Resolution of Blackstone Matters

RNS Number : 6705R

Mosman Oil and Gas Limited

01 July 2020

 

1 July 2020

Mosman Oil and Gas Limited

 ("Mosman" or the "Company")

Resolution of Blackstone Oil and Gas, INC. (Blackstone) matters

Mosman Oil and Gas Limited (AIM: MSMN) the oil exploration, development and production company, advises that it has today executed an agreement with Blackstone to resolve all outstanding matters between the two parties.

In accordance with the settlement agreement, Blackstone has paid Mosman an amount of USD 107,500 (AUD C 155,000)

John W Barr, Chairman, said: "Mosman is pleased to resolve this matter. The business plan continues to be increasing production with a focus on operations in East Texas."

Market Abuse Regulation (MAR) Disclosure

Certain information contained in this announcement would have been deemed inside

information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.

Enquiries:

Mosman Oil & Gas Limited John W Barr, Executive Chairman Andy Carroll, Technical Director [e-mail] [e-mail]	NOMAD and Joint Broker SP Angel Corporate Finance LLP Stuart Gledhill / Richard Hail / Soltan Tagiev [phone]
Alma PR Justine James [phone] [phone] [e-mail]	Joint Broker Monecor (London) Ltd trading as ETX Capital Thomas Smith [phone]
Updates on the Company's activities are regularly posted on its website: www.mosmanoilandgas.com

 

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