At the same time, it said it continues to make “good progress” with its exploration portfolio in Australia where it now has two 100% owned and one application spanning a total of 5,458 square kilometres.
The company said the general outlook for exploration in Australia’s Northern Territory is encouraging.
It highlighted that a major gas pipeline project is being developed, due to flow in late 2018, and it said this is advantageous for Mosman as any future exploration success would be in close proximity to the pipeline.
"We are pleased with the increasing level of activity in the NT area driven in large part by higher Australian east coast gas prices,” said John Barr, Mosman chairman.
“We remain focused on our strategically important and high-impact production and development assets in the USA and in parallel in Australia, we are making meaningful progress on technical work on our exploration permits in the NT and look forward to receiving the report and the final geological model on EP156 from Synterra incorporating the airborne survey acquired in 2017 where initial interpretations look encouraging."