Mosman Oil and Gas Ltd (AIM:MSMN) has announced its expansion into helium and hydrogen through a deal with Australian partner Greenvale Energy. The company is taking control of the EP-145 asset in the Amadeus basin by acquiring the remaining 75% it did not already own, valued at A$250,000. This move follows a farm-out arrangement with Greenvale last year, who decided to refocus on uranium. EP-145 is estimated to contain substantial gas resources, including helium and hydrogen. Mosman's CEO, Andy Carroll, expressed excitement about the increased commercial potential of EP-145, emphasizing the value of co-produced hydrocarbons and helium. The economic benefits of the deal are highlighted, with Mosman acquiring assets valued at A$1.12 million for A$250,000. The project in the Amadeus Basin is strategically positioned to address the gas shortfall in the Northern Territory and major East Coast markets, leveraging existing infrastructure for gas processing and transmission. Mosman's business strategy focuses on expanding its helium exploration projects in Australia and the USA, capitalizing on the growing demand and prices in the market.