Mosman Oil and Gas Ltd (AIM:MSMN) has lodged its Year Three report on EP 145, its exploration block in the Amadeus Basin in Australia, with the Northern Territory government.
The current work schedule on the permit will be the acquisition of seismic in early 2024, subject to funding and APAA and government approvals.
Drilling would be considered after the seismic acquisition and processing, said the statement.
In June, the NT government approved the extension of time to complete the Year Three work program until 21 August 2024.
Andy Carroll, Mosman’s technical director, commented: "We look forward to increased drilling activity from third parties in the Amadeus Basin with several wells scheduled to commence later in 2023."