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Mosman Oil & Gas's John Barr details Champion farm-out deal

Mosman Oil And Gas Ltd (LON:MSMN) chairman John Barr talks Proactive London's Andrew Scott through the just-announced farm-out deal for the Champion project, in east Texas, with ASX-listed Xstate Resources Limited (ASX:XST).

It'll see Mosman sell a portion of its 60% stake in Champion in return for project funding commitments.

Champion is among the assets in which Mosman is partnered with Baja Oil & Gas. It is a follow on project from the successful Stanley venture.

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Price: 0.11 GBX

AIM:MSMN
Market: AIM
Market Cap: £1.24 m
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Mosman Oil and Gas Ltd's John Barr updates on farm-out and Welch sale

Mosman Oil And Gas Ltd's (LON:MSMN) John Barr speaks to Proactive London's Andrew Scott after announcing a deal to sell its stake in the Welch oil field in Texas, for US$300,000. He also details the recent farm-out deal which has been agreed for exploration permit (EP) 155 in the Amadeus basin,...

1 week, 3 days ago

2 min read