10th Jul 2020 10:39
(Alliance News) - Oil & gas firm Mosman Oil & Gas Ltd on Friday said its application for a suspension and extension to the work programme for EP145 permit located in Amadeus Basin has been approved by the Northern Territory government of Australia.
The approval provides additional time to arrange access to the permit area and to conduct further environmental works and preliminary logistics, once the Covid-19 restrictions are lifted, the company said.
This means that the previously required work programme for permit year three will be suspended for 12 months to August 2021 and the exploration permit will be extended to August 21, 2023.
Mosman shares were down 1.9% at 0.086 pence on Friday morning in London.
By Greg Roxburgh; [email protected]
Copyright 2020 Alliance News Limited. All Rights Reserved.
Related Shares:
Mosman Oil & Gas