RE: More comments19 Sep 2025 10:15
July's RNS below statement:
Extended Production Test of Sagebrush-1 Well
Mosman is also advancing technical planning for a 4 to 6 week extended production test of the Sagebrush-1 Leadville Formation at various intervals from 7200' to approximately 7400'. It was from this formation that the DST and gas sample were taken. The extended production test, which is targeted for the fourth quarter of 2025, will provide valuable data on the wells production potential, particularly for helium and associated hydrocarbons, and will assist in assessing the commercial viability of the Project. Before the extended production test can begin, several prerequisites must be completed, including the finalising of bonding arrangements and completion of the transfer of ownership of the Project.
These planned operations at Sagebrush will be funded from the Company's existing cash resources.
Mosman Interim-CEO Howard Mclaughlin, commented: "Engaging Sproule, acquiring the 3D seismic survey, and advancing the extended production test at Sagebrush-1 are pivotal steps in our helium strategy. These initiatives are designed to validate our resource estimates, de-risk the project, and provide the data needed to advance towards commercialisation. We are committed to executing these plans efficiently and safely, with the goal of unlocking the full potential of the Sagebrush project."
…
-- So funds in place and factored,
-- Mcap ridiculously low and disproportionate to the confirmed assets.
-- with works starting in October and produce aimed in Q4 2025, I wonder how long can the price remain at these levels.
-- Multi bag opportunity here is obvious in my opinion.
Gla.
How long