Mosman Oil and Gas Limited received approval from the Northern Territory Government in Australia for a 12-month suspension and extension of EP145, Amadeus Basin. This extension allows Mosman additional time to complete the permit work programme, including seismic surveys, well planning, and exploration activities. The company continues to advance its exploration potential for hydrocarbons, helium, and hydrogen in the region. Mosman is undergoing a corporate review and has appointed SRK (Australia) for an independent asset valuation. The cash position as of May 2023 stands at ~A$1.2mm. Mosman plans on pursuing a separate stock market listing in London for its Australian assets, including the EP 145 permit and the EP(A) 155 exploration permit application.
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