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Mosman Advances Helium and Hydrogen Exploration in EP 145

Mosman Oil and Gas is planning a seismic programme for early 2024 in its 100% owned EP 145 project in the Amadeus Basin, Australia. The seismic acquisition programme is planned for the first half of 2024, with results due and a well location announced before end of Permit Year 3 in August 2024, followed by drilling in the following Permit Year. Mosman's farmout agreement with Greenvale, which has been delayed since Oct'23, is supposed to fund operations up to A$5.5mm for seismic acquisition and drilling, pending ministerial approval. The project is estimated to have a 2U prospective resource of 26.4bcf for both helium and hydrogen. The company also released its H2'23 (to Dec'23), ending the half year with a net loss of A$984k, cash position of A$614k, and total assets of A$8.8m.

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