Mosman Oil and Gas Limited EP 145 Progress Report (6103A)
23 Gennaio 2024 - 9:34AM
UK Regulatory
TIDMMSMN
RNS Number : 6103A
Mosman Oil and Gas Limited
23 January 2024
23 January 2024
Mosman Oil and Gas Limited
("Mosman" or the "Company")
EP 145 Progress Report
Mosman Oil and Gas Limited (AIM: MSMN) the hydrocarbon, helium
and hydrogen exploration, development, and production company,
provides an update on its EP145 project in Australia.
Mosman and Greenvale Gas Ltd ("GRV"), a subsidiary of Greenvale
Pty Ltd (ASX:GRV), have agreed to amend the Farmin Agreement so
that the right for either party to terminate the agreement is
changed from 31 January to 30 March 2024. This is because the
approval process is progressing but not yet concluded. The
amendment also clarifies that Mosman will pay any government costs
in the interim period, and GRV will reimburse these costs after
Completion.
As previously advised, Completion of the Farmin Agreement
announced in October 2023 is subject to government approval of the
proposed change of Operator and transfer of interest. The farminee,
GRV has advised that they have received the Stamp Duty assessment
and paid the amount due. The next step is Ministerial approval,
which is expected to proceed now that stamp duty has been paid. The
Company is not in control of the timing of Ministerial approval,
but based on progress so far anticipates Completion to occur in the
near future.
Andy Carroll, CEO of Mosman commented : "This is a sensible
minor amendment given the approval process is progressing. We are
still on track to acquire seismic in 2024 and then drill in 2025 to
test the helium, hydrogen and hydrocarbon potential in this
area."
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 /
acarroll@mosmanoilandgas.com Adam Cowl
+44 (0) 20 3470 0470
Alma 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@almastrategic.com
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 existing exploration
permits. The Company has several projects in the US, in addition to
exploration projects in the Amadeus Basin in Central Australia.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
UPDPPUCWGUPCURW
(END) Dow Jones Newswires
January 23, 2024 03:34 ET (08:34 GMT)
Grafico Azioni Mosman Oil And Gas (LSE:MSMN)
Storico
Da Mar 2024 a Apr 2024
Grafico Azioni Mosman Oil And Gas (LSE:MSMN)
Storico
Da Apr 2023 a Apr 2024
