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
Highlights
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Greenvale awarded a |
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Grant to be used to fund an initial seismic line in EP145 as part of the upcoming 2D seismic program. |
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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. |
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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
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Joint Broker CMC Markets 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
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