Back

MSMN

-4.11%
NEUTRAL

Mosman Oil and Gas Provides Update on Vecta Project Billy Goat

Why we think this is neutral

This RNS announcement provides a general update on the Vecta Project Billy Goat in Colorado, US. It does not contain any of the mandatory news types that would require a more detailed analysis, such as contract news, order news, trading update, financing, funding, annual results, asset sale/disposal, flow testing, licence news, or delisting.

Key Points

  • Mosman has been in discussions with a local helium business interested in acquiring the first well and associated contractual rights of the Billy Goat lease AMI area lease
  • The Board is considering this offer as it could be the fastest path to production and commercialisation for any helium discovered in the Billy Goat Area
  • The Billy Goat AMI lease area first well was drilled to circa 720 feet TD and casing set on 16 May 2025

Summary

The oil and gas company provides an update on its Vecta Project in Colorado, discussing potential opportunities for the first well in the Billy Goat lease area.

Mosman Oil and Gas Limited (AIM:MSMN) has been in discussions with a local helium business that has expressed interest in acquiring the first well and associated contractual rights of the Billy Goat lease AMI area lease. The Board is seriously considering this offer as co-operation with this party could be the fastest path to production and commercialisation for any helium discovered in the Billy Goat Area.

GENERAL UPDATE