20 May 2025
Mosman
Oil and Gas Limited
("Mosman"
or the "Company")
Vecta Project Billy Goat
Update
Mosman Oil and Gas Limited
(AIM:MSMN) the helium, hydrogen and
hydrocarbon exploration, development and production company,
announces an update on the Vecta Project in Colorado,
US.
Mosman has been in discussions with a local helium business that
has expressed interest in acquiring the first well and associated
contractual rights of the Billy Goat lease AMI area
lease.
The Board is seriously considering
this offer as co-operation with this party could be the fastest
path to production and commercialisation for any helium discovered
in the Billy Goat Area.
The Billy Goat AMI lease area first
well was drilled to circa 720 feet TD and casing set on 16 May
2025. Further well information will not be released until after
these discussions have been finalised.
Andy Carroll, Chief Executive Officer of Mosman,
said: "We are pleased that this
potential opportunity has arisen. Mosman will only agree to a
change that it considers more favourable to the Company and
shareholders. We look forward to providing further updates in due
course."
Market Abuse Regulation (MAR) Disclosure
The information contained within
this announcement is deemed by the Company to constitute inside
information as stipulated under the Market Abuse Regulations (EU)
No. 596/2014 ('MAR') which has been incorporated into UK law by the
European Union (Withdrawal) Act 2018. Upon the publication of this
announcement via Regulatory Information Service ('RIS'), this
information is now considered to be in the public
domain.
Enquiries:
|
Mosman Oil & Gas Limited
Andy Carroll
CEO
acarroll@mosmanoilandgas.com
|
NOMAD and Joint Broker
SP Angel Corporate Finance
LLP
Stuart Gledhill / Richard Hail /
Adam Cowl
+44 (0) 20 3470 0470
|
|
Alma
Justine James / Will
Merison
+44 (0) 20 3405 0205
mosman@almastrategic.com
|
Joint Broker
CMC Markets UK Plc
Douglas Crippen
+44 (0) 020 3003 8632
|
Updates on the Company's activities
are regularly posted on its website: www.mosmanoilandgas.com
Notes to editors
Mosman (AIM: MSMN) is a helium,
hydrogen and hydrocarbon exploration, development, and production
company with projects in the US and Australia. Mosman's strategic
objectives remain consistent: to identify opportunities which will
provide operating cash flow and have development upside, in
conjunction with progressing exploration. The Company has several
projects in the US, in addition to exploration projects in the
Amadeus Basin in Central Australia.
