Mosman Oil and Gas Limited

Mosman Oil and Gas Limited is a hydrocarbon, helium and hydrogen exploration, development, and production company in Australia.
Deal price
0.035p
Discount of 30 %
Last Price 0.05p p

Key information

Key information

Sector

Oil, Gas and Coal

Close date

Delivery

Placing price

Last price

Discount

Amount raised

0.035p

0.05 p

30 %

£300,000

Use of proceeds

Management of EP 145 activities including soil and water sampling for hydrogen and helium; Central Land Council annual fees; and another Aboriginal Areas Protection Authority approval process fee required ahead of future seismic acquisition (subject to additional funding). Additional investment at Cinnabar to provide gas lift to optimise production at existing wells. Additional costs of workovers to optimise production at Cinnabar wells. Expenditure related to the new lease area near Cinnabar including lease costs and technical work to identify preferred drilling locations and working capital requirements.

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