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Quantum Helium #QHE – Sagebrush-1 Testing Progresses; Key Leadville Perforation Next Week
Quantum Helium Limited (“Quantum” or the “Company”) is pleased to provide an operational update on the extended production test at the Sagebrush-1 well, Colorado.
Highlights
- Extended production test program progressing well, with operations advancing in line with plan
- Lower Leadville perforation scheduled for next week, targeting the primary helium-bearing interval
- Key well preparation milestones are progressing, including cementing, casing integrity testing and drill-out operations
- Testing programme designed to test flow rates and confirm historical helium concentrations of 2.76%
- Critical step towards converting prospective helium resources into reserves and commercial development
Operational Update
Operations at Sagebrush-1 continue to progress well, with the extended production test now actively underway.
Over the past week, the Company has successfully completed key preparatory and completion activities, currently completing cementing operations across the currently producing Ismay zone, pressure testing of casing, and drill-out of cement and bridge plug. These works are essential to ensure well integrity and optimise conditions ahead of flowing the primary target interval.
The next phase of operations will focus on the perforation and testing of the Lower Leadville Formation, the principal helium-bearing reservoir at Sagebrush, with perforation operations scheduled to start over the coming week as the programme moves into its key testing phase.
The Leadville test is designed to evaluate flow characteristics and confirm helium concentrations, building on historic testing at the Sagebrush-1 well, which recorded helium concentrations of 2.76%.
The Company will continue to provide updates as operations progress through this critical phase of testing.
Project Progress to Date
Quantum has delivered a series of significant milestones to reach this stage of operations, including:
- Acquisition and consolidation of the Sagebrush Project
- Approval of key agreements with the Ute Mountain Ute Tribe
- Securing and funding of the Irrevocable Letter of Credit for bonding purposes
- Approval of lease assignments and operatorship by the BIA and relevant regulators
- Completion of 3D seismic across the project area, identifying a large, well-defined structure
- Final regulatory approvals enabling commencement of field operations
These achievements position the Company strongly as it moves into the most critical stage of the extended production test.
Strategic Context
The extended production test at Sagebrush-1 represents a key step in Quantum’s strategy to unlock the value of its helium portfolio.
The Company holds over 1 Bcf of 2U prospective recoverable helium resources across Sagebrush and Coyote Wash, representing one of the largest independently assessed helium portfolios among London-listed companies.
The current testing programme is focused on advancing Sagebrush from a resource-stage asset towards reserves, development and ultimately commercial production, while further growth potential exists across multiple drill-ready prospects at Coyote Wash.
This strategy is supported, in part, by Quantum’s existing oil production at Sagebrush, which has continued to generate revenue and contribute towards funding helium-focused operations.
Quantum Chief Executive, Howard McLaughlin, commented: “We are very pleased with the progress being made at Sagebrush-1, with operations advancing smoothly through the initial phases of the extended production test program.
What sets Quantum apart from many of our peers is that we are not searching for helium – we already have a significant, independently assessed helium resource base. Our focus now is on confirming the historical helium concentration of 2.76% recorded at Sagebrush-1, and moving the resource into reserves, through appraisal and ultimately commercial development.
The upcoming perforation of the Lower Leadville Formation is a major milestone for the Company and marks the transition into the key testing phase. This is the interval we believe holds the greatest potential, and we are excited to now be entering this stage of operations.
Importantly, Sagebrush is just one part of a much larger growth story. With a substantial prospective helium resource base and multiple drill-ready targets at Coyote Wash, we believe Quantum is uniquely positioned in the London market as we move into the next stage of value creation.
We look forward to keeping shareholders updated as the flow testing program and results become available in due course.”
Enquiries:
| Quantum Helium Limited
Carl Dumbrell Chairman
|
NOMAD and Joint Broker
SP Angel Corporate Finance LLP Stuart Gledhill / Richard Hail / Adam Cowl +44 (0) 20 3470 0470 |
| Brand Communications
Alan Green Tel: +44 (0) 7976 431608 |
Joint Broker
CMC Markets UK Plc Douglas Crippen +44 (0) 020 3003 8632 |
Updates on the Company’s activities are regularly posted on its website: www.quantum-helium.com
Notes to editors
Quantum (AIM: QHE) is a helium, hydrogen and hydrocarbon exploration, development, and production company with projects in the US and Australia. Quantum’s strategic objectives remain consistent: to identify opportunities which will provide operating cash flow and have development upside, in conjunction with progressing exploration. The Company has several projects in the US, in addition to royalty interests in Australia.
Quantum Helium #QHE – Operatorship Approved for Sagebrush. Mobilisation for Extended Production Test to Commence After Easter
Quantum Helium Limited (AIM: QHE) is pleased to announce that it has received notification that operatorship of the Sagebrush Project in Colorado has been approved by the Bureau of Indian Affairs (“BIA”).
This key milestone follows an extensive and proactive engagement process undertaken by the Company and its advisors with regulatory authorities and stakeholders. The Company’s recent visit to Colorado, including meetings with the Ute Mountain Ute Tribe and regulatory bodies, contributed positively to the progression and successful conclusion of the approvals process.
With notification of operatorship approval now received, Quantum is moving into the next operational phase at Sagebrush, with mobilisation for the extended production test at the Sagebrush-1 well expected to commence shortly after Easter.
Highlights
- Notification received of approval of operatorship for the Sagebrush Project by the BIA
- Final regulatory step completed, enabling Quantum to take operational control
- Mobilisation for extended production test at Sagebrush-1 to commence post-Easter
- Over 1 Bcf of independently assessed prospective helium resources across Sagebrush and Coyote Wash
- Strong market backdrop with increasing global focus on helium supply security
Operational Update – Sagebrush-1
The extended production test at Sagebrush-1, which is expected to run over a number of weeks, represents a key near-term operational milestone for Quantum.
The well historically encountered non-combustible gas with measured helium concentrations of approximately 2.76%, providing strong technical validation of the helium potential within the Leadville Formation. The upcoming test is designed to assess flow rates and confirm commercial deliverability.
Importantly, the extended production test is expected to support the progression of the Company’s existing helium resources into reserves, representing a significant step forward in the commercial development of the project.
Extensive planning and procurement of long-lead items have already been completed, allowing the Company to move efficiently into the testing phase following notification of operatorship approval.
The Company will update the market once testing has commenced and as operations progress
Strategic Position
Quantum has prospective helium resources of over 1 Bcf across its Sagebrush and Coyote Wash projects, providing a strong foundation for development.
The Company’s strategy of combining helium exploration with existing oil production – which generated over US$600,000 in gross revenue in 2025 – provides both technical and financial support as it advances towards helium production.
Market Context
The advancement to testing at Sagebrush comes at a time of increasing global focus on helium supply security, with recent geopolitical developments in the Middle East disrupting a significant portion of global production. Industry sources indicate that up to one-third of supply has been impacted, with suppliers already implementing allocation measures and prioritising critical sectors such as medical imaging, semiconductor manufacturing and aerospace.
Against this backdrop, the importance of secure and domestic helium supply in the United States has become increasingly apparent. Quantum’s Sagebrush and Coyote Wash projects, with over 1 Bcf of independently assessed helium resources, are well positioned within this evolving market, with the upcoming production test at Sagebrush-1 representing a key step towards potential future supply.
Outlook
With notification of operatorship approval now received, Quantum is entering a highly active operational phase, with the extended production test at Sagebrush-1 set to be the immediate focus.
The Company believes that the combination of independently verified helium resources, existing oil production providing revenue support, and near-term operational catalysts positions it strongly as it advances towards potential helium development.
Howard McLaughlin, Chief Executive Officer of Quantum Helium, said: “This is a major milestone for Quantum and reflects a significant amount of work by the team to advance Sagebrush through the regulatory framework.
We would also like to thank the Ute Mountain Ute Tribe for their continued support and engagement throughout, which has been invaluable in reaching this point, and we are grateful to our shareholders for their patience throughout what has been a detailed approval phase.
Receiving notification of operatorship approval marks a key step forward for the Company, allowing us to move into the next phase of activity, with mobilisation for the extended production test scheduled to commence shortly after the Easter break. Sagebrush-1 has already demonstrated the presence of helium, and this next stage is focused on confirming its commercial potential and advancing our resources towards reserves.
With increasing global focus on helium supply security, particularly in the United States, we believe Sagebrush is strongly positioned as we enter this important and exciting phase of operations.”
Market Abuse Regulation (MAR) Disclosure
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (‘MAR’) which has been incorporated into UK law by the European Union (Withdrawal) Act 2018. Upon publication via Regulatory Information Service (‘RIS’), this information is now in the public domain
Enquiries:
| Quantum Helium Limited
Carl Dumbrell Chairman
|
NOMAD and Joint Broker
SP Angel Corporate Finance LLP Stuart Gledhill / Richard Hail / Adam Cowl +44 (0) 20 3470 0470 |
| Brand Communications
Alan Green Tel: +44 (0) 7976 431608 |
Joint Broker
CMC Markets UK Plc Douglas Crippen +44 (0) 020 3003 8632 |
Updates on the Company’s activities are regularly posted on its website: www.quantum-helium.com
Notes to editors
Quantum (AIM: QHE) is a helium, hydrogen and hydrocarbon exploration, development, and production company with projects in the US and Australia. Quantum’s strategic objectives remain consistent: to identify opportunities which will provide operating cash flow and have development upside, in conjunction with progressing exploration. The Company has several projects in the US, in addition to royalty interests in Australia
Quantum Helium #QHE – Extended Production Test at Sagebrush-1 to commence as soon as operatorship is finalised
Quantum Helium Limited (AIM: QHE) is pleased to announce that the U.S. Bureau of Indian Affairs (“BIA”) has formally approved the assignment of the Sagebrush lease to Quantum, where the Company holds a 90% working interest.
This approval represents a major regulatory milestone for the Company and clears the way for key next steps being the appointment of Quantum as operator and the subsequent planned extended production test of the Sagebrush-1 well, which Quantum intends to commence as soon as possible.
All long-lead items required for the production test have already been secured, allowing the Company to move rapidly into operations.
The approval follows shortly after the recent BIA approval of the Coyote Wash Indian Mineral Development Agreement, further strengthening Quantum’s regulatory and operational position across its Colorado helium portfolio.
Highlights
- BIA approval received for the assignment of the Seeley lease to Quantum Helium for the Sagebrush Project
- Production test scheduled to begin shortly following confirmation of Quantum’s operatorship with all long-lead equipment already secured
- Historic drill stem test confirmed helium concentration of 2.76% from the Leadville Formation at Sagebrush-1 well
- Independent Sproule ERCE evaluation confirms 2U gross helium prospective resources of 134 MMscf at Sagebrush
- Combined Colorado portfolio now hosts more than 1 BCF of independently verified gross helium resources across Sagebrush and Coyote Wash
- Approval follows recent BIA approval of the Coyote Wash IMDA, further strengthening Quantum’s operational position in the Four Corners helium fairway
- Extended production test represents the next step towards potential commercial development of the Sagebrush helium discovery
Sagebrush Extended Production Test
The extended production test will initially focus on the Leadville Formation, a carbonate reservoir which has emerged as a significant helium target across the Four Corners region.
The Sagebrush-1 well was originally drilled to a depth of approximately 7,467 feet, targeting both the Ismay Formation oil reservoir and the deeper Leadville Formation carbonates. During historical drill stem testing of the Leadville interval, the well flowed non-combustible gas which laboratory analysis confirmed contained 2.76% helium, alongside methane and heavier hydrocarbons.
Wireline logs identified approximately 94 feet of net gas pay, and the test concluded with the well continuing to build pressure, suggesting the potential for stronger sustained flow rates using modern completion and stimulation techniques.
The well was subsequently cased and remains available for re-entry, providing the Company with a significant time and cost advantage as it advances testing.
The planned extended production test will include acid stimulation of the Leadville reservoir and sustained flow testing designed to measure productivity, reservoir characteristics and gas composition under modern operational conditions.
Data obtained from the test will be used to refine reservoir modelling and support the potential transition of resources toward reserves and future development planning.
Independent Resource Validation
An independent resource evaluation by Sproule ERCE confirmed Sagebrush as a technically credible helium project with 2U gross prospective helium resources of 134 MMscf, with upside potential of 269 MMscf in the 3U case.
This independently verified helium resource forms part of Quantum’s wider Colorado portfolio which now totals more than 1 BCF of 2U gross helium resources across Sagebrush and Coyote Wash.
The recently completed high-resolution 3D seismic survey has also confirmed the presence and geometry of the large helium-bearing Leadville structure at Sagebrush, materially de-risking the planned production test.
Strategic Importance
The approval of the Sagebrush assignment allows Quantum to move to the final step of becoming the operator of record. After completing the formality of obtaining operatorship we can commence the Sagebrush-1 extended production test.
The Company believes Sagebrush represents a flagship development opportunity within the Four Corners helium fairway, supported by:
- a drilled and cased discovery well
- independently validated helium resources
- newly acquired 3D seismic confirming the structural trap
- established infrastructure in the region
The Company’s immediate operational focus is now on executing the extended production test and evaluating the results as part of its broader development strategy across both Sagebrush and Coyote Wash.
Howard McLaughlin, Chief Executive Officer of Quantum Helium, commented: “Receiving BIA approval for the assignment of the lease we bought from Seeley Oil Company is a major milestone for the Company and allows us to move immediately following operatorship into the next operational phase.
Sagebrush-1 has already demonstrated the presence of helium in the Leadville Formation, with historic testing confirming a concentration of 2.76%. The well encountered approximately 94 feet of gas pay and concluded testing while still building pressure, which is highly encouraging from a reservoir perspective.
The upcoming extended production test will allow us to apply modern completion techniques, including acid stimulation, to properly evaluate the productivity of the Leadville reservoir. The data generated will be critical in confirming flow rates, reservoir performance and the broader commercial potential of the Sagebrush helium accumulation.
With 3D seismic confirming the size and geometry of the Leadville structure, we believe the project is now well positioned to demonstrate its value through this production test.”
Carl Dumbrell, Executive Chairman of Quantum Helium, added: “This approval represents an extremely important step for Quantum and reflects the constructive engagement we have had with both the Bureau of Indian Affairs and the Ute Mountain Ute Tribe.
Last week the executive team travelled to Colorado where we had the opportunity to meet with Tribal representatives and discuss the Sagebrush project in person. We are very grateful for the time they gave us and sincerely appreciate the ongoing support and cooperation shown towards Quantum.
Building respectful and long-term relationships with our partners and local stakeholders is fundamental to how we operate.
With the assignment now formally approved and all long-lead items already secured, we look forward to becoming operator and commencing the extended production test at Sagebrush-1 and working closely with the Tribe as the project progresses.”
Market Abuse Regulation (MAR) Disclosure
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (‘MAR’) which has been incorporated into UK law by the European Union (Withdrawal) Act 2018. Upon publication via Regulatory Information Service (‘RIS’), this information is now in the public domain
Enquiries:
| Quantum Helium Limited
Carl Dumbrell Chairman
|
NOMAD and Joint Broker
SP Angel Corporate Finance LLP Stuart Gledhill / Richard Hail / Adam Cowl +44 (0) 20 3470 0470 |
| Brand Communications
Alan Green Tel: +44 (0) 7976 431608 |
Joint Broker
CMC Markets UK Plc Douglas Crippen +44 (0) 020 3003 8632 |
Updates on the Company’s activities are regularly posted on its website: www.quantum-helium.com
Notes to editors
Quantum (AIM: QHE) is a helium, hydrogen and hydrocarbon exploration, development, and production company with projects in the US and Australia. Quantum’s strategic objectives remain consistent: to identify opportunities which will provide operating cash flow and have development upside, in conjunction with progressing exploration. The Company has several projects in the US, in addition to royalty interests in Australia.
Quantum Helium #QHE – BIA Approval of Coyote Wash IMDA. Assignment of Sagebrush operatorship progressing towards conclusion
Quantum Helium Limited (AIM: QHE) is pleased to announce that it has received confirmation from the U.S. Bureau of Indian Affairs (“BIA”) that the Indian Mineral Development Agreement (“IMDA”) relating to the Coyote Wash Project has been formally approved.
This approval represents a significant regulatory milestone for the Company and follows the previously announced independent resource confirmation by Sproule ERCE at Coyote Wash.
The Company is still awaiting formal approval of the Sagebrush assignment of operatorship with the BIA having confirmed that all documentation required for the assignment of the relevant leases and designation of operatorship has been received and is in good standing.
The Company understands that formal approval of the Sagebrush assignment and operatorship is progressing towards conclusion and remains confident that this will be completed in the short term.
With IMDA approval now secured at Coyote Wash and constructive engagement ongoing across regulatory and Tribal stakeholders, Quantum believes it is entering an important operational phase across its Colorado portfolio.
Coyote Wash – IMDA Approval
The IMDA provides the contractual and regulatory framework under which Quantum may develop helium and hydrocarbon resources on Tribal lands within the Coyote Wash project area, where the Company holds a 100% working interest and is operator.
With IMDA approval now secured, Quantum is positioned to:
- Advance well planning and final permitting activities;
- Progress drilling preparations across the five mapped Leadville helium prospects;
- Refine development planning for both helium and Ismay oil targets; and
- Move towards drilling and development operations at Coyote Wash.
As announced on 19 December 2025, Sproule ERCE independently confirmed 2U gross prospective helium resources of 0.97 BCF at Coyote Wash. Combined with the 0.134 BCF 2U gross helium prospective resource at Sagebrush, Quantum holds 1.104 BCF gross (828 MMscf Net) 2U helium across its Colorado portfolio.
Sproule ERCE also identified prospective recoverable oil resources at Coyote Wash of up to 750,000 barrels (3U case) within the Ismay Formation
Coyote Wash contains five drill-ready Leadville helium prospects mapped on the recently reprocessed 3D seismic, together with additional Ismay oil targets, positioning the project as a material growth component of Quantum’s Colorado strategy.
Executive Visit to Colorado
The Coyote Wash IMDA approval follows an executive visit to Colorado by CEO Howard McLaughlin, Executive Chairman Carl Dumbrell and Executive Director Andrew Scott.
The visit included:
- Technical sessions with Quantum’s US subsurface and geophysical team;
- Review of 3D seismic processing and interpretation;
- A field visit to the Sagebrush project area;
- Final preparations for the extended flow test at Sagebrush-1;
- Meetings with local partners and advisors; and
- Discussions with representatives from the Tribal Council.
Of particular importance was the executive team’s meeting with leaders of the Ute Mountain Ute Tribe. The Company is very grateful for the time afforded to the team and sincerely appreciates the constructive engagement and ongoing support shown towards Quantum and its projects.
During discussions regarding the Sagebrush Project, the BIA confirmed that all documentation required for the assignment of the relevant leases and designation of operatorship has been received and is in good standing. The Company understands that formal approval of the Sagebrush assignment and operatorship is progressing towards conclusion.
Sagebrush – Extended Flow Test
Quantum’s immediate operational focus remains on securing final approvals required to commence the extended production test at Sagebrush-1.
The Sagebrush Project hosts a Sproule ERCE-verified 2U gross helium resource of 134 MMscf, with the Sagebrush-1 well historically flowing gas containing 2.76% helium during drill stem testing.
The recently completed high-resolution 3D seismic survey confirmed the presence and geometry of the large Leadville helium structure at Sagebrush, materially de-risking the planned extended test.
Commenting, CEO Howard McLaughlin said: “The approval of the Coyote Wash IMDA is a major step forward for Quantum. It provides the regulatory framework required to advance what is already an independently verified 0.97 BCF 2U gross helium prospective resource with additional oil upside.
Coyote Wash adds real scale to our Colorado portfolio. At the same time, our immediate focus remains on Sagebrush, where the extended production test at Sagebrush-1 is fully prepared pending final regulatory approvals. With documentation confirmed as in good standing and the assignment process progressing towards conclusion, we believe the remaining approvals are now in their final stages and look forward to updating the market upon receipt.
With 3D seismic confirming the integrity of the Leadville structure, we are well positioned to move into testing and the next phase of value creation.”
Executive Chairman Carl Dumbrell added: “Our visit to Colorado this week was extremely productive across technical, operational and stakeholder fronts. We reviewed seismic interpretation, field operations and final testing preparations, ensuring alignment across the team.
We are particularly grateful to the leaders of the Ute Mountain Ute Tribe for taking the time to meet with us. We greatly appreciate their constructive engagement and continued support for Quantum Helium and our projects. Building strong, respectful and long-term relationships remains fundamental to how we operate.”
Market Abuse Regulation (MAR) Disclosure
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (‘MAR’) which has been incorporated into UK law by the European Union (Withdrawal) Act 2018. Upon publication via Regulatory Information Service (‘RIS’), this information is now in the public domain
Enquiries:
| Quantum Helium Limited
Carl Dumbrell Chairman
|
NOMAD and Joint Broker
SP Angel Corporate Finance LLP Stuart Gledhill / Richard Hail / Adam Cowl +44 (0) 20 3470 0470 |
| Brand Communications
Alan Green Tel: +44 (0) 7976 431608 |
Joint Broker
CMC Markets UK Plc Douglas Crippen +44 (0) 020 3003 8632 |
Updates on the Company’s activities are regularly posted on its website: www.quantum-helium.com
Notes to editors
Quantum (AIM: QHE) is a helium, hydrogen and hydrocarbon exploration, development, and production company with projects in the US and Australia. Quantum’s strategic objectives remain consistent: to identify opportunities which will provide operating cash flow and have development upside, in conjunction with progressing exploration. The Company has several projects in the US, in addition to royalty interests in Australia.
Quantum Helium #QHE – BIA Approval of Irrevocable Letter of Credit
Quantum Helium Limited (AIM: QHE) is pleased to announce that the Irrevocable Letter of Credit (“ILOC”) required for bonding has now been formally approved by the U.S. Bureau of Indian Affairs (“BIA”).
Approval of the ILOC marks an important regulatory milestone for the Company and reflects the strong and constructive engagement that has taken place with the BIA over recent weeks. This approval clears an important prerequisite for the advancement of operations at the Sagebrush Project.
With the ILOC now approved, the next steps are the assignment of the relevant leases and the formal designation of operatorship, both of which are progressing with the BIA. The Company notes that discussions with the BIA have been positive and productive, and momentum across the process continues to build.
Howard McLaughlin, Chief Executive Officer of Quantum Helium, commented: “We are very pleased to have received BIA approval of the Irrevocable Letter of Credit. This outcome follows a number of highly constructive meetings with the BIA and confirms that the process is now moving forward positively. With this key milestone secured, we are now focused on completing assignment and operatorship and moving efficiently toward the extended production test at Sagebrush.
All long-lead items required for the extended production test have now been secured, allowing the Company to move forward with confidence as soon as final approvals are in place. I would like to thank our shareholders for their patience and continued support, and we look forward to a strong and highly active 2026 as we progress towards testing and development across our Colorado portfolio.”
Enquiries:
| Quantum Helium Limited
Carl Dumbrell Chairman
|
NOMAD and Joint Broker
SP Angel Corporate Finance LLP Stuart Gledhill / Richard Hail / Adam Cowl +44 (0) 20 3470 0470 |
| Brand Communications
Alan Green Tel: +44 (0) 7976 431608 |
Joint Broker
CMC Markets UK Plc Douglas Crippen +44 (0) 020 3003 8632 |
Updates on the Company’s activities are regularly posted on its website: www.quantum-helium.com
Notes to editors
Quantum (AIM: QHE) is a helium, hydrogen and hydrocarbon exploration, development, and production company with projects in the US and Australia. Quantum’s strategic objectives remain consistent: to identify opportunities which will provide operating cash flow and have development upside, in conjunction with progressing exploration. The Company has several projects in the US, in addition to royalty interests in Australia
Mosman Oil & Gas #MSMN – Bonding Approval for Sagebrush and Coyote Wash Projects
Mosman Oil and Gas Limited (AIM: MSMN), advancing helium, hydrogen and hydrocarbon projects in the USA, is pleased to advise that it has received approval from the Ute Mountain Ute Tribal Council (the “Council”) for the Company’s $150,000 bond, a prerequisite step to becoming an operator on Tribal land in Colorado.
Highlights
- Ute Mountain Ute Tribal Council has approved Mosman’s $150,000 bond, managed by the Bureau of Indian Affairs (BIA)
- Bonding will cover all activities across the Sagebrush and Coyote Wash projects
- Once formally accepted by the BIA, Mosman will be authorised as operator, enabling the assignment of the Seeley lease and commencement of the Sagebrush well test.
Next Steps
The BIA will now complete the formal process of accepting and holding the bond. Once this is finalised, Mosman will be authorised as operator, enabling both the assignment of the Seeley lease and preparations for the extended well test at Sagebrush.
Howard McLaughlin, Mosman’s Interim Chief Executive, commented: “Securing Tribal bonding is a pivotal achievement for Mosman, clearing the final hurdle to being recognised as operator on Tribal lands. With the Council’s approval now in place, we are moving quickly to complete the BIA process and unlock the full potential of both Sagebrush and Coyote Wash. This step not only allows us to progress to the Sagebrush well test, but also sets the stage for a period of sustained operational momentum and value creation for our shareholders.”
Enquiries:
| Mosman Oil & Gas Limited
Carl Dumbrell Chairman
|
NOMAD and Joint Broker
SP Angel Corporate Finance LLP Stuart Gledhill / Richard Hail / Adam Cowl +44 (0) 20 3470 0470 |
| Brand Communications
Alan Green Tel: +44 (0) 7976 431608 |
Joint Broker
CMC Markets UK Plc Douglas Crippen +44 (0) 020 3003 8632 |
Updates on the Company’s activities are regularly posted on its website: www.mosmanoilandgas.com
Notes to editors
Mosman (AIM: MSMN) is a helium, hydrogen and hydrocarbon exploration, development, and production company with projects in the US and Australia. Mosman’s strategic objectives remain consistent: to identify opportunities which will provide operating cash flow and have development upside, in conjunction with progressing exploration. The Company has several projects in the US, in addition to royalty interests in Australia.