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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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