Mosman Oil and Gas Ltd (AIM:MSMN) CEO Andy Carroll talked with Proactive’s Stephen Gunnion about the sale of the company’s Stanley assets in the US. He explained the rationale behind this decision, highlighting the company’s new focus on helium. Carroll stated, “The bottom line is, we can now fully concentrate on the helium portfolio, which is looking very positive, particularly in the USA.”
The sale allows Mosman to redirect capital and management time from oil and gas towards helium, a sector Carroll describes as offering significant opportunities. He noted that a consultant with extensive experience in helium has been hired to accelerate business development, particularly in the US market. Carroll emphasised the partnership with experienced individuals, ensuring that Mosman remains confident about deferred payments from the Stanley sale while focusing on helium.
In addition to helium, Mosman retains oil assets such as the Cinnabar field, but helium remains the priority for now. Carroll also mentioned ongoing technical and legal due diligence related to helium operations.
Source: proactiveinvestors.com