7 November 2022

Mosman Oil and Gas Limited

 ("Mosman" or the "Company")

Notice of Annual General Meeting

Mosman Oil and Gas Limited (AIM: MSMN) the oil exploration, development, and production company, confirms that the Notice of Annual General Meeting has been sent to shareholders today. 

The Annual General Meeting will be held at 10.00am (AEDT) on 29 November 2022 at 24-26 Kent Street, Millers Point NSW 2000 Australia.

The Notice of Meeting includes Resolution 2, the election of Nigel Harvey as a nominated director of the Company. Nigel is an experienced company director, currently on the board of Emperor Energy (ASX:EMP).  He also holds a wholesale Australian Financial Services Licence ("AFSL").  Nigel has a consulting practice focused on AFSL compliance.  He began his career as a business and finance journalist in London and the Middle East.  He was subsequently an investment banker in Sydney for several decades predominantly covering the Asia Pacific region for energy derivatives and hedging.  He held roles with large banks including JP Morgan, Barclays and Macquarie.

Upon shareholder approval Mr. Harvey is expected to be an independent non-executive director of the Company.

The Notice also includes Resolutions 3 to 7 which relate to the Issue of Options to John W Barr - Chairman, Andy Carroll - Technical Director, John Young - Non Executive Director, Nigel Harvey (on the basis of the approval of Resolution 2) and Key Staff and consultants under the Employee Share Option Plan.

A summary of the proposed option issues are set out below.

Headline Option terms

Entitlement

Each Option entitles the holder to be issued and allotted one fully paid ordinary share in the Company upon exercise of that Option and payment to the Company of the exercise price. The fully paid ordinary share will rank equally with, and have the same rights and entitlements as, other ordinary shares in the Company on issue at the date of allotment of the Option.

Exercise price

AUD $0.0027 per Option

Exercise period

Each Option will expire five (5) Years from the date of issue

Expiration date

Five (5) Years from the date of issue

The Explanatory Memorandum and Proxy Forms are available on the Company's website: www.mosmanoilandgas.com.

AIM Disclosures

Mr Nigel Howard Harvey, aged 66, currently holds or has held the following directorships and partnerships in the last five years:

Mr Harvey currently holds no ordinary shares or options in the Company.

Other than as provided in this announcement, no other disclosures in relation to Mr Harvey are required under Rule 17 or Schedule 2 (g) of the AIM Rules for Companies.

Enquiries:

Notes to editors

Mosman (AIM: MSMN) is an oil exploration, development, and production company with projects in the US and Australia. Mosman's strategic objectives remain consistent: to identify opportunities which will provide operating cash flow and have development upside, in conjunction with progressing exploration of existing exploration permits.  The Company has several projects in the US. In addition to exploration projects in the Amadeus Basin in Central Australia.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.