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Mosman Oil and Gas ( (GB:MSMN) ) has issued an update.
Mosman Oil and Gas Limited has announced the sale of its EP(A) 155 rights in Australia for AU$350,000 and a 2.5% royalty, as part of its strategy to focus on its US operations. The proceeds from this sale will be allocated to advancing helium exploration in the company’s US projects, such as the Sagebrush Project, which is progressing well and showing potential for new wells. Meanwhile, the Coyote Wash lease is under documentation review, and the Vecta Project awaits drilling rig certification, all indicating Mosman’s strategic shift towards more promising and cost-effective US projects.
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 operations in the United States and Australia. The company aims to generate operating cash flow while exploring opportunities for development and has several projects in the US, in addition to exploration projects 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
Learn more about MSMN stock on TipRanks’ Stock Analysis page.
