Mosman Oil and Gas Limited (AIM:MSMN) the helium, hydrogen and hydrocarbon exploration, development and production company, announces a drilling schedule update on the Vecta Project, Colorado, USA (20% WI).
Mosman previously announced that Vecta Oil and Gas Limited ("Vecta"), as the Operator, had signed a drilling rig contract with Desert Eagle Drilling LLC ("DED"), and several matters needed to be resolved before drilling would start.
Mosman's technical team met with Vecta in Denver on 7 April and discussed the geology and operational considerations of the planned five well drilling programme.
Vecta has now advised it is targeting mid-May to commence drilling the five exploration wells.
Andy Carroll, Chief Executive Officer of Mosman, said: "We look forward to Vecta drilling the five wells commencing in mid-May. Each of the prospects has been identified by Vecta based on years of experience and a thorough review of existing data, and each has its own individual characteristics. Mosman considers the key factors to be the helium concentration and the reservoir pressure that indicates the well production potential.
"One of the prospects is near the Model Dome field that was produced in the 1920s and had helium concentrations of 7-11%, and I am encouraged to see positive results at the Blue Star Helium/Helium One projects in the same area as the Vecta Project."
Mosman management and in-house technical team are attending the 2025 North American Helium & Hydrogen Conference in Denver this week and will take this opportunity to meet with other industry participants, have technical discussions with its partners and technical advisers, and conduct site visits.