Drilling Update

Dear Aorere Resources Limited shareholder.

This announcement has just been filed with NZX and will be released before the market opens this morning.

Regards,

Chris Castle

Managing Director

Aorere Resources Limited

chris@widespread.co.nz

Cell: +64 21 558 185

www.aorereresources.co.nz

Cross Roads-1 Drilling Update

Mosman Oil & Gas (AIM: MSMN), the New Zealand and Australia focused oil exploration and development company, is pleased to advise drilling progress at its Petroleum Creek Project as follows.

At midnight (NZ time) on Sunday 8 June, Cross Roads-1 has reached a depth of 172m. Due to oil shows (fluorescence) at 146m, drilling was stopped and coring commenced. Oil shows (fluorescence and cut) and visible oil on core from 151m continue to the current depth of 172m.

The rock samples and core are interpreted to be from the Eight Mile conglomerate formation, as expected at this depth. Coring is providing valuable rock and fluid information, and will continue. Due to the oil shows, additional wireline logs will now be run in this 8.5 inch hole section and the Company will update shareholders accordingly once full data analysis has been completed.

Anticipated operations for this week commencing 9 June include setting the 7 inch casing, coring the remainder of the Eight Mile formation, drilling and coring the Miocene sandstone and Cobden Limestone targets and drilling to basement.

Following drilling operations on Cross Roads-1, the Drill Force rig is scheduled to be moved to the nearby Crestal-1 site to drill that well. The Crestal-1 site is "ready to drill", and the Crestal-2 site preparations are progressing well. The Mosman Board is conducting a site visit, HSE audit, and meeting stakeholders in the area including the West Coast Regional Council, landowners and service providers. The community feedback on our operations is positive.

John W Barr, Executive Chairman of Mosman commented: "Whilst it is still early days, we are pleased with the encouraging results so far. Oil shows indicate a technical success, but it is too early to make any comment on the commercial significance. The operations are going well and the geology is as expected. We look forward to additional results including ongoing cores and wireline logs and will provide further advice as and when appropriate."

Competent Person's Statement

The information contained in this announcement has been reviewed and approved by Andy Carroll, Technical Director for Mosman Oil and Gas, who has over 35 years of relevant experience in the oil industry.  Mr. Carroll is a member of the Society of Petroleum Engineers (SPE).

Enquiries

 Mosman Oil & Gas Limited

John W Barr, Executive Chairman

Andy Carroll, Technical Director

jwbarr@mosmanoilandgas.com

acarroll@mosmanoilandgas.com

SI Capital Limited

Nick Emerson/Andy Thacker

+44 (0) 1483 413500

NZX Announcement : Mosman spuds first well at Kotuku prospect

Dear Aorere Resources shareholder,

The following announcement was filed with NZX a few minutes ago and will be released before the market opens on Monday.

Regards,

Chris Castle

Managing Director

Aorere Resources Limited

chris@widespread.co.nz

Cell: +64 21 558 185

www.aorereresources.co.nz

7 June 2014

NZX Announcement

Mosman spuds first well at Kotuku prospect

Aorere Resources Limited holds approximately 15.8% of AIM listed Mosman Oil and Gas Limited.   This shareholding has a present market value of NZD 2.4 million and represents 34% (at market value) of the Aorere portfolio.   Mosman released the following announcement in London last night.

Regards,

Chris Castle, Managing Director

Aorere Resources Ltd

6 June 2014

Mosman Oil and Gas Limited

("Mosman" or the "Company")

 Petroleum Creek Drilling Commences

 Mosman Oil & Gas (AIM: MSMN), the New Zealand and Australia focused oil exploration and development company, announces that drilling has started (spudded) today, on the first of its three planned wells in the 2014 drilling programme, at its Petroleum Creek Project in New Zealand.

 On the first well, Cross Roads-1, Mosman plans to test Eight Mile and Cobden Limestone formations known to contain oil in offset wells.  The well is being drilled vertically from a newly constructed well pad to an expected total depth of 400 m.

 Mosman plans to release weekly drilling updates over the coming weeks.

 John W Barr, Executive Chairman of Mosman commented: "We are pleased to commence drilling at Petroleum Creek so soon after the March 2014 IPO. The Board will meet onsite next week to review progress and also to meet with local contractors and stakeholders who have greatly assisted Mosman achieving this first milestone."

NZX Announcement : Mosman Awards Drilling Contract

29 May 2014

NZX Announcement

Mosman awards drilling contract

Aorere Resources Limited holds approximately 15.8% of AIM listed Mosman Oil and Gas Limited. This shareholding has a present market value of NZD 2.3 million and represents 36% in value of the Aorere portfolio.   Mosman released the following announcement in London last night.

Regards,

Chris Castle, Managing Director

Aorere Resources Ltd

Petroleum Creek Update – Third Well

Mosman Oil & Gas (AIM: MSMN), the New Zealand and Australia focussed oil exploration and development company announces that its wholly owned New Zealand subsidiary, Petroleum Creek Limited (“PCL”), has confirmed the third well in its drilling programme which will be named Crestal-2, located approximately 800 m south of Crestal-1. Mosman proposes to drill to basement estimated to be c300m. It is located to the east of and close to several old wells drilled with oil shows and flows. The intention is to drill this well after Cross Roads-1 and Crestal-1 in June 2014.

At Petroleum Creek, Drill Force equipment has now arrived on site and drill preparation continues for the commencement of drilling in the next 10 days. As part of its strategic planning, PCL has contracted to lease a 4-hectare property adjacent to Crestal-2 location (with an option to purchase). The infrastructure located on the site will initially be used as office accommodation and the location used for storage.  In addition, management are also in discussions regarding land access in relation to a contingent fourth well location.

John W Barr, Executive Chairman of Mosman commented: “As we continue to build out the drilling programme at Petroleum Creek, we are delighted to confirm Crestal-2 as the third planned well and are working to firm up on a contingent fourth well as part of the broader development of this asset.” 

Aorere Resources Limited Announces Board Changes

29 May 2014

Aorere Resources Limited Board Changes

The Board of Aorere Resources is pleased to advise that it has appointed Simon Henderson as a director.

Simon is an exploration geologist with more than 35 years’ experience in the gold mining and exploration industry in New Zealand, Australia, Africa, Chile, Vietnam, and Fiji. He has spearheaded successful exploration efforts supporting mine developments at Waihi, New Zealand and Tanami, Australia. Simon is the former CEO and a current director of Antipodes Gold Limited, a NZX and TSX listed gold explorer.

The Board considers that Simon is an independent director for the purposes of the listing rules.

The Board also advises that Denis Kelly has retired from his position as a director after serving on the Board for 5 1/2 years. The Board thanks Denis for his invaluable contribution to the company over this time and wishes him all the best for the future.

For and on behalf of the Board,

Dene Biddlecombe

Chairman

NZX Announcement: Mosman Awards Drilling Contract

29 April 2014

NZX Announcement

Mosman awards drilling contract

Aorere Resources Limited holds approximately 16.7% of AIM listed Mosman Oil and Gas Limited.

This shareholding has a present market value of NZD 2 million and represents 24.5% in value of the Aorere portfolio.   Mosman released the following announcement in London last night.

Regards,

Chris Castle

Managing Director

Aorere Resources Ltd

Drilling Contract Awarded at Petroleum Creek, NZ

Mosman Oil and Gas Limited (AIM: MSMN), the New Zealand and Australia focussed oil exploration and development company, is pleased to provide a further operations update on its onshore Petroleum Creek Project in the South Island of New Zealand.

Drilling Contract Awarded

Petroleum Creek Limited (“PCL”), Mosman’s wholly owned subsidiary, has awarded the drilling contract for the June 2014 drilling programme to Drill Force New Zealand Ltd (“Drill Force”), a specialist drilling services company.

The programme, which comprises two wells plus two contingent wells, includes the planned Crestal-1 and Crossroads-1 wells as previously announced.

Drill Force management have a combined 100 year+ drilling industry experience, along with a drilling heritage of five generations and the equipment is ideal for Mosman’s drilling objectives. 

John W Barr, Executive Chairman of Mosman commented: “We have a strong relationship with Drillforce, and their experience is ideal for the planned wells. The imminent drilling programme is a significant milestone for Mosman and we are looking forward to our first discovery in the region.”