Mosman Oil and Gas Ltd (AIM: MSMN) has provided investors with an update on its ongoing corporate review, which was initiated because the company believes that its assets’ value is not being adequately reflected in its share price.
The company has reported that it is currently engaged in discussions with various parties interested in its assets, and any resulting commercial proposals will be evaluated by the board.
Additionally, Mosman has disclosed that it is in discussions with a Chinese firm regarding a potential head of agreement for potential future cooperation in offtake, financing, and equipment supply. Furthermore, Mosman has focused on natural gas, helium, and hydrogen in its Central Australia assets, and has recently met with the government and other parties to advance these interests.
Mosman has also reinforced its team in London by engaging David Minchin, an experienced helium exploration geologist who formerly served as the CEO of Helium One, to assist the company in reviewing and creating proposals for the board’s consideration.
Mosman noted that a recent announcement by ASX-listed Central Petroleum Limited regarding a joint venture targeting helium in the Amadeus Basin, adjacent to Mosman interests, may be of interest to investors, as the third-party exploration program progresses.
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