18 December 2017
Mosman Oil and Gas Limited
("Mosman" or the "Company")
Chairman's Address and Result of AGM
Mosman Oil and Gas Limited (AIM: MSMN) provides details of the 2017 AGM held in Sydney this morning.
All resolutions put to the AGM were passed, with all Directors abstaining from resolutions 2 through 8, which were related to benefits and remuneration of related parties.
Chairman's Notes
The Chairman highlighted that:
Firstly, Mosman's strategic objective remains to identify opportunities which will provide operating cash flow and have development upside, in conjunction with progressing exploration of existing exploration permits
Secondly, Mosman operates with a small number of employees and consultants. This is designed to minimise unnecessary costs. Given the Company now operates in several countries and in four time zones, it is most important that the Board recognises the efforts of all those people in 2017.
Thirdly, during the year the Company has been successful in reducing corporate costs.
Finally, the objective of becoming a producer has been achieved and Mosman now has interests in three producing projects.
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.
Enquiries:
Mosman Oil & Gas Limited John W Barr, Executive Chairman Andy Carroll, Technical Director [email protected] [email protected] |
NOMAD and Broker SP Angel Corporate Finance LLP Stuart Gledhill / Richard Hail / Soltan Tagiev +44 (0) 20 3470 0470 |
Gable Communications Limited Justine James / John Bick +44 (0) 20 7193 7463 [email protected] |
|
Updates on the Company's activities are regularly posted on its website: www.mosmanoilandgas.com
