20% interest not bad4 Nov 2024 09:55
Mosman Oil and Gas Ltd (AIM:MSMN) is advancing helium opportunities particularly with its 20% working interest in the Vecta Helium Project in Colorado, USA. The company is progressing toward drilling at Vecta, with plans to commence operations between October and December 2024.
This project is a key part of Mosman’s strategic shift towards helium exploration, aimed at tapping into the growing demand for the gas.
In addition to its US activities, Mosman is advancing its EP(A) 155 project in Australia's Northern Territory, where it holds a 100% interest. The project, currently progressing through the approval process, has the potential to significantly contribute to Mosman's helium portfolio. Depending on farm-in agreements, Mosman’s interest in this project could reduce to 25% or 10%, with the option to be carried through the drilling phase
https://www.proactiveinvestors.co.uk/companies/news/1057364/spotlight-london-s-ever-growing-crop-of-helium-companies-1057364.html?rel=scroll