Proactive Investors - Run By Investors For Investors

Mosman Oil and Gas extends option deadline for the Arkoma acquisition

"Whilst Mosman was keen to conclude the decision at Arkoma, this is a significant fiscal decision and it must be based on the best and most complete information available,” said John Barr, Mosman executive chairman
oil and gas operations
The new deadline moves to February

Mosman Oil And Gas Limited (LON:MSMN) is taking more time to make a decision on the Arkoma project in Oklahoma.

The company has moved its first option to acquire Arkoma to February 28 from November 15 but the second option deadline is still in March.

READ: Mosman Oil And Gas extends option deal for Arkoma project

In a stock market statement, the company said it needs to carry out more work to inform its decision. It highlighted that testing work is continuing for the multi-zone project, with the Wilcox zone flow tested in four wells though other zones have yet to be assessed fully.

"Whilst Mosman was keen to conclude the decision at Arkoma, this is a significant fiscal decision and it must be based on the best and most complete information available,” said John Barr, Mosman executive chairman.

READ: Mosman Oil and Gas raises £600,000 to support growth plan

“We had hoped the Wilcox oil alone would have been enough to make the option exercise decision, howeve

r we would like more detailed information to enable Moyes to conclude the report on which we will make our decisions and believe this is in the best interest of shareholders."

View full MSMN profile View Profile

Mosman Oil And Gas Timeline

Related Articles

oil and gas operations
January 25 2018
Success in the field and in the boardroom has driven Cabot Energy to rapid growth, and it now has ambitious targets for 2018
oil and gas operations
January 29 2018
Chief executive Matthew Idiens described the initial seismic results as “a watershed moment” for Rose
offshore oil rig
May 08 2018
Life has been tough in the oil sector in recent years, but things started to pick up towards the end of 2017

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

© Proactive Investors 2018

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use