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Mosman Oil and Gas ( (GB:MSMN) ) has shared an announcement.
Mosman Oil and Gas Limited has secured the approval from the Ute Mountain Ute Tribe to lease 4,320 acres in Colorado for helium exploration, marking a significant step in its Coyote Wash Project. This initiative, located in the promising Four Corners area, is expected to enhance Mosman’s exploration portfolio and positional advantage in helium exploration. The company plans to finalize the Program of Development by early 2025, with the exploration lease involving a payment of $129,600 over three years, signaling potential growth in Mosman’s operations and strategic objectives.
More about Mosman Oil and Gas
Mosman Oil and Gas Limited, listed on AIM as MSMN, is an exploration, development, and production company focused on helium, hydrogen, and hydrocarbons. With a strategic presence in the US and Australia, Mosman seeks opportunities that provide operating cash flow and developmental potential, particularly in the Amadeus Basin in Central Australia and various US-based projects.
YTD Price Performance: 220.0%
Average Trading Volume: 504,679,616
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: £6.35M
For detailed information about MSMN stock, go to TipRanks’ Stock Analysis page.
