The following is an extract from Mosman's 31 Dec 2014 half year...

The following is an extract from Mosman's 31 Dec 2014 half year financial report in which their auditor Somes and Cook state the following on pp# 19 "Conclusion
Based on our review, which is not an audit, we have not become aware of any matter that makes us
believe that the half-year financial report of Mosman Oil and Gas Limited is not in accordance with the
Corporations Act 2001 including:
(a) giving a true and fair view of Mosman Oil and Gas Limited’s financial position as at 31
December 2014 and of its performance for the half-year ended on that date; and
(b) complying with Accounting Standard AASB 134 Interim Financial Reporting and the
Corporations Regulations 2001.
Emphasis of Matter – Inherent uncertainty regarding continuation as a going concern
Without modifying our conclusion, we draw attention to Note 1, which outlines that the Group had a
working capital surplus of $1,063,539 as at 31 December 2014, and had cash outflows from operating
activities of $1,380,670 for the half-year then ended.
As a result, there is a material uncertainty related to events or conditions that may cast significant doubt
on the company’s ability to continue as a going concern, and therefore whether it will realise its assets
and extinguish its liabilities in the normal course of business and at the amounts stated in the financial
report."