REG - Mosman Oil & Gas - Vecta Project Drilling Update

Mosman Oil and GasAnnouncement

04/06/2025 08:00

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RNS Number : 3756L  Mosman Oil and Gas Limited  04 June 2025

4 June 2025

 

Mosman Oil and Gas Limited

("Mosman" or the "Company")

 

Vecta Project Drilling Update

Drilling crew on location at the second well, "The Bard"

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

 

Highlights

 

 ·             The drilling crew has returned from their break and are now on location at
               "The Bard" lease area, the second location in the five-well drilling campaign.
 ·             The drilling rig is in the area and is ready to move onto location as soon as
               weather permits mobilisation.

 

Vecta Project

The Vecta Project is located mainly in Las Animas County, close to the Red
Rocks helium producing field and Blue Star Helium's Galactica development
project. Helium concentrations of up to 11% have been encountered in offset
wells and fields in the area, with the closest well, Texaco Cynthia True-1,
flowing 8.8% helium from the upper Lyons sandstone.

 

This is the second of five wells planned in this drilling campaign testing
five individual structural closures. The first well being drilled on the Billy
Goat lease area to the east. Mosman has a 20% working interest in "The Bard"
lease area.

Location Map illustrating the five prospects identified by surface mapping
within the Project Area.

(Source: Vecta Oil and Gas Ltd.)

 

Andy Carroll, Chief Executive Officer of Mosman, said: "The drilling at 'The
Bard' lease area of the Vecta project is an exciting opportunity to test a
second helium target in an area of  proven helium development and production.

 

"Each well location has been carefully selected by the very experienced team
at Vecta with special acknowledgment of the work by the late Matt Goolsby.

 

"I believe each of these wells has an excellent chance of discovering helium.
The low-cost drilling of these wells enables data to be obtained quickly and
at very reasonable cost."

 

 

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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