Mosman Oil and Gas (GB:MSMN) has released an update.
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Mosman Oil and Gas Limited has announced a significant step forward in their EP 145 helium project as their partner Greenvale Energy Ltd received a $100,000 co-funding grant to support seismic data acquisition in the Amadeus Basin, Central Australia. This data is crucial for targeting high-grade helium and hydrocarbon resources, with Greenvale poised to tap into the burgeoning helium market plagued by supply shortages. Mosman retains a 25% interest in the project, with Greenvale covering the costs of seismic acquisition under the farm-in agreement terms.
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