REG - Mosman Oil & Gas - Vecta Project Billy Goat Update

Mosman Oil and GasAnnouncement

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RNS Number : 4021J  Mosman Oil and Gas Limited  20 May 2025

20 May 2025

Mosman Oil and Gas Limited

("Mosman" or the "Company")

 

Vecta Project Billy Goat Update

Mosman Oil and Gas Limited (AIM:MSMN) the helium, hydrogen and
hydrocarbon exploration, development and production company, announces an
update on the Vecta Project in Colorado, US.

Mosman has been in discussions with a local helium business that has expressed
interest in acquiring the first well and associated contractual rights of the
Billy Goat lease AMI area lease.

 

The Board is seriously considering this offer as co-operation with this party
could be the fastest path to production and commercialisation for any helium
discovered in the Billy Goat Area.

The Billy Goat AMI lease area first well was drilled to circa 720 feet TD and
casing set on 16 May 2025. Further well information will not be released until
after these discussions have been finalised.

Andy Carroll, Chief Executive Officer of Mosman, said: "We are pleased that
this potential opportunity has arisen. Mosman will only agree to a change that
it considers more favourable to the Company and shareholders. We look forward
to providing further updates in due course."

 

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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