Mosman Oil and Gas signed a farmin agreement with Greenvale to fund seismic and drilling on its EP 145 project in the Northern Territory of Australia, which holds potential for hydrocarbons, helium, and hydrogen. Greenvale will earn a 75% working interest in EP 145 by funding exploration activities, including drilling, with Mosman retaining a 25% interest. The project previously announced "Best Estimate" prospective resources of 26bcf of helium and 26bcf of hydrogen. The agreement allows for further exploration without additional capital raising, enhancing the project's potential.
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