Mosman Oil and Gas drills first well at high-stakes BIlly Goat project

Proactive - Interviews for investors

Mosman Oil and Gas Ltd (AIM:MSMN) CEO Andy Carroll talked with Proactive about the company’s progress at the Billy Goat project in southeast Colorado, where it has spudded the first well in a five-well helium exploration programme in partnership with Vecta Oil & Gas. This comes after Mosman increased its interest in the Billy Goat lease area from 20% to 90%. Carroll explained that helium prices have surged—now approximately 100 times the price of natural gas—creating a strong incentive for exploration and production. He noted that the Victor site benefits from shallow target depths and nearby infrastructure, making it a cost-effective project. “We’re very pleased to have increased percentage on the first well,” Carroll said, referring to the company's growing footprint in the area. He highlighted that Mosman’s broader helium portfolio also includes the Sagebrush and Coyote Wash projects, where it holds significant interests of 82.5% and 100%, respectively. Carroll confirmed that helium has already been identified at Sagebrush and that re-completion and testing are planned. With existing infrastructure located nearby, the company expects that success at Vecta could quickly translate into revenue. For more videos, visit Proactive's YouTube channel. Don’t forget to like this video, subscribe to the channel, and enable notifications for future content. #MosmanOilAndGas #HeliumExploration #VictorProject #NaturalResources #EnergySector #CommodityPrices #HeliumMarket #OilAndGas #ColoradoEnergy #ProactiveInvestors