REG - Mosman Oil & Gas - Vecta Helium Project Drilling Update

Mosman Oil and GasAnnouncement

10/04/2025 07:00

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RNS Number : 4084E  Mosman Oil and Gas Limited  10 April 2025

10 April 2025

 

Mosman Oil and Gas Limited

("Mosman" or the "Company")

 

Vecta Helium Project Drilling Update

 

Mosman Oil and Gas Limited (AIM:MSMN) the helium, hydrogen and
hydrocarbon exploration, development and production company, announces a
drilling schedule update on the Vecta Project, Colorado, USA (20% WI).

 

Mosman previously announced that Vecta Oil and Gas Limited ("Vecta"), as the
Operator, had signed a drilling rig contract with Desert Eagle Drilling LLC
("DED"), and several matters needed to be resolved before drilling would
start.

 

Mosman's technical team met with Vecta in Denver on 7 April and discussed the
geology and operational considerations of the planned five well drilling
programme.

 

Vecta has now advised it is targeting mid-May to commence drilling the five
exploration wells.

 

Andy Carroll, Chief Executive Officer of Mosman, said: "We look forward to
Vecta drilling the five wells commencing in mid-May. Each of the prospects has
been identified by Vecta based on years of experience and a thorough review of
existing data, and each has its own individual characteristics. Mosman
considers the key factors to be the helium concentration and the reservoir
pressure that indicates the well production potential.

 

"One of the prospects is near the Model Dome field that was produced in the
1920s and had helium concentrations of 7-11%, and I am encouraged to see
positive results at the Blue Star Helium/Helium One projects in the same area
as the Vecta Project."

 

Mosman management and in-house technical team are attending the 2025 North
American Helium & Hydrogen Conference in Denver this week and will take
this opportunity to meet with other industry participants, have technical
discussions with its partners and technical advisers, and conduct site visits.

 

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

 mosman@almastrategic.com (mailto:mosman@almapr.co.uk)                +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 exploration projects in the Amadeus Basin in Central
Australia.

 

 

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