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(Alliance News) - Mosman Oil & Gas Ltd on Monday said that it has committed to long lead items for the seismic acquisition programme at EP 145, its project in Australia.
Mosman is an oil exploration, development, and production company with projects in the US and Australia.
The firm said that its recent farm-in agreement on the project with Greenvale Gold Pty Ltd remains subject to ministerial approval, adding that an amendment deed means it will fund costs until completion, when Greenvale will re-imburse approved costs.
Mosman has now committed to start acquisition of long lead items for seismic acquisition. The programme is planned for the first half of this year, with results due and a well location announced before end of permit year three in August 2024, followed by drilling in the following permit year.
Mosman Oil & Gas shares were trading 0.6% higher at 0.017 pence each in London on Monday afternoon.
By Holly Beveridge, Alliance News reporter
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