Mosman Oil and Gas Limited (LSE:MSMN) has revealed an internal estimate of 1,072 MMcf of prospective helium resources at its Coyote Wash Project in Colorado. The project is located in a region with a proven track record of helium production, and the estimate draws on data from surrounding wells combined with reprocessed seismic analysis.
The company plans to work with Sproule ERCE to conduct an independent assessment and certification of the resource. A positive evaluation could substantially strengthen Mosman’s helium portfolio and advance its broader U.S. growth strategy in this sector.
Despite this promising development, Mosman continues to face financial pressures, including weak profitability and challenging valuation metrics. While technical indicators hint at moderate momentum and the company benefits from a solid equity base and a strategic shift toward helium, ongoing cash flow constraints remain a key obstacle.
About Mosman Oil and Gas
Mosman Oil and Gas Limited is engaged in the exploration, development, and production of helium, hydrogen, and hydrocarbons across the U.S. and Australia. The company focuses on projects that can generate operational cash flow while maintaining significant development upside. In addition to its U.S. portfolio, Mosman also holds royalty interests in Australia.
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