- Mosman Oil and Gas reported a narrower annual loss as it boosted sales from its assets in Texas.

Pre-tax losses for the year through June amounted to $1.2m, compared to losses of $4.1m on-year.

Revenue rose to $1.1m, up from $0.7m on-year.

'The board fully appreciates shareholder disappointment with the share price,' the company said.

'Two of the company executive directors are heavily invested in Mosman and are also cognisant of the underperformance of the share price.'

'Our aim is to continue to deliver growth through developing our current projects and further acquisitions, and we look forward to our achievements being more realistically reflected in the share price.'

Story provided by