Mosman Oil and Gas (GB:MSMN) has released an update.
Mosman Oil and Gas Limited has bolstered its stake in the Vecta Helium Project to 20% through the acquisition of an additional 10% working interest, marking a significant expansion from the 48,000 to 51,000 leased acres in Colorado. The company has committed to funding its share of exploratory drilling costs for five wells, with a total investment of around US$1.259 million, as it aims to capitalize on the region’s history of high helium content and near-term drilling prospects.
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