Mosman Oil and Gas Limited
Key information
Key information
Sector
Oil, Gas and Coal
Website
Close date
Delivery
Placing price
Last price
Discount
Amount raised
0.0225p
0.032 p
29.6 %
£2,170,000
Use of proceeds
Funds raised from the Placing, together with the current cash balance of approximately £1.2 million, will be used to continue progressing exploration activity towards establishing the Sagebrush and Coyote Wash projects as drill-ready. The net proceeds of the Placing will be used for: · Progressing the Independent Prospective Resource Validation at Coyote Wash (Q4 2025) · Activities at Sagebrush, including 3D seismic acquisition and interpretation in Q4 2025, extended well testing through Q4 2025 to Q1 2026, well planning and long lead items, and surface facility design · Field operations and administration · General corporate purposes
Company announcement
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