29 January 2025
Mosman Oil and Gas
Limited
("Mosman"
or the "Company")
Exploration Permit EP-145
Update
Mosman Oil and Gas Limited (AIM:
MSMN) the helium, hydrogen and
hydrocarbon exploration, development and
production company, advises that a six month suspension and
extension of EP-145 permit year three has been granted by the
Northern Territory Minister for Mining and Energy.
As announced on 14 January 2025, the
permit is subject to a sale agreement with ASX listed Echelon
Resources Limited, and this keeps the permit in good standing, as
the Company works towards completion, which is expected to be
finalised in the coming months.
Permit EP-145 located in the Amadeus
Basin is currently in year three of a five year exploration term. A
six month extension and corresponding suspension of the year three
work program to 21 August 2025 has been approved.
The term of the exploration permit has been
extended for a period of six months to 21 August 2027 with an
exploration well commitment in permit year four.
Andy Carroll, Chief Executive Officer of Mosman,
said: "We are pleased that that the
extension has been awarded at EP-145, further smoothing the sale
process, as the team focuses on developing its helium projects in
the US."
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
information is now considered to be in the public
domain.
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 a helium,
hydrogen and hydrocarbon 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. The Company has several
projects in the US, in addition to exploration projects in the
Amadeus Basin in Central Australia.
