Business
Corporate Review Further Update
Corporate Review Further Update.
About this update from Quantum Helium Limited
[{"type":"text","content":"\n\n4 May 2023\nMosman Oil and Gas Limited\n(\"Mosman\" or the \"Company\")\n \nCorporate Review Further Update\n \nMosman Oil and Gas Limited (AIM: MSMN) the oil exploration, development, and production company, refers to the announcements made on 28 March and 19 April 2023, following which Mosman's Board of Directors have recently met and discussed matters in respect to the Corporate Review and provides an update on progress.\n \nThe Board has resolved that in respect to the Australian assets, being the EP 145 permit and the EP(A) 155 exploration permit application in the Amadeus Basin in Central Australia, that the best way forward is to pursue a separate stock market listing in London.\n \nThe Company is progressing positive commercial negotiations on potential future helium production offtake arrangements in respect of EP 145, with two Chinese based companies.\n \nA second key decision was also made in relation to pursuing a separate stock market listing for the Australian assets to appoint a specialist advisor. Accordingly, Mosman is in discussions with various corporate advisory firms in regard to services to assist the process of listing the Australian assets in London.\n \nParties required to complete the listing process, including lawyers, accountants, auditors, brokers and a competent person (CPR), will all be appointed shortly. Mosman has already received expressions of interest from several parties and critically parties seeking to participate in the proposed raising.\n \nThe Company is aiming to complete the separate listing of the Australian assets in CYQ4 2023.\n \nMr. David Minchin, the highly experienced helium exploration geologist, is continuing to work with the team to deliver the optimum outcome as the team works towards the implementation of the corporate review strategy. &...