26th May 2016 09:53
LONDON (Alliance News) - Mosman Oil & Gas Ltd on Thursday said it is seeking potential investments in the resources industry beyond the oil and gas sector.
Mosman said several potential opportunities have been declined thus far, but the company is continuing talks on possible investments that still would be in the oil and gas sector.
The group said it remains in a sound financial position, has implemented cost cuts across the business and is continuing to monitor its plans.
The company added exploration work is ongoing on its existing assets, with survey work on the Murchison permit in New Zealand to take place soon and talks on the work programme at Petroleum Creek and the Taramakau prospects continuing.
Mosman shares were down 2.6% to 0.71 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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