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Mosman Oil & Gas picks up new assets in Texas

Andy Carroll, technical director of Mosman Oil And Gas Limited (LON:MSMN) discusses with Proactive their latest acquisition in North America which sees them pick up the Welch Permian basin project in West Texas in a US$310,000 deal.

The project, located about 550 kilometres from Dallas, comprises ten existing production wells plus ten shut-in wells and seven injectors.

It presently produces around 34 barrels of oil per day.

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