(Alliance News) – Mosman Oil and Gas Limited said Monday it has committed to long-term terms for its seismic acquisition program at the EP 145 project in Australia.
Mosman is an oil exploration, development and production company with projects in the United States and Australia.
The project's latest farm-in agreement with Greenvale Gold Pty Ltd is still subject to ministerial approval, the company said, adding that the Deed of Variation means it will fund the costs until completion, and when Greenvale meets the approved costs it will recover.
Mossman has now committed to begin acquiring long-term seismic acquisition elements. It is planned to implement the program in the first half of this year, with the results and well location being known before the end of the third permit year in August 2024, followed by drilling in the following permit year.
Mosman Oil and Gas shares were trading 0.6% higher at 0.017 pence each in London on Monday afternoon.
By Holly Beveridge, Alliance News Reporter
Comments and questions to [email protected]
Copyright 2024 Alliance News Ltd. All rights reserved.
