REG - Mosman Oil & Gas - Board Update

Mosman Oil and GasAnnouncement

29/09/2023 07:15

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RNS Number : 1469O  Mosman Oil and Gas Limited  29 September 2023

29 September 2023

Mosman Oil and Gas Limited

("Mosman" or the "Company")

 

Board Update

 

Mosman Oil and Gas Limited (AIM: MSMN) the oil, gas, helium and hydrogen
exploration, development, and production company, is pleased to announce the
appointment of Carl Dumbrell as an independent Non Executive Director, joining
the Board with immediate effect.

 

Carl is a Chartered Accountant in both Australia and the UK who brings over 20
years' experience in taxation and assurance services to the board, working
with quoted companies on both the LSE and ASX, predominantly in energy and
resources.

 

He is currently a Partner in CDTL, a Sydney based accounting firm in addition
to being Director and Company Secretary of ASX listed Emperor Energy Limited
(ASX:EMP), a Director of Herencia Resources Plc and Chairman of the Kennedy
Foundation, a not for profit organisation dedicated to excellence in
Australian journalism.

 

Previously Carl was Partner, Global Head of Mining and Natural Resources at
Mazars LLP in London and a Director of ASX listed Oil Basins Limited.

 

Board and Management team

 

The Board has also appointed Nigel Harvey as Chair, effective 1 October 2023,
in an independent on executive capacity with Founding Executive Director Andy
Carroll now leading the business as CEO, formerly Technical Director, and Carl
Dumbrell as Independent Non Executive Director.  The management team
continues to include Jarrod White (CFO), Howard McLaughlin (US Operations
Manager) leading the group's oil and gas activities in Texas, consultant
geologist Dr Julie Daws working on the group's helium hydrogen and hydrocarbon
exploration in the Northern Territory, and Nicholas Marshall (Company
Secretary).  Sydney based firm Traverse Accountants provide financial,
company secretarial and accounting services.

 

The Board wishes to acknowledge and thank the departing Chair and founding
Director John Barr for his many years of service to the Company and wishes him
well with his future endeavours.

 

The Board also notes that Mr Carroll remains on his current flexible executive
services contract, that its new Chair is non executive and that other costs
have been optimised as it focusses on regrouping and rebuilding the Company's
operations as self sustainably as practicable.

Commenting on the appointment, Andy Carroll, CEO said: "We are pleased to
welcome Carl, who brings significant expertise in finance and capital markets
as well as resources to the board, and we look forward to working with him as
Mosman continues to build on its strategy to increase USA production and keep
high potential upside helium, hydrogen and hydrocarbon exploration in
Australia."

Carl Dumbrell added "I'm very much looking forward to working with Andy, Nigel
and the Mosman team."

AIM Disclosures

Carl Francis Dumbrell, aged 47, currently holds or has held the following
directorships and partnerships in the last five years:

 Current directorships          Previous directorships in the last five years
 Emperor Energy Limited         KBDavies Pty Ltd
 OBL Backreef No 10 Pty Ltd     Dr Roebucks Aust Pty Ltd
 Emperor Resources Pty Ltd      No Issues Pty Ltd
 Shelf Oil Pty Ltd
 Backreef Energy Pty Ltd
 C First Holdings Pty Ltd
 Consumer First Pty Ltd
 C First Investments Pty Ltd
 Chocolate Mobile Limited
 C&W Perry Pty Ltd
 CDTL International Limited
 ZDL Holdings Pty Ltd
 ZEN88 Pty Ltd
 St Michaels Golf Club Limited
 SM Range Operations Pty Ltd
 Herencia Resources plc

Mr Dumbrell currently holds no ordinary shares or options in the Company.

Other than as provided in this announcement, no other disclosures in relation
to Mr Dumbrell are required under Rule 17 or Schedule 2(g) of the AIM Rules
for Companies.

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, CEO 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 and gas exploration, development, and production
company with projects in the US and helium and hydrogen exploration in
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
Texas in the US  and exploration projects in the Amadeus Basin in Central
Australia.

 

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