Lisa Cook sues Trump over firing attempt, emergency hearing set
SYDNEY - Mosman Oil and Gas Limited (AIM: MSMN), an exploration company focused on helium, hydrogen, and hydrocarbon resources, has received a six-month suspension and extension for the third year of its Exploration Permit EP-145, as granted by the Northern Territory Minister for Mining and Energy.
The company, which had previously announced on January 14, 2025, that the permit was under a sale agreement with Echelon Resources Limited, an ASX-listed company, regards the extension as a positive step towards finalizing the sale. The permit, situated in the Amadeus (BME:AMA) Basin, is in the third year of a five-year exploration term. With the extension, the work program for year three is now extended to August 21, 2025, and the overall term of the permit to August 21, 2027, which includes an exploration well commitment in the fourth year.
Andy Carroll, Chief Executive Officer of Mosman, commented on the development, stating, "We are pleased that the extension has been awarded at EP-145, further smoothing the sale process, as the team focuses on developing its helium projects in the US."
This announcement is considered to contain inside information as per Market Abuse Regulations and has been made public in accordance with regulatory requirements. The extension and suspension of the permit work program are seen as crucial to keeping the permit in good standing and facilitating the ongoing sale process with Echelon Resources.
The information for this report 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.