REG - Mosman Oil & Gas - Exploration Permit EP-145 Update

Mosman Oil and GasAnnouncement

29/01/2025 10:30

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RNS Number : 1389V  Mosman Oil and Gas Limited  29 January 2025

 

29 January 2025

Mosman Oil and Gas Limited

("Mosman" or the "Company")

 

Exploration Permit EP-145 Update

 

Mosman Oil and Gas Limited (AIM: MSMN) the helium, hydrogen and hydrocarbon
exploration, development and production company, advises that a six month
suspension and extension of EP-145 permit year three has been granted by the
Northern Territory Minister for Mining and Energy.

 

As announced on 14 January 2025, the permit is subject to a sale agreement
with ASX listed Echelon Resources Limited, and this keeps the permit in good
standing, as the Company works towards completion, which is expected to be
finalised in the coming months.

 

Permit EP-145 located in the Amadeus Basin is currently in year three of a
five year exploration term. A six month extension and corresponding suspension
of the year three work program to 21 August 2025 has been approved. The term
of the exploration permit has been extended for a period of six months to 21
August 2027 with an exploration well commitment in permit year four.

 

Andy Carroll, Chief Executive Officer of Mosman, said: "We are pleased that
that the extension has been awarded at EP-145, further smoothing the sale
process, as the team focuses on developing its helium projects in the US."

 

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

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

 mosman@almastrategic.com (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 a helium, hydrogen and hydrocarbon 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. The Company has several projects in
the US, in addition to exploration projects in the Amadeus Basin in Central
Australia.

 

 

 

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