Mosman and Greenvale Receive Farm-in Approval for EP 145 in Aus.

Mosman Oil and Gas has secured the final government approval for the Farm-in to its EP 145 project in Australia, where it partners with Greenvale Energy. Under the agreement, Greenvale will earn a 75% interest by funding seismic activities and drilling a well, with investments capped at A$5.5mm. The project is in a region noted for high helium concentrations and proven hydrocarbon discoveries and is set for seismic acquisition in mid-2024 and drilling in 2025. Early estimates indicate approximately 26.4bcf of 2U best estimate prospective resource for helium and hydrogen each at EP 145.

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