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Mosman Oil and Gas (AIM: MSMN) is an Australia and New Zealand focused oil exploration and development company with strategy to build a sustainable mid-tier oil and gas business by acquisition and organic growth. Current exploration projects include the following permits, which are 100% owned by Mosman.
The permit is located approximately 100km north of Petroleum Creek and has a 13 TCF prospective resource identified.
The project is located near Greymouth on the South Island in the southern extension of the proven Taranaki oil system. The lower oil price and flow test results indicate the wells are not commercial. The wells are monitored and if circumstances do not change then the wells may be plugged and abandoned so that the permit can be relinquished.
Mosman owns two granted permits and one application which total 5,458 sq. km. The Amadeus Basin is considered one of the most prospective onshore areas in the Northern Territory of Australia for both conventional and unconventional oil and gas, and hosts the producing Mereenie, Palm Valley and Surprise fields.