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Mosman Oil and Gas leveraging strategic alliance for project development

Mosman Oil And Gas (LON:MNMN) technical director Andy Carroll updates Proactive Investors on the energy company’s strategic alliance with Baja Oil and Gas LLC and developments across the two projects that comprise the partnership, Champion and Challenger.

“One of the big positives on Champion is that Baja had 100% of this project so Mosman was able to increase the percentage we’ve acquired from Baja, so we’ve taken 60% on that project,” Carroll says.

He continues, “we really like it … there is existing infrastructure in the area, we can drill those wells in the near future and existing infrastructure means they can come on production very quickly.

“With Challenger, it’s the redevelopment of an existing oil field … there’s enough information to get a reserve estimate on that area and 3D seismic will show the sweet spots where we think development wells best be located.”

Quick facts: Mosman Oil and Gas Ltd

Price: 0.15 GBX

AIM:MSMN
Market: AIM
Market Cap: £3.97 m
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Mosman Oil & Gas announces strategic alliance - drilling to begin in August

Mosman Oil And Gas Limited's (LON:MSMN) technical director Andy Carroll discusses with Proactive their participation in the Stanley Development Drilling Project, located onshore Texas through a new strategic alliance with the privately owned company Baja Oil & Gas. The first joint...

on 18/7/18

2 min read