Mosman gets extension for Northern Territory project
London-listed Mosman Oil and Gas on February 14 said Australia’s Northern Territory (NT) has approved its application for a suspension and extension to the work programme conditions for Amadeus basin permit EP145.
The suspension and extension approval provides the company with additional time in which to complete the permit year three work programme. This means that the work allocated to be completed in permit year three has now been extended an additional 12 months until August 2023, the company said. Subsequent permit years' work requirements have also been extended by one year.
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Mosman said it continues to actively progress with technical work to advance the helium and hydrogen exploration potential in addition to the previously known hydrocarbons discovered on the West Walker anticline, an extension of the Meerenie Anticline, in EP-145.
“The 12-month permit suspension and extension approval by the NT Government is a sensible response to the covid related delays in Australia,” the company said. “It provides a realistic schedule required for necessary approvals and seismic acquisition, and then to optimise and plan a well location based on the acquired data.”