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Mosman Oil And Gas Ltd

Mosman Oil And Gas eyes potential cost cutting at Champion project

Champion’s operator has identified a potential cost saving from acquiring and re-purposing an existing well

Mosman Oil And Gas Ltd -

Mosman Oil And Gas Ltd (LON:MSMN) hopes to cut costs at the Champion project in Texas, where it owns a 60% working interest.

Champion’s operator, privately operated Baja Oil & Gas, has identified a potential cost saving from acquiring and re-purposing an existing well to drill and test the Falcon target. 

As Baja is running the rule over this possibility the planned drill date in the third quarter may be pushed back.

As a result, Xstate Resources Ltd (ASX:XST) has pulled out of a May's agreed farm-in agreement for Champion with Mosman.

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