Mosman Oil and Gas Limited EP-145 Airborne Survey Completed (9490F)
July 21 2021 - 1:27AM
UK Regulatory
TIDMMSMN
RNS Number : 9490F
Mosman Oil and Gas Limited
21 July 2021
21 July 2021
Mosman Oil and Gas Limited
("Mosman" or the "Company")
EP-145 Airborne Survey Completed
Mosman Oil and Gas Limited (AIM: MSMN) the oil exploration,
development, and production company, has completed the airborne
gravity and gradiometry data acquisition over permit EP-145 located
in the Amadeus Basin in Central Australia.
The survey is a significant step in the exploration programme
for EP-145 as it is the first time data will be acquired for the
whole permit and will provide valuable information across the
entire 818 sq km permit area. Current subsurface seismic data is
limited to the NW and central part of the permit and existing
regional gravity data is too sparse to provide sufficient detail of
the complex salt related structures which have been identified as
hydrocarbon and helium leads within the permit. The survey uses the
high resolution Falcon Airborne Gravity Gradiometry System which
has the ability to image salt and subsalt geometry across a range
of depths. The technique measures the density contrast of the
different rock layers with a higher level of resolution and
sensitivity than standard gravity tools, improving confidence in
the interpretation of high density and gravity features including
salt related structures. The Falcon system has been used to
successfully interpret drill targets across a variety of geological
settings around the world including the Canning Basin Western
Australia. The survey was completed by Xcalibur Airborne Geophysics
(who recently acquired CGG Aviation (Australia) Pty. Ltd.).
Mosman has contracted Geognostics Australia Pty Ltd. to
interpret the geophysical data who will integrate it into the
regional basin model, which is estimated to take approximately 8
weeks and cost c A$82,000. Geognostics are global experts in
producing SEEBASE(R) - a depth-to-basement grid and structural
model that defines the geodynamic evolution of basin systems
through time. They have considerable expertise in the Northern
Territory, having recently completed an integrated geological
interpretation over the entire state (AGES conference, 2021,
www.geognostics.com/nt-seebase)
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 inside is now considered to be in the public
domain.
Enquiries:
Mosman Oil & Gas Limited John NOMAD and Broker
W Barr, Executive Chairman SP Angel Corporate Finance LLP
Andy Carroll, Technical Director Stuart Gledhill / Richard Hail /
jwbarr@mosmanoilandgas.com Adam Cowl
acarroll@mosmanoilandgas.com +44 (0) 20 3470 0470
Alma PR Joint Broker
Justine James / Joe Pederzolli Monecor (London) Ltd trading as ETX
+44 (0) 20 3405 0205 Capital Thomas Smith
+44 (0) 7525 324431 020 7392 1432
mosman@almapr.co.uk
Updates on the Company's activities are regularly posted on its
website:
www.mosmanoilandgas.com
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END
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