Mosman Oil and Gas Limited Update on Sale of Welch Project (4867Q)
19 Junio 2020 - 01:39AM
UK Regulatory
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
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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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