Mosman Oil and Gas Limited Board Changes (2580L)
04 Settembre 2023 - 8:20AM
UK Regulatory
TIDMMSMN
RNS Number : 2580L
Mosman Oil and Gas Limited
04 September 2023
4 September 2023
Mosman Oil and Gas Limited
("Mosman" or the "Company")
Board Changes
Mosman Oil and Gas Limited (AIM: MSMN) the oil and gas
exploration, development, and production company, announces that
John W Barr, Chairman and John Young, Non Executive Director have
informed the Board of their decision to step down from the
Board.
John W Barr has given notice of his resignation as a Director,
effective 30 September 2023. John has also given termination notice
under his executive services contract as a Director of Kensington
Advisory Services Pty Ltd contract which has a six month
termination period.
John Young, Non Executive Director, has also resigned from the
Board leaving the Company with immediate effect.
Andy Carroll, Technical Director and Executive Director and
Nigel Harvey, Non Executive have commenced a process to review and
appoint new Directors and further updates will be provided in due
course as appropriate.
Business Plan
The strategy remains to build USA production and keep high
potential upside helium, hydrogen and hydrocarbon exploration in
Australia. The Company's wider corporate review continues and costs
will be optimized to ensure ongoing financial stability.
On behalf of the Board, Andy Carroll, Technical Director
commented : "We thank John W Barr for leading the Company from
inception, through IPO and the ups and downs of exploration,
development and production. We also thank John Young for his
contribution since the formation of the Company and wish him well
in his future endeavours.
"The immediate focus is the appointment of a Non Executive
Director and the operations are continuing to progress. We will
provide an update 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, Technical Director SP Angel Corporate Finance LLP
acarroll@mosmanoilandgas.com Stuart Gledhill / Richard Hail / Adam
Cowl
+44 (0) 20 3470 0470
Alma PR Joint Broker
Justine James CMC Markets UK Plc
+44 (0) 20 3405 0205 Douglas Crippen
+44 (0) 7525 324431 +44 (0) 020 3003 8632
mosman@almapr.co.uk
Updates on the Company's activities are regularly posted on its
website:
www.mosmanoilandgas.com
Notes to editors
Mosman (AIM: MSMN) is an oil 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 of its existing
exploration permit and permit application. The Company has several
projects in the US. In addition to exploration projects in the
Amadeus Basin in Central Australia.
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END
BOAEAKNLEFNDEEA
(END) Dow Jones Newswires
September 04, 2023 02:20 ET (06:20 GMT)
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