REG - Mosman Oil & Gas - Drilling at The Bard, Vecta Project Completed

Mosman Oil and GasAnnouncement

23/06/2025 12:30

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RNS Number : 0033O  Mosman Oil and Gas Limited  23 June 2025

23 June 2025

 

Mosman Oil and Gas Limited

("Mosman" or the "Company")

Drilling at The Bard, Vecta Project Completed

Mosman Oil and Gas Limited (AIM:MSMN) the helium, hydrogen and
hydrocarbon exploration, development and production company, announces that
the Richardson well on "The Bard" lease area at the Vecta Project, Colorado,
US, has completed drilling.

 

The well has been drilled to a total depth of 1007' feet. The Lyons Formation
was encountered at a depth of circa 1000', 460' deeper than anticipated. The
well flowed water from the Lyons Formation. Trace amounts of helium gas were
noted during drilling.

 

The drilling crew are now preparing to move the rig to the "Garcia" lease to
drill the third well, Green TH 345823C, in the five well Vecta drilling
programme.

 

Location Map illustrating the five lease areas within the Vecta project.
(Courtesy of Vecta Oil and Gas Ltd.)

Andy Carroll, Chief Executive Officer of Mosman, said: "The presence of
helium, albeit it in trace amounts, supports the Vecta exploration model and
does not impact the remaining three undrilled leases, each lease containing a
standalone structure. The Company looks forward to progressing the next three
wells in the current Vecta campaign starting with the next well on the Garcia
lease."

 

 

Qualified Person Statement

The information contained in this announcement has been reviewed and approved
by Andy Carroll, a Director and Chief Executive Officer for Mosman, who has
over 35 years of relevant experience in the oil and gas industry and is a
Member of the Society of Petroleum Engineers.

 

 

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                                                         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

 mosman@almastrategic.com (mailto:mosman@almapr.co.uk)                +44 (0) 020 3003 8632

 

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

 

 

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