REG - Mosman Oil & Gas - Board Changes

Mosman Oil and GasAnnouncement

04/09/2023 07:30

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RNS Number : 2580L  Mosman Oil and Gas Limited  04 September 2023

4 September 2023

Mosman Oil and Gas Limited

("Mosman" or the "Company")

 

Board Changes

 

Mosman Oil and Gas Limited (AIM: MSMN) the oil and gas exploration,
development, and production company, announces that John W Barr, Chairman and
John Young, Non Executive Director have informed the Board of their decision
to step down from the Board.

 

John W Barr has given notice of his resignation as a Director, effective 30
September 2023. John has also given termination notice under his executive
services contract as a Director of Kensington Advisory Services Pty Ltd
contract which has a six month termination period.

 

John Young, Non Executive Director, has also resigned from the Board leaving
the Company with immediate effect.

 

Andy Carroll, Technical Director and Executive Director and Nigel Harvey, Non
Executive have commenced a process to review and appoint new Directors and
further updates will be provided in due course as appropriate.

 

Business Plan

 

The strategy remains to build USA production and keep high potential upside
helium, hydrogen and hydrocarbon exploration in Australia. The Company's wider
corporate review continues and costs will be optimized to ensure ongoing
financial stability.

 

On behalf of the Board, Andy Carroll, Technical Director commented: "We thank
John W Barr for leading the Company from inception, through IPO and the ups
and downs of exploration, development and production. We also thank John Young
for his contribution since the formation of the Company and wish him well in
his future endeavours.

"The immediate focus is the appointment of a Non Executive Director and the
operations are continuing to progress.  We will provide an update 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                                        NOMAD and Joint Broker

 Andy Carroll, Technical Director acarroll@mosmanoilandgas.com   SP Angel Corporate Finance LLP
 (mailto:acarroll@mosmanoilandgas.com)

                                                                 Stuart Gledhill / Richard Hail / Adam Cowl

                                                                 +44 (0) 20 3470 0470
 Alma PR                                                         Joint Broker

 Justine James                                                   CMC Markets UK Plc

 +44 (0) 20 3405 0205                                            Douglas Crippen

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

 mosman@almapr.co.uk (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 an oil 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 of
its existing exploration permit and permit application. The Company has
several projects in the US. In addition to exploration projects in the Amadeus
Basin in Central Australia.

 

 

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