Mosman Oil and Gas (GB:MSMN) has released an update.
Mosman Oil and Gas Limited has announced the sale of its interests in Nadsoilco LLC, including assets in Texas, for up to $1.75 million, to shift focus towards helium exploration and production, particularly in the Vecta Helium Project in Colorado. The deal, which is subject to due diligence, will provide Mosman with additional working capital to support its helium projects and remaining oil and gas ventures. The company aims to capitalize on the promising helium market, leveraging their expertise to identify quality projects and continue the commercialization of its oil and gas assets.
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