Mosman Oil and Gas Limited EP 145 - Helium Project Update
12 Junio 2024 - 1:00AM
RNS Regulatory News
RNS Number : 0462S
Mosman Oil and Gas Limited
12 June 2024
12 June 2024
Mosman Oil and Gas
Limited
("Mosman"
or the "Company")
EP 145 - Helium Project
Update
Greenvale Receives Grant for
2D Seismic
Mosman Oil and Gas Limited (AIM:
MSMN) the hydrocarbon, helium and hydrogen exploration, development
and production company, notes the following update from Greenvale
Energy Ltd (ASX:GRV), its farmin partner and Operator of the EP 145
project in the Amadeus Basin in Central Australia.
Highlights
|
·
|
Greenvale awarded a $100,000
co-funding grant in Round 17 of the NTGS Geophysics and Drilling
Collaborations program.
|
|
·
|
Grant to be used to fund an initial
seismic line in EP145 as part of the upcoming 2D seismic
program.
|
|
·
|
Seismic data acquisition to commence
in August, providing a key dataset for Greenvale to target
ultra-high-grade helium, hydrogen and hydrocarbon resources in the
highly prospective Amadeus Basin.
|
|
·
|
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
|
https://www.asx.com.au/markets/trade-our-cash-market/announcements.grv
Mosman retains 25% of EP145 with 75%
farmed out to Greenvale. The grant to Greenvale, while positive for
the project, does not impact the economics for Mosman directly with
Greenvale carrying Mosman for the cost of seismic acquisition in
accordance with the terms of the farm in agreement.
Enquiries:
|
Mosman Oil & Gas
Limited
Andy Carroll
CEO
acarroll@mosmanoilandgas.com
|
NOMAD and Joint Broker
SP Angel Corporate Finance
LLP
Stuart Gledhill / Richard Hail /
Adam Cowl
+44 (0) 20 3470 0470
|
|
Alma
Justine James / Will
Merison
+44 (0) 20 3405 0205
+44 (0) 7525 324431
mosman@almastrategic.com
|
Joint Broker
CMC Markets UK Plc
Douglas Crippen
+44 (0) 020 3003 8632
|
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.
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END
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