Mosman Oil & Gas - Sale of Strawn Production Facilities and Leases
("Mosman" or the "Company")
Sale of Strawn Production Facilities and Leases
Strawn was 50% owned by Mosman and Mosman will cease to be the operator.
Under the terms of the sale the consideration of
In the Company's unaudited interim accounts to
John W Barr, Chairman, said: "Strawn was a small but important step towards the team implementing Mosman's business plan, as it established Mosman as an Operator in USA and gave valuable experience in operating mature oil fields. This led to the acquisition and Operatorship of Welch, which has more development potential.
"Now that we have even more production and development opportunities, Strawn is no longer deemed a material asset and we see more value in focussing our attention on our other projects."
Competent Person's Statement
The information contained in this announcement has been reviewed and approved by
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have been deemed inside
information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.
John W Barr, Executive Chairman
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Updates on the Company's activities are regularly posted on its website www.mosmanoilandgas.com
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Quick facts: Mosman Oil And Gas Ltd
Market Cap: £1.11 m
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