Mosman Oil and Gas Limited Further Update on Sale of Welch Project (9750R)
03 July 2020 - 5:55PM
UK Regulatory
TIDMMSMN
RNS Number : 9750R
Mosman Oil and Gas Limited
03 July 2020
3 July 2020
Mosman Oil and Gas Limited
("Mosman" or the "Company")
Further Update on Sale of Welch Project
Mosman Oil and Gas Limited (AIM: MSMN) the oil exploration,
development and production company, provides an update on the sale
of the Welch Project in Texas.
Mosman entered into a contract for the sale of Welch with the US
based Eagle Natural Resources LLC for US$300,000 (cA$460,000). The
purchaser has previously paid a Non-refundable deposit totalling
US$60,000 (cA$85,000).
The purchaser has again sought and Mosman has granted an
additional 14 day extension to the settlement on the basis that the
Non-refundable deposit is increased to US$90,000 (cA$130,000) and
this increased deposit has now been received.
Full settlement of the balance of US$210,000 (cA$300,000) is now
expected to occur on 17 July 2020.
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have
been deemed inside information for the purposes of Article 7 of
Regulation (EU) No 596/2014 until the release of this
announcement.
Enquiries:
Mosman Oil & Gas Limited NOMAD and Joint Broker
John W Barr, Executive Chairman SP Angel Corporate Finance LLP
Andy Carroll, Technical Director Stuart Gledhill / Richard Hail
jwbarr@mosmanoilandgas.com / Soltan Tagiev
acarroll@mosmanoilandgas.com +44 (0) 20 3470 0470
Alma PR Joint Broker
Justine James Monecor (London) Ltd trading as
+44 (0) 20 3405 0205 ETX Capital
+44 (0) 7525 324431 Thomas Smith
mosman@almapr.co.uk +44 (0) 20 7392 1432
Updates on the Company's activities are regularly posted on its
website: www.mosmanoilandgas.com
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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