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Mosman Oil & Gas ups stake in Arkoma project in Oklahoma

Andy Carroll, technical director at Mosman Oil And Gas Ltd (LON:MSMN), tells Proactive they're exercising their right to buy into the Arkoma oil project in Oklahoma.

Through a series of deals and amendments the company ends up with a 27% stake in the project.

In the field, the project partners will now work to generate production and cash flow while longer term plans will be considered for the projects next stage of development.

 
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