REG - Mosman Oil & Gas - Vecta Project Drilling Update

Mosman Oil and GasAnnouncement

09/06/2025 07:00

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RNS Number : 9721L  Mosman Oil and Gas Limited  09 June 2025

09 June 2025

Mosman Oil and Gas Limited

("Mosman" or the "Company")

 

Vecta Project Drilling Update

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

 

Due to rainfall this week, the ground conditions are unsuitable for a rig move
and as a result the drilling crew has gone on break returning on 16 June. The
drilling rig is in the area and is ready to move onto location as soon as
weather permits mobilisation.

 

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 was drilled on the Billy
Goat lease area to the east of The Bard. 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.
We 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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