- Mosman Oil and Gas said annual losses almost doubled as it continued to explore for oil in the US, Australia and New Zealand.

A net loss of $9.19m compared to a loss of $4.89m a year earlier.

"The future is not yet radiant and life for junior oil and gas companies is still challenging; but we again look forward with cautious optimism," the company said.

"The ongoing work on the Australian permits will continue," it added.

At 9:52am: [LON:MSMN] Mosman Oil And Gas Ltd share price was -0.13p at 0.85p

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