RNS13 May 2025 10:57
Mosman Oil and Gas Limited (AIM:MSMN) the helium, hydrogen and hydrocarbon exploration, development and production company, is pleased to announce it has negotiated an increase from 20% to 90% interest in the Billy Goat Area of Mutual Interest ("AMI") lease area, in return for funding 100% of the upcoming drilling on the lease. The cost of this well is estimated to be less than US$200,000 and will be funded from existing cash reserves.
The rig is on location and the drilling of this first exploration well of a five well programme is expected to commence in the next 24 hours in Las Animas County, Colorado, US.
Boooooom 🚀🚀🚀🚀