Mosman Oil and Gas Limited provided an update on its Stanley project in the US (34.85% to 38.5% WI) where the recent gross production has increased 84% to circa 221 boepd (30 day average flow rate in April). This is a material improvement from the recently notified March quarter gross average flow rate of 120 boepd. This significant increase has been achieved following a recompletion of Stanley-3 which is now flowing oil and gas.

The Company will provide details on production at all assets as part of its June 2024 quarter update. In Australia on EP 145, the AUD 160,000 payment, which was due upon completion of the previously announced Farmin Agreement with Greenvale Energy Pty Ltd. (ASX:GRV), has been received as expected. Additional prior exploration expenditure amounts of circa AUD 100,000 will be invoiced and reimbursed under the terms of the Farmin Agreement.

In addition, an environmental bond of circa $55,000 will be cashed in.