- Mosman Oil & Gas said its chairman met with the officers of GEM International Resource in Hong Kong last month to discuss planning for exploration including bulk mining sampling and other matters regarding that company.

"Initial exploration will commence in July 2016 with planning and logistics now underway," Mosman said in a statement.

"Heavier equipment required for bulk sampling is expected onsite in the September quarter."

"In addition to its existing oil and gas projects Mosman continues to seek other opportunities."

Mosman said it remained in a sound financial position.

Story provided by