3 July 2020
Mosman Oil and Gas Limited
("Mosman" or the "Company")
Further Update on Sale of Welch Project
Mosman Oil and Gas Limited (AIM: MSMN) the oil exploration, development and production company, provides an update on the sale of the Welch Project in Texas.
Mosman entered into a contract for the sale of Welch with the US based Eagle Natural Resources LLC for US$300,000 (cA$460,000). The purchaser has previously paid a Non-refundable deposit totalling US$60,000 (cA$85,000).
The purchaser has again sought and Mosman has granted an additional 14 day extension to the settlement on the basis that the Non-refundable deposit is increased to US$90,000 (cA$130,000) and this increased deposit has now been received.
Full settlement of the balance of US$210,000 (cA$300,000) is now expected to occur on 17 July 2020.
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.
Enquiries:
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Mosman Oil & Gas Limited John W Barr, Executive Chairman Andy Carroll, Technical Director |
NOMAD and Joint Broker SP Angel Corporate Finance LLP Stuart Gledhill / Richard Hail / Soltan Tagiev +44 (0) 20 3470 0470 |
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Alma PR Justine James +44 (0) 20 3405 0205 +44 (0) 7525 324431 |
Joint Broker Monecor (London) Ltd trading as ETX Capital Thomas Smith +44 (0) 20 7392 1432 |
Updates on the Company's activities are regularly posted on its website: www.mosmanoilandgas.com
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