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COLORADO - Mosman Oil and Gas Limited (AIM:MSMN) has selected contractors for a 3D seismic program at its Sagebrush helium project in Colorado, with field operations scheduled to begin in early October, according to a press release statement issued Tuesday.
The planned seismic survey will cover approximately 16 square miles and aims to provide higher-resolution imaging of subsurface structures and potential helium traps to refine future drilling targets.
Mosman also reported that Sproule’s independent verification of the Sagebrush project is progressing, with economic and reservoir modeling currently underway. The assessment will include a review of historical gas sample analyses from the Sagebrush-1 well, which previously indicated a gas composition of 2.76% helium.
At the company’s Coyote Wash project, permitting processes continue with updated regulatory documentation submitted following feedback from governmental agencies. Further discussions with regulators are scheduled in the coming weeks.
The company has also conducted preliminary design reviews for surface facilities required for helium processing, reporting that no major technical barriers to future development have been identified.
"Across Sagebrush and Coyote Wash we are executing at pace," said Howard McLaughlin, Mosman Interim-Chief Executive, in the statement.
Mosman Oil and Gas describes itself as a company advancing helium, hydrogen and hydrocarbon projects in the USA.
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