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Arkoma Stacked Pay Project

Arkoma Stacked Pay Project

Mosman’s wholly owned US subsidiary Mosman Texas LLC has acquired a 27% interest in the Arkoma Stacked Pay Project, located in Okfuskee County, Oklahoma.

In addition to the 27%, Mosman has an option to acquire a further 6.33%.

Details of the Arkoma Stacked Pay Project

The vendors have a 3D seismic survey over a larger area led Inland to focus on the 400 acres forming the Project. The seismic enabled the mapping of an uplifted NE-SW horst block with eight stacked reservoirs. The primary reservoir is the Wilcox sandstone at circa 4,000 feet; additional shallower oil and gas conventional pay zones include the Viola, Cromwell, Union Valley, Gilchrist and Booch sands, and two “tight gas” shales including the Woodford Shale.

The Project includes surface leases, five production wells, a water disposal well, production infrastructure, seismic and other data. The vendor operates the field.

There is existing onsite infrastructure which includes roads, pumps, separators, tank batteries, three phase electrical power and a connection to a gas pipeline.