- Mosman Oil and Gas (MSMN) has confirmed that it has received a 12 month Suspension of Permit Conditions and Extension of the Term of Petroleum Exploration Permit EP145, in the Amadeus Basin in Australia, from the Department of Mines and Energy of the Northern Territory Government.

The Company said this application was made to enable the team to plan the next phase of exploration and that it continues to review its priorities for next year.

John W Barr, Executive Chairman of Mosman commented:

"Operating in such a challenging market, it is essential to continuously review the operational strategy for 2016. This approval enables us to focus on other core projects, in particular the STEP acquisition early in 2016."

At 11:30am: [LON:MSMN] Mosman Oil And Gas Ltd share price was +0.25p at 2.63p

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