Mosman’s interim chief executive, Howard McLaughlin, joins Vox to talk about Sagebrush, a helium and natural gas project in Colorado that looks highly prospective and which looks capable of generating early cash flow for the company.
The project already has an existing well on it, which would have cost around $5 million to drill new, and this will shortly be flow-tested. In addition, consultants from Sproule are currently working on verifying the extent and scale of Sagebrush, and a resource and reserve update can be expected in due course.
McLaughlin talks about the geology of Leadville, as well as the likely breakdown of the revenue stream from Sagebrush, and also touches on the existing helium production that’s already taking place in the wider area.
These planned operations at Sagebrush will be funded from the Company’s existing cash resources.
Mosman Interim-CEO Howard Mclaughlin, commented: “Engaging Sproule, acquiring the 3D seismic survey, and advancing the extended production test at Sagebrush-1 are pivotal steps in our helium strategy. These initiatives are designed to validate our resource estimates, de-risk the project, and provide the data needed to advance towards commercialisation. We are committed to executing these plans efficiently and safely, with the goal of unlocking the full potential of the Sagebrush project.”
