REG - Mosman Oil & Gas - Resolution of Legal Action

Mosman Oil and GasAnnouncement

13/09/2024 11:30

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240913:nRSM1658Ea&default-theme=true

RNS Number : 1658E  Mosman Oil and Gas Limited  13 September 2024

 

13 September 2024

 

Mosman Oil and Gas Limited

("Mosman" or the "Company")

 

Resolution of Legal Action

 

Mosman Oil and Gas Limited (AIM: MSMN) the helium, hydrogen and hydrocarbon
exploration, development and production company, announces the resolution of a
legal claim and reconfirms that the Company is nearing the completion of the
sale of its interest in Nadsoilco LLC, which owns the working interest in
Stanley, Greater Stanley and all of Mosman's interests in the Winters leases
in the Polk County, Texas, USA as set out in its previous announcements the
last one on 9 September 2024.

 

A Court decision in August 2024 was made in favour of Nadsoilco LLC (owned by
Mosman at no cost to Mosman other than legal fees) in relation to a lawsuit.
The Court decision required documents to be drafted and signed, which has
taken longer than expected, and that has now been completed. The Company
always believed the legal action had no merit and the signing of these legal
documents will now allow the sale of Stanley to proceed, that is expected to
happen later in September whereupon a further announcement will be made.

 

 

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.

 

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCQKNBBKBKDOCD