Mosman Oil inks formal sale and purchase deal over EPA-155
Mosman Oil and Gas said in an update on Thursday that it has now entered into a formal share sale and purchase agreement with Georgina Energy regarding EPA-155, with completion subject to government approvals.
Mosman Oil and Gas Limited (DI)
20 February 2025 15:02:00
Source: Sharecast
The AIM-traded company said it received a non-refundable deposit of AUD 50,000 (£25,310) as part of the transaction.
“This is a further step in commercialising Mosman's broad portfolio by securing royalties whilst reducing operating costs and potential capital expenditure,” said chief executive officer Andy Carroll.
“This will enable management to focus and facilitate capital allocation to lower cost exploration in the US where there is also established helium infrastructure and growing markets.”
At 1433 GMT, shares in Mosman Oil and Gas were up 2.34% at 0.04p.
Reporting by Josh White for Sharecast.com.
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