Mosman Oil & Gas - Amadeus Basin Permit EP145
("Mosman" or the "Company")
Amadeus Basin Permit EP145
Mosman advises that today the relevant Minister in the Northern Territory Government has advised Mosman that he has approved a 12 month suspension of the Year 3 work program commitments for the permit, and a corresponding extension of the permit term.
This is exactly the decision Mosman had sought and now the Company can move forward with the 2D seismic acquisition, seismic processing and interpretation and exploration well planning.
The Company is already progressing the work program having contracted a seismic acquisition contractor to undertake the work and has completed field visits during 2019 to assess the terrain and logistical requirements for the seismic survey. Mosman is also working closely with the seismic contractor to finalise submissions required to obtain approvals to acquire seismic. An Environmental Management Plan (EMP) has been prepared and submitted to the
The next vital step will be the completion of a survey by the
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John W Barr, Executive Chairman
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Updates on the Company's activities are regularly posted on its website www.mosmanoilandgas.com
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Market Cap: £1.33 m
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