Mosman Oil and Gas Secures £1.5 Million to Advance Helium Projects with Key Acquisition

Mosman Oil and Gas CEO Andy Carroll joined Steve Darling from Proactive to announce the company’s successful capital raise of £1.5 million through a placement and subscription of ordinary shares. This influx of funds will enable the company to further pursue and develop helium projects, enhancing its portfolio in this growing sector. Carroll highlighted the company’s recent strategic acquisition of a 20% working interest in the Vecta Helium Project located in Colorado as part of its clear strategy to capitalize on the helium market. He emphasized that the raised capital would be instrumental in advancing these initiatives. Additionally, Carroll provided an update on EP(A) 155, a project where Mosman holds 100% interest. He shared that the approval process is progressing well, with a meeting with the Central Land Council having taken place earlier this month. Depending on Georgina’s farm-in conditions, Mosman’s interest in the project could reduce to 25% or even 10% if they opt to be carried through the drilling phase. #proactiveinvestors #mosmanoilandgaslimited #aim #msmn #oil #gas #capitalraise #HeliumProjects #CapitalRaise #SemiconductorDemand #VectaProject #ColoradoDrilling #OilAndGasExploration #GeorginaEnergy #EnergyInvesting #ProactiveInvestors#invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews