Mosman Oil and Gas (GB:MSMN) has released an update.
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Mosman Oil and Gas has successfully sold its Nadsoilco LLC assets for up to $1.75 million, pivoting towards the lucrative helium sector with plans to drill five wells at the Vecta Helium Project in Colorado. The sale will increase Mosman’s working capital, fueling its growth strategy in helium exploration and development, as the company shifts focus from oil to helium and hydrogen projects. This strategic move is backed by the expertise of newly appointed helium consultant Tim Rynott, positioning Mosman to capitalize on future helium market opportunities.
For further insights into GB:MSMN stock, check out TipRanks’ Stock Analysis page.
