RNS Number : 2757Y
Mosman Oil and Gas Limited
28 November 2014
 



 

 

28 November 2014

Mosman Oil and Gas Limited

("Mosman" or the "Company")

 

Result of Annual General Meeting

 

The Directors of Mosman Oil and Gas Limited ("Mosman" or the "Company") (AIM: MSMN) the New Zealand and Australia focussed oil exploration and development company are pleased to announce the result of the Annual General Meeting held on 28 November 2014.

 

The Company advises that all resolutions at the Annual General Meeting of Shareholders have been passed without amendment.

 

In accordance with section 251AA of the Corporations Act 2001 each resolution has the following proxy votes awarded:

 

Resolution


For

Against

Abstain

Total

1 - Re-election of Director Mr John Young

12,027,792

-

-

12,027,792

2 - Issue of Incentive Options to Mr John W Barr

1,605,916

-

10,421,876

12,027,792

3 - Issue of Incentive Options to Mr John Young

1,605,916

-

10,421,876

12,027,792

4 - Issue of Incentive Options to Mr Andrew Carroll

1,605,916

-

10,421,876

12,027,792

5 - Section 195 approval

1,927,791

-

10,100,001

12,027,792

 

A copy of the Notice of Annual General Meeting, detailing the resolutions, is available from the Company's website at www.mosmanoilandgas.com

 

Enquiries:

 

Mosman Oil & Gas Limited

John W Barr, Executive Chairman

Andy Carroll, Technical Director

jwbarr@mosmanoilandgas.com

acarroll@mosmanoilandgas.com

 

SI Capital Limited

Nick Emerson/Andy Thacker

+44 (0) 1483 413500

Gable Communications

John Bick

+44 (0) 20 7193 7463

mosman@gablecommunications.com

 

ZAI Corporate Finance Limited

Tom Price/John Simpson

+44 (0) 20 7060 2220

 

Updates on the Company's activities are regularly posted on its website www.mosmanoilandgas.com

 

 

About Mosman

Mosman (AIM: MSMN) is an Australia and New Zealand focused oil exploration and development company with a strategy to build a sustainable mid-tier oil and gas business by acquisition and organic growth.

 

Currently, Mosman has a total of seven permits or accepted permit applications in New Zealand and Australia.  In addition four new applications have been made in New Zealand as part of the recent 2014 Block Offer.

 

Petroleum Creek Project, New Zealand

The Petroleum Creek Project is a 143.6 sq. km low cost onshore exploration project located near Greymouth on the South Island in the southern extension of the proven Taranaki oil system. The project has a Mean Unrisked Recoverable Prospective Resource of 26.6 million barrels.  In the first month of drilling, oil was discovered at Cross Roads-1 well which declared an Oil Discovery in June 2014 and at Crestal-1 which declared an Oil Discovery in July 2014.  In H2 2014, the focus is on the appraisal of existing discoveries and additional exploration.

 

Officer Basin Project, Australia (Application)

Mosman has a 25% investment in the Officer Basin Project, a 22,527 sq. km large land holding with significant exploration potential, which lies in one of the more explored parts of the Basin with road access. The project area is in the Western Australian part of the Officer Basin and offers both conventional and unconventional potential with hydrocarbon shows reported and all elements of a petroleum system are present.

 

Amadeus Basin Projects, Australia

Mosman owns two granted Permits and one application in the Amadeus Basin in Central Australia which total of 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.

 

Otway Basin Project, Australia

Mosman owns 30% of VIC/P62 in the Otway Basin. The permit was recently renewed and is in relatively shallow water. The 70% permit holder funded a 3D seismic survey in 2013.

 

Within the Otway Basin there is commercial production both onshore and offshore.


This information is provided by RNS
The company news service from the London Stock Exchange
 
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