Mosman Oil and Gas Ltd (AIM:MSMN) CEO Andy Carroll talked with Proactive's Stephen Gunnion about the company's latest updates on its US helium and oil exploration projects. Carroll shared that Mosman's joint-venture partner, Vecta Oil and Gas Ltd, has signed a drilling contract for five exploration wells at its Vecta project in Las Animas County, Colorado. He highlighted that the operator, Desert Eagle Operating LLC, has experience in drilling helium wells locally, which reduces mobilisation costs.
Discussing the potential of Vecta, Carroll noted its proximity to historic helium production fields from the late 1920s, emphasising the region's proven helium reserves. He also pointed out the success of Desert Eagle’s Red Rock project and the presence of other active drillers in the area.
Beyond Vecta, Carroll provided an update on Mosman’s Sagebrush project near the Four Corners area in Colorado. The project, in partnership with Four Corners Helium, includes existing seismic data identifying significant oil and helium prospects. Notably, the leases include existing oil production, which provides a revenue base for future exploration.
For more insights into Mosman Oil and Gas Ltd’s projects, watch the full interview. Don't forget to like this video, subscribe to Proactive’s channel, and enable notifications for future updates.
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