REG - Mosman Oil & Gas - Appointment of CFO

Mosman Oil and GasAnnouncement

03/06/2025 09:15

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RNS Number : 2024L  Mosman Oil and Gas Limited  03 June 2025

 

3 June 2025

Mosman Oil and Gas Limited

("Mosman" or the "Company")

 

Appointment of CFO

 

Mosman Oil and Gas Limited (AIM: MSMN) the helium, hydrogen and hydrocarbon
exploration, development and production company, announces that it has
appointed Tina Loh CA, a partner of CDTL Accountants and Advisors ("CDTL"), as
Chief Financial Officer (non-board), with immediate effect. Ms Loh is also the
Company Secretary.

 

Pursuant to an agreement with CDTL, aggregate annual fees payable by the
Company to CDTL for financial and company secretarial services, including the
provision of Ms Loh's services are AU$180,000. Any additional fees payable for
ad hoc work will be subject to independent board approval.

 

Related Party Transaction

 

CDTL is a related party of the Company as defined under the AIM Rules for
Companies (the "AIM Rules"), due to the interest of Carl Dumbrell, Chairman of
Mosman, in CDTL, and the agreement with CDTL to appoint Ms Loh as CFO is
therefore considered a Related Party Transaction pursuant to Rule 13 of the
AIM Rules.

 

Andy Carroll, Nigel Harvey and Graham Duncan, being the directors independent
of CDTL, consider, having consulted with the Company's Nominated Adviser, SP
Angel Corporate Finance LLP, that the terms of the agreement with CDTL are
fair and reasonable insofar as the Company's shareholders are concerned.

 

 

Enquiries:

 Mosman Oil & Gas Limited                                             NOMAD and Joint Broker

 Andy Carroll                                                         SP Angel Corporate Finance LLP

 CEO                                                                  Stuart Gledhill / Richard Hail / Adam Cowl

 acarroll@mosmanoilandgas.com (mailto:acarroll@mosmanoilandgas.com)   +44 (0) 20 3470 0470

 Alma                                                                 Joint Broker

 Justine James / Will Merison                                         CMC Markets UK Plc

 +44 (0) 20 3405 0205                                                 Douglas Crippen

 +44 (0) 7525 324431                                                  +44 (0) 020 3003 8632

 mosman@almastrategic.com (mailto:mosman@almapr.co.uk)

 

Updates on the Company's activities are regularly posted on its website:
www.mosmanoilandgas.com (http://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.

 

 

 

 

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