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Mosman Oil and Gas wins NT approval for helium and hydrogen venture [Video]

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Small Business Funding

Mosman Oil and Gas Ltd (AIM:MSMN) CEO Andy Carroll joins Jonathan Jackson in Proactive’s Australian studio to discuss the final government approval for the farm-in into its Australian project, EP 145, where it holds a 100% interest. The company is now set to proceed with the next steps of exploration at the Northern Territory project in partnership with Greenvale Energy Ltd (ASX:GRV, OTC:GVLMF)(ASX: GRV). A farm-in agreement was established in October 2023, allowing Greenvale to earn a 75% interest in EP 145 by funding seismic and drilling activities up to AU$5.5 million. As part of the agreement, Greenvale will pay Mosman AU$160,000 within five business days and cover the costs for the third and fourth-year work programmes at EP 145, including seismic acquisition and processing, estimated at AU$2 million, to be completed by August 2024, and drilling a well, with expenses dictated by various factors, targeted for completion by August 2025. EP 145, located in the Amadeus Basin of the NT, has …

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