Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Mosman Oil and Gas ( (GB:MSMN) ) has issued an announcement.
Mosman Oil and Gas Limited has announced the sale of its EP-145 asset in Australia to Echelon Resources Limited for A$400,000 and a 5% royalty on helium and hydrogen sales. This decision aligns with Mosman’s strategic shift towards focusing on its helium projects in the US, where there are advantages like lower costs and existing infrastructure. The company aims to redirect proceeds from the sale to advance their US helium exploration activities, ensuring they remain fully funded for upcoming exploration commitments.
More about Mosman Oil and Gas
Mosman Oil and Gas Limited is a company focused on the exploration, development, and production of helium, hydrogen, and hydrocarbons, with projects located in the US and Australia. The company’s strategic goals include identifying opportunities for operating cash flow and development potential while advancing exploration efforts.
YTD Price Performance: 7.14%
Average Trading Volume: 368,334,942
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: £6.45M
For a thorough assessment of MSMN stock, go to TipRanks’ Stock Analysis page.
