RNS31 Oct 2022 15:29
The Mount Winter helium and hydrogen Project (exploration permit application EP (A)155), is located in the Amadeus Basin in Northern Australia, which the Company owns 100% subject to a farmout agreement whereby Georgina Energy Plc ("Georgina") may earn up to 90% by meeting farm in conditions, including drilling a well. Mosman, in conjunction with Georgina Energy, is in the process of negotiating a native title agreement to allow for the grant of EP 155. Georgina has submitted a Schedule One to the London Stock Exchange with the intention to admit to trading on AIM.
Mosman has successfully drilled a development well at the Cinnabar project (Cinnabar-1), and flow rates will be announced before the end of November.
In addition, and given the success in drilling and logging the Cinnebar-1 well, Mosman is also proceeding with planning the drilling of additional development wells at Cinnabar and that work has started