Mosman Oil reports first revenue from Sagebrush project

Published 21/03/2025, 09:30
Mosman Oil reports first revenue from Sagebrush project

NEW YORK - Mosman Oil and Gas Limited (AIM:MSMN), an exploration and production company specializing in helium, hydrogen, and hydrocarbons, has disclosed its first revenue from the Sagebrush project, following the acquisition’s completion. The company, which operates the project, reported January 2025 gross revenue of US$53,974. Sales volumes fluctuate monthly due to varying numbers of tanker pickups, with January seeing four loads sold compared to six in February.

Additionally, Mosman has enhanced the Sagebrush project’s 2D seismic data clarity and frequency, aiding in well performance analysis and future drilling prospect development.

The company also provided an update on the Vecta project, in which it holds a 20% working interest (WI). Mosman is awaiting further clarity on the drilling schedule from Vecta’s operator, as regulatory differences have delayed the process for water well drilling, with completion not expected until after mid-April. The company emphasized its desire for drilling to commence as soon as possible.

For the 100% WI Coyote Wash Project in Colorado, Mosman has completed a thorough evaluation and initiated reprocessing of 3D seismic data to better define drilling opportunities. Six major prospects have been identified, targeting the Ismay, Leadville, and McCracken Formation for both helium and oil.

CEO Andy Carroll expressed satisfaction with the progress at both Coyote Wash and Sagebrush, highlighting the unique position of Mosman in generating monthly revenues from the latter, a rarity among helium exploration firms. Carroll also mentioned the company’s anticipation for the 2025 North American Helium & Hydrogen Conference in Denver on April 9-10, where the team plans to engage with industry peers and conduct site visits.

This update is based on a press release statement from Mosman Oil and Gas Limited.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.