Mosman Oil and Gas Revises Agreement for Billy Goat Project

PUBLISHED: 28 May 2025 @ 17:59 | Comments (0) | More info about Fiona Craig

Mosman Oil and Gas Limited (LSE:MSMN) has restructured its agreement concerning the Billy Goat Area of Mutual Interest in Colorado, entering into a new arrangement with Vecta Oil and Gas Ltd and Desert Eagle Operating LLC. As part of the revised terms, Desert Eagle will assume a 92% working interest and take on the role of project operator. In return, Mosman will earn 5% of the helium revenue generated—without being required to contribute capital to drilling or development activities. This new structure enables Mosman to allocate resources toward other ventures within the Vecta Project and continue development in the Sagebrush area, enhancing its strategic flexibility and diversifying potential income sources.

Company Snapshot: Mosman Oil and Gas Limited

Mosman Oil and Gas is engaged in the exploration and production of helium, hydrogen, and hydrocarbons, operating across the United States and Australia. The company targets assets with near-term cash flow potential while also investing in longer-term development and exploration opportunities.

While the company has seen positive shifts, such as its focus on helium and strategic project alignments, it continues to face financial headwinds. Challenges with profitability and cash flow weigh on investor sentiment, despite strengths like a solid equity position and encouraging technical signals.

Average Daily Trading Volume: 456,578,867
Technical Sentiment: Hold
Market Capitalization: £9.48 million

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