Mosman Oil and Gas (MSMN) () has reported oil production and sales from the Sagebrush Project in Colorado, where it holds an 82.5% working interest.
For January-June 2025, Sagebrush produced 6,268.50 barrels on a gross 100% basis. Gross revenue totalled US$357,307.11, with revenue after tax of US$230,160.28.
Quarterly detail shows Q1 production of 3,048.57 barrels at an average sales price of US$62.30 per barrel, and Q2 production of 3,219.93 barrels at an average sales price of US$51.81.
“Our core focus remains firmly on advancing Mosman’s flagship helium projects at Sagebrush and Coyote Wash, which represent the most significant growth opportunities for the company. At the same time, oil production from Sagebrush provides material revenues that assist in supporting our wider activities,” said Mosman’s Interim Chief Executive Howard McLaughlin.
“We are pleased with production so far in 2025, and since June the production numbers have been meeting our expectations and are in line with prior quarters.”
View from Vox
Near-term cash flow from Sagebrush helps fund Mosman’s helium push. Management also flagged that independent verification by Sproule of the Sagebrush helium discovery is progressing, preparation for a 3D seismic survey at Sagebrush is underway, and news on the Coyote Wash environmental approval is expected - indicating several near-term catalysts.