Mosman Oil & Gas Ltd has announced the extension of ongoing negotiations over its application for a permit to drill in the Amadeus Basin in Australia.
Mosman has entered into a farm-out agreement in relation to the EPA 155 application with Westmarket Oil & Gas Pty Ltd, the company updated on Thursday.
Plexus Holdings PLC (AIM:POS) shares rose 15% to 25.4p after the oil and gas engineering services business highlighted a "milestone" contract win for its wellhead engineering technology collaboration with SLB (Schlumberger).
The AIM-quoted company said it expects equipment rental revenues in the region of £100,000 for the contract, which it said was secured with a major North Sea company via SLB as licensor for the technology.