Mosman Oil and Gas Ltd (AIM:LON:MSMN) said it expects seismic acquisition to start on its EP-145 licence in the Amadeus (BME:AMA) basin in central Australia early in 2025.
An Environmental Management Plan for the Wildhorse 2D seismic project was submitted on 26 November 2024 and Mosman anticipates approval approximately 30 days from submission, subject to receipt of the AAPA heritage certificate which was requested in March 2024.
Given the time it takes to get the approvals listed above, a six-month "suspension and extension" of Permit Year Three has been requested to extend from February to August 2025.
At EPA-155, Mosman has a farm-out agreement where Georgina Energy can take a 75% interest in EPA-155 by completing all the conditions of that agreement.
Andy Carroll, Mosman's chief executive, said: "We are pleased with the progress being made across both these projects in Australia, which are cornerstones of our exploration portfolio.
“These developments demonstrate progress in our strategy to deliver on our exploration projects to meet both growing global demand for helium and to replace declining hydrocarbon supply in the Northern Territory."