Mosman Oil and Gas Limited (AIM:MSMN) acquired 10% stake in Working interest Vecta Helium Project from Vecta Oil & Gas, Ltd. for $0.5 million on June 3, 2024. The consideration for the 10% working interest is $0.5 million to be paid in instalments of $0.05 million per month for 10 months. This is expected to be funded from a combination of existing cash and proceeds from the realisation of oil and gas assets (which may include the sale of existing projects). Vecta will own the remaining 90% working interest and operate the project.

Mosman Oil and Gas Limited (AIM:MSMN) completed the acquisition of 10% stake in Working interest Vecta Helium Project from Vecta Oil & Gas, Ltd. on June 3, 2024.