"Mosman Oil and Gas Ltd (AIM:MSMN) has agreed a farm-in deal for its EP 145 project in Australia’s Northern Territory with Greenvale Gold.
Greenvale can earn up to a 75% stake in the project through the payment of A$160,000 cash, paying for A$2 million of seismic as part of a work programme and a well with costs capped at A$5.5 million.
Mosman added it had identified a drilling target at 1,500 metres (m) and estimated the cost of drilling that well to be in the order of A$5 million.
Costs above the A$5.5 million cap will be shared 75% by Greenvale and 25% by Mosman.
Regulatory approvals are expected by 30 January 2024, after which the agreement can be terminated by either party if they have not been received.
Mosman added it considers the farm-in the best outcome as it eliminates the need to raise additional capital".
- Forums
- ASX - By Stock
- CTP
- Ann: Notice of Annual General Meeting/Voting Form
Ann: Notice of Annual General Meeting/Voting Form, page-57
-
- There are more pages in this discussion • 23 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CTP (ASX) to my watchlist
(20min delay)
|
|||||
Last
5.2¢ |
Change
-0.003(5.45%) |
Mkt cap ! $38.48M |
Open | High | Low | Value | Volume |
5.2¢ | 5.2¢ | 5.2¢ | $35.73K | 687.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 550000 | 5.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.2¢ | 99854 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 550000 | 0.050 |
1 | 280000 | 0.049 |
3 | 1230000 | 0.048 |
1 | 100000 | 0.046 |
1 | 60000 | 0.045 |
Price($) | Vol. | No. |
---|---|---|
0.052 | 69854 | 1 |
0.055 | 11000 | 1 |
0.060 | 210909 | 3 |
0.063 | 32737 | 1 |
0.067 | 10000 | 1 |
Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
Featured News
CTP (ASX) Chart |