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Sagebrush Maiden Contingent Resources
Sagebrush Maiden Contingent Resources.
About this update from Quantum Helium Limited
[{"type":"text","content":"\n\n\n \n8 May 2025\nMosman Oil and Gas Limited\n(\"Mosman\" or the \"Company\")\n \nSagebrush Maiden Helium and Hydrocarbon Contingent Resources\n \nMosman Oil and Gas Limited (AIM:MSMN) the helium, hydrogen and hydrocarbon exploration, development and production company, announces the first estimate of helium and hydrocarbon volumes at the Sagebrush Project in Colorado, US (\"Sagebrush Project\"). \n \nHighlights\n\n\n\n\n\n· \n\n\nMaiden C2 net best estimate Contingent Resources of 205 million cubic feet (mmcf) of helium and 1.7 billion cubic feet (bcf) of hydrocarbon gases at the Sagebrush Project as determined by Mosman utilising a report from Four Corners Helium LLC (\"FCH\") dated 5 May 2025 in which seismic interpretation indicates a structural closure of circa 585 acres and estimates the initial gas in place volume as 18.4 bcf and recoverable gas volume to be 11 bcf (\"FCH Report\").\n\n\n\n\n\n· \n\n\nThe combination of existing wells, flow tested helium and hydrocarbons, oil production infrastructure and an existing gas pipeline provide the ingredients to move in stages to a potential fast track helium and hydrocarbon development at the Sagebrush Project.\n\n\n\n\n\n· \n\n\nThe fast-track development potential is in addition to the significant exploration prospects identified by seismic at both the Sagebrush Project and the adjacent Coyote Wash Project.\n\n\n\n\n \nAndy Carroll, Chief Executive Officer of Mosman, said: \"This Maiden Contingent Resource estimates for helium and hydrocarbon gases is a significant milestone, indicating the existing well could be used to fast-track helium production in stages.\n \n\"We have all the key ingredients for assessing future development potential with an existing well, gas composition, production facilities and a gas pipeline.\n \n\"We are now working on a development feasibility study that will likely include recompletion of the well and an extended flow test, as well as design of production facilities for selling helium via road tanker or pipeline and using the hydrocarbons for power generation and/or sale.\n \n\"In addition, at the nearby and separate Coyote Wash Project, the structures at its various Leadville prospects appea...