Helium and hydrogen exploration, development, and production company Moman Oil and Gas has signed a deal to acquire an 82.5% working interest in the Sagebrush project in Colorado.
Based on studies, Mosman hopes that helium and additional hydrocarbons will be present on the lease. The lease is located adjacent to the company’s Coyote Wash project.
Both leases are on tribal land administered by the Ute Mountain Ute Tribe.
Read more: Mosman secures Ute Mountain Ute approval for Colorado helium lease
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