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Mosman Oil and Gas ( (GB:MSMN) ) just unveiled an update.
Mosman Oil and Gas Limited announced that a six-month suspension and extension of the EP-145 permit’s third year has been granted by the Northern Territory Minister for Mining and Energy. This extension facilitates the company’s ongoing sale agreement with Echelon Resources Limited and supports the continuation of their exploration efforts in the Amadeus Basin. The permit, now extended to 21 August 2027, includes an exploration well commitment in its fourth year. CEO Andy Carroll expressed satisfaction with the extension, highlighting its role in easing the sale process as Mosman shifts focus to its helium projects in the US.
More about Mosman Oil and Gas
Mosman Oil and Gas Limited is a helium, hydrogen, and hydrocarbon exploration, development, and production company with projects in the US and Australia. The company focuses on identifying opportunities that provide operating cash flow and developmental upside, alongside progressing exploration efforts.
YTD Price Performance: -13.33%
Average Trading Volume: 321,165,948
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: £5.08M
For an in-depth examination of MSMN stock, go to TipRanks’ Stock Analysis page.
