- Mosman Oil and Gas said it had signed non-binding agreements in respect to a potential joint venture for its Amadeus project in central Australia.

The company said it had executed a memorandum of agreement and a heads of agreement with parties, which it did not identify.

A formal data review and detailed discussion would shortly be underway, it added.

'The timetable for these discussions, which will include a site visit, will be firmed up in due course and following this and a data review in Sydney, we will then be able to determine the outcome,' the company said.

Mosman recently attended and participated in presentations in China on the invitation from the Northern Territory government, with the objective of seeking joint venture funding.

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