Try to follow the busy movements of players in the region, hopefully I’ve got this all correct…
While BNL leases surround Desert Eagle (Red Rocks), Vecta Oil and Gas have the lease next door, after BNL handed over ‘The Bard’ (T28S R54W) in return for full ownership of Sammons in mid 2024
Mosman are 20% owners of Vecta’s leaseholds. They have just signed a deal to give their interest in “Billy Goat” to Desert Eagle in return for 5% royalties from future earnings. Desert Eagle are currently planning drilling the lease.
Its worth looking at Desert Eagle’s posts on LinkedIn, a busy operation, seemingly selling helium direct to market.
Also worth looking at Mosman’s recent announcements (AIM: MSMN)
Map courtesy of @stallardmichael on X
...Massive Rerate of our S&P is definitely coming...
(20min delay)