REG - Mosman Oil & Gas - Vecta Project Update

Mosman Oil and GasAnnouncement

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RNS Number : 1655N  Mosman Oil and Gas Limited  17 June 2025

17 June 2025

Mosman Oil and Gas Limited

("Mosman" or the "Company")

 

Vecta Project 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 negotiated an increase from 20% to 90% interest in the "The
Bard" Area of Mutual Interest ("AMI") lease area, in return for funding 100%
of the upcoming drilling on the lease. The cost of this well is estimated to
be less than US$200,000 and will be funded from existing cash reserves.

 

The rig crew has returned from break and drilling at The Bard lease area is
expected to start shortly.

 

This increase does not impact the Company's 20% working interest in the
remaining Vecta Project prospects in three other AMI areas called Garcia,
Treasure Hill and Mona Loa. These areas are part of the current five well
drilling campaign.

 

Andy Carroll, Chief Executive Officer of Mosman, said: "I look forward to the
results of each of these wells as they are sound geological prospects in an
area that has helium production and access to markets."

 

 

 

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/)

 

 

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