Last checked at 28 Nov 2014 07:03
28 November 2014
Mosman Oil and Gas Limited
("Mosman" or the "Company")
Result of Annual General Meeting
The Directors of Mosman Oil and Gas Limited ("Mosman" or the "Company") (AIM: MSMN) the New Zealand and Australia focussed oil exploration and development company are pleased to announce the result of the Annual General Meeting held on 28 November 2014.
The Company advises that all resolutions at the Annual General Meeting of Shareholders have been passed without amendment.
In accordance with section 251AA of the Corporations Act 2001 each resolution has the following proxy votes awarded:
Resolution | For | Against | Abstain | Total | |
1 - Re-election of Director Mr John Young | 12,027,792 | - | - | 12,027,792 | |
2 - Issue of Incentive Options to Mr John W Barr | 1,605,916 | - | 10,421,876 | 12,027,792 | |
3 - Issue of Incentive Options to Mr John Young | 1,605,916 | - | 10,421,876 | 12,027,792 | |
4 - Issue of Incentive Options to Mr Andrew Carroll | 1,605,916 | - | 10,421,876 | 12,027,792 | |
5 - Section 195 approval | 1,927,791 | - | 10,100,001 | 12,027,792 | |
A copy of the Notice of Annual General Meeting, detailing the resolutions, is available from the Company's website at www.mosmanoilandgas.com
Enquiries:
Mosman Oil & Gas Limited John W Barr, Executive Chairman Andy Carroll, Technical Director jwbarr@mosmanoilandgas.com acarroll@mosmanoilandgas.com
| SI Capital Limited Nick Emerson/Andy Thacker +44 (0) 1483 413500 |
Gable Communications John Bick +44 (0) 20 7193 7463 mosman@gablecommunications.com
| ZAI Corporate Finance Limited Tom Price/John Simpson +44 (0) 20 7060 2220 |
Updates on the Company's activities are regularly posted on its website www.mosmanoilandgas.com
About Mosman
Mosman (AIM: MSMN) is an Australia and New Zealand focused oil exploration and development company with a strategy to build a sustainable mid-tier oil and gas business by acquisition and organic growth.
Currently, Mosman has a total of seven permits or accepted permit applications in New Zealand and Australia. In addition four new applications have been made in New Zealand as part of the recent 2014 Block Offer.
Petroleum Creek Project, New Zealand
The Petroleum Creek Project is a 143.6 sq. km low cost onshore exploration project located near Greymouth on the South Island in the southern extension of the proven Taranaki oil system. The project has a Mean Unrisked Recoverable Prospective Resource of 26.6 million barrels. In the first month of drilling, oil was discovered at Cross Roads-1 well which declared an Oil Discovery in June 2014 and at Crestal-1 which declared an Oil Discovery in July 2014. In H2 2014, the focus is on the appraisal of existing discoveries and additional exploration.
Officer Basin Project, Australia (Application)
Mosman has a 25% investment in the Officer Basin Project, a 22,527 sq. km large land holding with significant exploration potential, which lies in one of the more explored parts of the Basin with road access. The project area is in the Western Australian part of the Officer Basin and offers both conventional and unconventional potential with hydrocarbon shows reported and all elements of a petroleum system are present.
Amadeus Basin Projects, Australia
Mosman owns two granted Permits and one application in the Amadeus Basin in Central Australia which total of 5,458 sq. km. The Amadeus Basin is considered one of the most prospective onshore areas in the Northern Territory of Australia for both conventional and unconventional oil and gas, and hosts the producing Mereenie, Palm Valley and Surprise fields.
Otway Basin Project, Australia
Mosman owns 30% of VIC/P62 in the Otway Basin. The permit was recently renewed and is in relatively shallow water. The 70% permit holder funded a 3D seismic survey in 2013.
Within the Otway Basin there is commercial production both onshore and offshore.