---
title: "The Cinnabar project’s footprint has been expanded by Mosman Oil and Gas."
publisher: "Share Talk"
author: "sharetalk"
published: "2023-04-27T07:16:34+00:00"
modified: "2023-04-27T07:16:34+00:00"
date: 2023-04-27
canonical: "https://www.share-talk.com/the-cinnabar-projects-footprint-has-been-expanded-by-mosman-oil-and-gas/"
category: "Energy"
categories: ["Energy"]
tags: ["airborne", "Amadeus Basin", "Andy Carroll", "Australia", "Baja Oil and Gas LLC", "gas", "Gradiometry", "Gravity", "Helium", "John Barr", "John W Barr", "Mosman Oil and Gas Limited", "Mr. Carroll", "MSMN", "Nadsoilco", "Nadsoilco LLC", "oil", "Stanley-4", "Texas", "Winters Lease"]
image: "https://i0.wp.com/www.share-talk.com/wp-content/uploads/2023/11/Stencil-Google-Chrome-2023-04-19-at-2.47.43-PM.jpeg?fit=1231%2C615&quality=89&ssl=1"
format: "news"
language: "en-GB"
---

# The Cinnabar project’s footprint has been expanded by Mosman Oil and Gas.

**Published:** April 27, 2023
**Author:** sharetalk
**Categories:** Energy
**Tags:** airborne, Amadeus Basin, Andy Carroll, Australia, Baja Oil and Gas LLC, gas, Gradiometry, Gravity, Helium, John Barr, John W Barr, Mosman Oil and Gas Limited, Mr. Carroll, MSMN, Nadsoilco, Nadsoilco LLC, oil, Stanley-4, Texas, Winters Lease
**Featured image:** ![](https://i0.wp.com/www.share-talk.com/wp-content/uploads/2023/11/Stencil-Google-Chrome-2023-04-19-at-2.47.43-PM.jpeg?fit=1231%2C615&quality=89&ssl=1)

---

After analyzing the Cinnabar project and interpreting its 3D seismic data, **Mosman Oil and Gas Ltd (AIM: MSMN)** has acquired a new lease adjacent to the project in Texas.

The data revealed the possibility of extending the Cinnabar field beyond its current 350-acre lease, prompting the firm to apply for an additional 120 acres, which has been granted.

**The principal terms of the lease are:**

1.  Payment of USD 36,000 (AUD 54,000)

2.  Initial term of eighteen months that may be extended by the drilling and production of a well. Whilst there is production, the lease would be “Held by Production”

3.  A Royalty of 25% of gross production (which is standard in this part of Texas)

Mosman has identified a preferred drilling location within the new lease, and drilling a well in this area is now the company’s primary focus, according to a statement. Details on timing, location, and costs will be announced in the future.

The lease was purchased at a cost of US$36,000 plus a 25% royalty on gross production, which the company considers typical for this region of Texas. The lease will have an 18-month initial term, Mosman stated.

---

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