REG - Mosman Oil & Gas Ltd - Sagebrush Production Update

Mosman Oil and GasAnnouncement

18/08/2025 09:15

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RNS Number : 7064V  Mosman Oil and Gas Limited  18 August 2025

18 August 2025

 

Mosman Oil and Gas Limited

("Mosman" or the "Company")

 

 

Sagebrush Production Update

Mosman Oil and Gas Limited (AIM: MSMN), advancing helium, hydrogen and
hydrocarbon projects in the USA, is pleased to provide an update on oil
production from the Sagebrush Project in Colorado, USA, where the Company
holds an 82.5% working interest.

Sagebrush Oil Production - January to June 2025 ( Gross 100%(1) )

 Quarter        Production (bbls(2))  Revenue (US$)  Revenue After Tax (US$)  Avg Sales Price (US$/bbl)
 Q1 2025        3,048.57              189,468.09     135,236.99               62.30
 Q2 2025        3,219.93              167,839.02     94,923.29                51.81
 Total H1 2025  6,268.50              357,307.11     230,160.28               -

Notes: (1)Figures are reported on a 100% project basis and are not adjusted
for Mosman's 82.5% working interest.  (2) Production represents gross 100%
oil volumes but after royalties and certain deductions. All oil sales are
unhedged.

The Company will provide further updates on its other projects in due course.

Interim CEO Howard McLaughlin commented "Our core focus remains firmly on
advancing Mosman's flagship helium projects at Sagebrush and Coyote Wash,
which represent the most significant growth opportunities for the Company. At
the same time, oil production from Sagebrush provides material revenues that
assist in supporting our wider activities. We are pleased with production so
far in 2025, and since June the production numbers have been meeting our
expectations and are in line with prior quarters. The independent verification
report from Sproule on the Sagebrush helium discovery is advancing well, and
we are looking forward to getting the 3D seismic survey underway at Sagebrush.
We also expect to hear news regarding the Coyote Wash environmental approval.
For both Sagebrush and Coyote Wash, we have an exciting few months ahead as we
work towards unlocking the significant helium potential within these
projects."

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

 Carl Dumbrell                 SP Angel Corporate Finance LLP

 Chairman                      Stuart Gledhill / Richard Hail / Adam Cowl

                               +44 (0) 20 3470 0470
 Brand Communications          Joint Broker

 Alan Green                    CMC Markets UK Plc

 Tel: +44 (0) 7976 431608      Douglas Crippen

                               +44 (0) 020 3003 8632

 

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 royalty interests in Australia.

 

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