REG - Mosman Oil & Gas - EP 145 Progress Report

Mosman Oil and GasAnnouncement

15/01/2024 10:15

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RNS Number : 7031Z  Mosman Oil and Gas Limited  15 January 2024

15 January 2024

 

Mosman Oil and Gas Limited

("Mosman" or the "Company")

 

EP 145 Progress Report

 

Mosman Oil and Gas Limited (AIM: MSMN) the hydrocarbon, helium and hydrogen
exploration, development, and production company, provides an update on its EP
145 project in Australia.

 

Mosman has lodged the Environmental Management Plan ("EMP") with the Northern
Territory Government. Approval of the EMP and re-issue of the Aboriginal Areas
Protection Authority ('AAPA') Certificate are the two remaining approvals
required prior to the acquisition of 2D seismic, scheduled for 2024.

 

Completion of the Farmin Agreement announced in October 2023 is subject to
government approval of the proposed change of Operator and transfer of
interest. The farminee, Greenvale Pty Lim (ASX:GRV), has advised that they
have received the Stamp Duty assessment and paid the amount due. The next step
is Ministerial approval, which is expected to proceed now that stamp duty has
been paid. The Company is not in control of the timing of Ministerial
approval, but based on progress so far anticipates Completion to occur in the
near future.

 

Andy Carroll, CEO of Mosman commented: "I am pleased these two milestones in
the exploration and Farmin Agreement process have been reached. This keeps us
on track to acquire seismic in 2024 and then drill in 2025 to test the helium,
hydrogen and hydrocarbon potential in this area."

 

 

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                                                        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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