2nd Oct 2018 12:05
LONDON (Alliance News) - Mosman Oil & Gas Ltd said on Friday its director had recently met with the operator of the Arkoma Stacked Pay Project, Oklahoma, Inland Operating Co and other owner Blackstone Oil and Gas Inc.
Discussion have continued with Inland and Blackstone on how to optimise the production, however due to alternatives for capital investment Mosman has exercised the second option and so the option will now lapse.
Exercising the second option would have seen Mosman increase its holding in the project.
Shares in Mosman Oil & Gas were down 1.9% at 0.52 pence on Tuesday.
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