31 May 2024
Mosman Oil and Gas
Limited
("Mosman"
or the "Company")
EP 145 - Helium Project
Update
Greenvale Progresses 2D
Seismic Approvals
Mosman Oil and Gas Limited (AIM:
MSMN) the hydrocarbon, helium and hydrogen exploration, development
and production company, notes the update from Greenvale Energy Ltd
(ASX:GRV), its farmin partner and Operator of the EP 145 project in
the Amadeus Basin in Central Australia.
Greenvale updated
that: approvals are progressing and on track for
seismic acquisition to commence in August, allowing it to advance
its high-potential helium project in central
Australia.
Highlights
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EP
145 2D Seismic Environmental Management Plan submitted to DEPWS
(Department of Environment, Parks and Water
Security).
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All remaining long-lead items ordered for the seismic
program.
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Seismic data acquisition expected to commence in August,
providing a key dataset for Greenvale to target ultra-high-grade
helium, hydrogen and hydrocarbon resources within the highly
prospective Amadeus Basin.
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EP145 represents an exciting opportunity for Greenvale to
become a supplier to the rapidly growing helium market, which is
experiencing severe supply shortages and strong demand growth and
pricing.
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EP145 contains a reported Prospective Resource Estimate of 440
Billion cubic feet (Bcf) of Total Gas including 26.4Bcf of Helium
and 26.4Bcf of Hydrogen.
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Greenvale's CEO, Mark Turner,
commented: "We are pleased that the
permitting and approvals process for this 2D seismic program for
EP145 is progressing smoothly, with the start of this survey
representing a key milestone to allow us to finalise drilling
locations to test the significant potential of this exciting
asset.
"Ongoing work programs by Greenvale and other operators in the
Amadeus Basin will help us to fully evaluate the significant helium
and hydrogen potential of this region and advance this exciting
project for the benefit of our shareholders."
The full announcement can be found
at: https://www.asx.com.au/markets/company/GRV
Mosman retains 25% of EP145 with 75%
farmed out to Greenvale.
Andy Carroll, CEO of Mosman
commented: "It is encouraging to see Greenvale has progressed the
permitting and approvals process for this 2D
seismic program for EP 145. Seismic is a step before drilling to
test the significant potential of this exciting helium and hydrogen
asset and we look forward to providing updates as Greenvale
progresses."
Enquiries:
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Mosman Oil & Gas
Limited
Andy Carroll
CEO
acarroll@mosmanoilandgas.com
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NOMAD and Joint Broker
SP Angel Corporate Finance
LLP
Stuart Gledhill / Richard Hail /
Adam Cowl
+44 (0) 20 3470 0470
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Alma
Justine James / Will
Merison
+44 (0) 20 3405 0205
+44 (0) 7525 324431
mosman@almastrategic.com
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Joint Broker
CMC Markets UK Plc
Douglas Crippen
+44 (0) 020 3003 8632
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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.