Mosman Oil and Gas Ltd (AIM:MSMN) CEO Andy Carroll discusses the company’s strategic acquisition of an 82.5% stake in the Sagebrush helium project in Colorado with Proactive's Stephen Gunnion. Carroll highlighted the area’s strong geological potential and the significance of combining it with the adjacent Coyote Wash project in the prospective Four Corners area.
He explained that Sagebrush comes with existing production infrastructure and demonstrated helium potential. "We have done a full technical review, and this area stands out for its proven helium source and excellent sealing properties," Carroll noted.
The acquisition is set to be finalised in January, bolstering Mosman’s portfolio, which also includes the Vecta helium project in Colorado and projects in Australia. Carroll emphasised a carefully considered exploration approach, leveraging extensive seismic data to identify high-potential targets.
With a diverse range of projects, Mosman Oil and Gas is positioning itself as a key player in helium exploration and production.