Mosman Oil and Gas Limited Amadeus Basin Permit EP145 (3590Y)
12 May 2021 - 6:12PM
UK Regulatory
TIDMMSMN
RNS Number : 3590Y
Mosman Oil and Gas Limited
12 May 2021
12 May 2021
Mosman Oil and Gas Limited
("Mosman" or the "Company")
Amadeus Basin Permit EP145
Mosman Oil and Gas Limited (AIM: MSMN) the oil exploration,
development and production company, announces that the relevant
Minister in the Northern Territory Government has advised that
Mosman's application for a suspension and extension to the work
programme conditions for EP145 has been approved.
Mosman will now engage the airborne gravity data acquisition
company and as there are not currently any Covid-19 restrictions
this survey is able to proceed in the near future.
This results in the suspension and extension mean that the work
allocated to be completed in Permit year 3 and was previously due
to be completed by 21 August 2021, is now due by 21 August 2022.
Subsequent permit years work requirements have also been extended
by one year.
John W Barr, Chairman, said: "All going well the gravity will be
flown in June and the interpretation will be completed afterwards.
The results from the gravity work will provide important details
and will also affect the final Seismic programme which is currently
in advanced planning stage."
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 John NOMAD and Broker
W Barr, Executive Chairman SP Angel Corporate Finance LLP
Andy Carroll, Technical Director Stuart Gledhill / Richard Hail /
jwbarr@mosmanoilandgas.com Adam Cowl
acarroll@mosmanoilandgas.com +44 (0) 20 3470 0470
Alma PR Joint Broker
Justine James Monecor (London) Ltd trading as ETX
+44 (0) 20 3405 0205 Capital Thomas Smith
+44 (0) 7525 324431 020 7392 1432
mosman@almapr.co.uk
Updates on the Company's activities are regularly posted on its
website:
www.mosmanoilandgas.com
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END
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