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Mosman secures low-cost exposure to helium revenues with Billy Goat royalty deal
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Manage episode 485620941 series 2891889
Content provided by Proactive Investors. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Proactive Investors or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.
Mosman Oil and Gas Ltd (AIM:MSMN) CEO Andy Carroll talked with Proactive's Jonathan Jackson about the company’s evolving involvement in the Vecta helium venture in Colorado. A deal with Desert Eagle Operating LLC sees Mosman sell its stake in the Billy Goat project, in exchange for a 5% royalty over the project’s future revenues, without any further outlay on the project. “Desert Eagle is the leading company in this area with a track record of drilling, developing, producing and selling helium,” Carroll said, underscoring Mosman’s strategic alignment with the private operator. This structure enables Mosman to benefit from helium revenues without incurring the significant capital required for infrastructure and production facilities—estimated at around $10 million. Carroll highlighted that this decision preserves Mosman's working capital while still positioning it to gain from potential development success. The company expects active developments throughout June, with four wells to be drilled, each in different areas, and results anticipated soon after. Visit Proactive's YouTube channel for more interviews. Don’t forget to like, subscribe, and turn on notifications for future updates. #MosmanOilAndGas #HeliumExploration #VectaProject #DesertEagle #EnergyInvestment #NaturalResources #DrillingUpdate #OilAndGasNews #PassiveIncome #ResourceDevelopment
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continue reading
605 episodes
MP3•Episode home
Manage episode 485620941 series 2891889
Content provided by Proactive Investors. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Proactive Investors or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.
Mosman Oil and Gas Ltd (AIM:MSMN) CEO Andy Carroll talked with Proactive's Jonathan Jackson about the company’s evolving involvement in the Vecta helium venture in Colorado. A deal with Desert Eagle Operating LLC sees Mosman sell its stake in the Billy Goat project, in exchange for a 5% royalty over the project’s future revenues, without any further outlay on the project. “Desert Eagle is the leading company in this area with a track record of drilling, developing, producing and selling helium,” Carroll said, underscoring Mosman’s strategic alignment with the private operator. This structure enables Mosman to benefit from helium revenues without incurring the significant capital required for infrastructure and production facilities—estimated at around $10 million. Carroll highlighted that this decision preserves Mosman's working capital while still positioning it to gain from potential development success. The company expects active developments throughout June, with four wells to be drilled, each in different areas, and results anticipated soon after. Visit Proactive's YouTube channel for more interviews. Don’t forget to like, subscribe, and turn on notifications for future updates. #MosmanOilAndGas #HeliumExploration #VectaProject #DesertEagle #EnergyInvestment #NaturalResources #DrillingUpdate #OilAndGasNews #PassiveIncome #ResourceDevelopment
…
continue reading
605 episodes
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