IN BRIEF: Mosman Oil ups interest in Billy Goat lease area to 90%
13th May 2025 12:21
Mosman Oil & Gas Ltd - helium, hydrogen, and hydrocarbon exploration company - Says it has negotiated an increase in its interest in the Billy Goat Area of Mutual Interest lease area for the Vecta project, to 90% from 20%, in return for funding the upcoming drilling on the lease in its entirety. Mosman estimates the cost of the well to be less than USD200,000, to be funded from existing cash reserves. The rig is on location, with the drilling of the first exploration well of a five well programme expected to start in the next 24 hours in Colorado. Read More