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Mosman Oil & Gas Ltd - Sydney-based oil and gas company - Completes on-site portion of the environmental survey at EP-145 well, in Amadeus Basin in the Northern Territory, Australia. Says initial results were received on schedule and will submit the final report to NT government once it is in hand.
The completion of the environmental survey was one of the pre-requisites to the seismic acquisition, with the other being approval for the acquisition from organisations representing native title parties.
Chair John Barr says: "Mosman is pleased to achieve the next step in the approval process at EP-145 and is following up on the outstanding final reports with vigor. The Amadeus Basin is considered an important asset with considerable exploration upside which needs ongoing work to prove the concepts and resources."
Current stock price: 0.13 pence, down 1.9% on Monday
12-month change: down 20%
By Elizabeth Winter; elizabethwinter@alliancenews.com
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