Vecta Project Billy Goat Update
Mosman in discussions with local helium business regarding acquisition of Billy Goat first well and contractual rights.
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Mosman Oil and Gas Limited (AIM:MSMN) the helium, hydrogen and hydrocarbon exploration, development and production company, announces an update on the Vecta Project in Colorado, US.
Mosman 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.
The Billy Goat AMI lease area first well was drilled to circa 720 feet TD and casing set on 16 May 2025. Further well information will not be released until after these discussions have been finalised.
Andy Carroll, Chief Executive Officer of Mosman, said: "We are pleased that this potential opportunity has arisen. Mosman will only agree to a change that it considers more favourable to the Company and shareholders. We look forward to providing further updates in due course."
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.