Mosman Oil and Gas Limited (LSE:MSMN) has announced progress at its Sagebrush helium project in Colorado, where it holds an 82.5% working interest. The company has engaged independent consultancy Sproule Incorporated to conduct a formal assessment of helium resources, aimed at verifying and refining Mosman’s internal estimates. In addition, the company is preparing to undertake a 3D seismic survey and extended production testing of the Sagebrush-1 well, collecting vital data to support future exploration and commercialization strategies.
These initiatives mark an important phase in de-risking the project and advancing it toward potential commercial development. The work is expected to be funded using Mosman’s existing cash reserves, reflecting its strategic commitment to helium as a core focus.
While the company faces financial headwinds, including profitability concerns and a weak valuation profile, recent technical indicators and corporate developments suggest potential for incremental progress. A shift in strategic focus toward helium and a strengthened equity position may help lay the groundwork for longer-term gains.
About Mosman Oil and Gas Limited
Mosman Oil and Gas is a dual-focused exploration and development company with operations in the United States and Australia. The company is involved in the search for and development of helium, hydrogen, and traditional hydrocarbon resources. With an emphasis on assets offering both near-term cash flow and long-term growth potential, Mosman continues to reposition itself toward emerging energy markets, particularly the helium sector.
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