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An update from Mosman Oil and Gas ( (GB:MSMN) ) is now available.
Mosman Oil and Gas Limited has announced the sale of its EP(A) 155 rights in Australia to Westmarket Oil & Gas Pty Ltd for AU$350,000 and a 2.5% royalty. This move aligns with Mosman’s focus on its US portfolio, where it is advancing projects like Sagebrush and Coyote Wash, which show promising potential for oil and helium production. The sale proceeds will support helium exploration in the US. Mosman CEO Andy Carroll expressed optimism about the US projects’ potential due to existing infrastructure and lower operational costs compared to Australia, despite delays in the Vecta Project.
More about Mosman Oil and Gas
Mosman Oil and Gas Limited is a company engaged in the exploration, development, and production of helium, hydrogen, and hydrocarbons, with projects located in the United States and Australia. The company’s strategic focus is on identifying opportunities that provide cash flow and development potential, while advancing exploration particularly in the Amadeus Basin in Central Australia.
YTD Price Performance: -6.67%
Average Trading Volume: 341,525,415
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: £5.47M
Find detailed analytics on MSMN stock on TipRanks’ Stock Analysis page.
