Mosman Oil and Gas Limited Amadeus Basin Permit EP145 (3486U)
November 22 2019 - 4:02AM
UK Regulatory
TIDMMSMN
RNS Number : 3486U
Mosman Oil and Gas Limited
22 November 2019
22 November 2019
Mosman Oil and Gas Limited
("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 NT
Department of Environment and Natural Resources (DENR) for a final
review.
The next vital step will be the completion of a survey by the
Aboriginal Areas Protection Authority (AAPA) to ensure no areas of
cultural significance will be disturbed by the planned seismic
activities.
Competent Person's Statement
The information contained in this announcement has been reviewed
and approved by Andy Carroll, Technical Director for Mosman, who
has over 35 years of relevant experience in the oil industry. Mr.
Carroll is a member of the Society of Petroleum Engineers.
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have
been deemed inside
information for the purposes of Article 7 of Regulation (EU) No
596/2014 until the release of this announcement.
Enquiries:
Mosman Oil & Gas Limited NOMAD and Broker
John W Barr, Executive Chairman SP Angel Corporate Finance LLP
Andy Carroll, Technical Director Stuart Gledhill / Richard Hail
jwbarr@mosmanoilandgas.com / Soltan Tagiev
acarroll@mosmanoilandgas.com +44 (0) 20 3470 0470
Alma PR
Justine James
+44 (0) 20 3405 0205
+44 (0) 7525 324431
mosman@almapr.co.uk
Updates on the Company's activities are regularly posted on its
website www.mosmanoilandgas.com
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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