logo-loader
viewMosman 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.

Quick facts: Mosman Oil And Gas Ltd

Price: 0.145 GBX

AIM:MSMN
Market: AIM
Market Cap: £1.28 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

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...

In exchange for publishing services rendered by the Company on behalf of Mosman Oil And Gas Ltd named herein, including the promotion by the Company of Mosman Oil And Gas Ltd in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Mosman Oil's Andy Carroll hails continued production increase as it narrows...

Mosman Oil and Gas's (LON:MSMN) Andy Carroll speaks to Proactive London following the release of their production update for the six months to December 2019. Net production to Mosman in the period was 13,253 boe. The update was one of a number of announcements including news of their...

5 days, 17 hours ago

2 min read