TIDMMSMN

RNS Number : 4867Q

Mosman Oil and Gas Limited

19 June 2020

19 June 2020

Mosman Oil and Gas Limited

("Mosman" or the "Company")

Update on Sale of Welch Project

Mosman Oil and Gas Limited (AIM: MSMN) the oil exploration, development and production company, provides an update on the sale of the Welch Project in Texas.

Mosman entered into a contract for the sale of Welch with the US based Eagle Natural Resources LLC for US$300,000 (cA$460,000) and an initial non-refundable deposit of US$30,000 was paid, as announced on 20 May 2020.

The purchaser has sought and Mosman has granted a 14 day extension to the settlement on the basis that the Non-refundable deposit is increased to US$60,000 (cA$85,000) and this increased deposit has now been received.

Full settlement of the balance is now expected to occur on 3 July 2020.

Market Abuse Regulation (MAR) Disclosure

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.

Enquiries:

 
 Mosman Oil & Gas Limited            NOMAD and Joint Broker 
  John W Barr, Executive Chairman     SP Angel Corporate Finance LLP 
  Andy Carroll, Technical Director    Stuart Gledhill / Richard Hail 
  jwbarr@mosmanoilandgas.com          / Soltan Tagiev 
  acarroll@mosmanoilandgas.com        +44 (0) 20 3470 0470 
 Alma PR                             Joint Broker 
  Justine James                       Monecor (London) Ltd trading as 
  +44 (0) 20 3405 0205                ETX Capital 
  +44 (0) 7525 324431                 Thomas Smith 
  mosman@almapr.co.uk                 +44 (0) 20 7392 1432 
 

Updates on the Company's activities are regularly posted on its website: www.mosmanoilandgas.com

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.

END

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June 19, 2020 02:39 ET (06:39 GMT)

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