26th Oct 2020 13:37
Mosman Oil & Gas Ltd - Australia and US-focused oil and gas explorer - Ups stake in Cinnabar lease in east Texas to 97%. Executes contracts to acquire an additional 81% working interest of the Cinnabar lease, a part of the Challenger project in which Mosman has a 16% working interest. Buys 32.3% interest from Nadsoilco LLC, 32.3% from Clendon Claire, and 16.1% from Baja Oil & Gas LLC. Remaining 3% interest is held by a third party and Baja is in the process of acquiring that working interest. Mosman will become the operator of the Cinnabar lease. Acquisition will enable Mosman to continue to build the company's production base in Texas.
Current stock price: 0.14 pence, up 1.1%
Year-to-date change: down 39%
By Tapan Panchal; [email protected]
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