Mosman Oil and Gas acquired a 10% working interest in the Vecta Helium Project in Las Animas County, Colorado, from Vecta Oil and Gas, enhancing its portfolio in helium exploration. Vecta owns a 25% stake in Blue Star Helium’s Serenity prospect, where Blue Star had drilled a well in Aug’22 which flowed tested raw gas at a rate of 380-465mcf/d. Although there is no helium concentration data, the geological characteristics of Serenity are similar to that of the adjoining Model Dome field that has historically tested for 8% helium. Desert Eagle Operations is currently producing from its Red Rocks project which is located next to Serenity. Vecta’s land includes ~48k leased acres and five helium prospects planned for exploration drilling in 2024. Blue Star Helium is also exploring another project in the area -Galactica/Pegasus. The acquisition will cost Mosman US$0.5mm payable in monthly instalments and the company plans to fund its share through existing cash and asset sales.
Mosman Expands into US Helium Market with Vecta Project Stake
Updated: Jun 10
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