REG - Mosman Oil & Gas - EP 145 - Helium Project Update

Mosman Oil and GasAnnouncement

12/06/2024 07:15

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RNS Number : 0462S  Mosman Oil and Gas Limited  12 June 2024

 

12 June 2024

 

Mosman Oil and Gas Limited

("Mosman" or the "Company")

 

EP 145 - Helium Project Update

Greenvale Receives Grant for 2D Seismic

 

Mosman Oil and Gas Limited (AIM: MSMN) the hydrocarbon, helium and hydrogen
exploration, development and production company, notes the following update
from Greenvale Energy Ltd (ASX:GRV), its farmin partner and Operator of the EP
145 project in the Amadeus Basin in Central Australia.

 

Highlights

 ·             Greenvale awarded a $100,000 co-funding grant in Round 17 of the NTGS
               Geophysics and Drilling Collaborations program.
 ·             Grant to be used to fund an initial seismic line in EP145 as part of the
               upcoming 2D seismic program.
 ·             Seismic data acquisition to commence in August, providing a key dataset for
               Greenvale to target ultra-high-grade helium, hydrogen and hydrocarbon
               resources in the highly prospective Amadeus Basin.
 ·             Exciting opportunity for Greenvale to become a supplier to the rapidly growing
               helium market, which is experiencing severe supply shortages and strong demand
               growth and pricing

 

https://www.asx.com.au/markets/trade-our-cash-market/announcements.grv
(https://www.asx.com.au/markets/trade-our-cash-market/announcements.grv)

 

Mosman retains 25% of EP145 with 75% farmed out to Greenvale. The grant to
Greenvale, while positive for the project, does not impact the economics for
Mosman directly with Greenvale carrying Mosman for the cost of seismic
acquisition in accordance with the terms of the farm in agreement.

 

 

 

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                                 +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@almastrategic.com)

 

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
existing exploration permits. The Company has several projects in the US, in
addition to exploration projects in the Amadeus Basin in Central Australia.

 

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