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Introduction

Mosman’s strategic objective remains to identify opportunities which will provide operating cash flow and have development upside, in conjunction with exploration of existing exploration permits.

 

USA

Welch Permian Basin

Located in the Permian Basin consisting of 27 existing wells of which ten are currently producing.  A feasibility study to consider horizontal drilling at Welch will be concluded in the third quarter 2018.

Baja Strategic Alliance

Under the umbrella of a Strategic Alliance Mosman and Baja Oil and Gas are participating in several projects onshore east Texas.  These include the Stanley, Challenger and Champion projects.

Arkoma Stacked Pay Project

Mosman's wholly owned subsidiary owns a 27% interest in the Arkoma Stacked Pay Project which has production of oil and gas, sold to local refineries.

Strawn Oil Project

The project consists of 27 wells, of which several are operational and producing oil which is sold direct to a local refinery.

 

Australia

Amadeus Basin

Two granted permits and one application which total 5,458 sq. km. The Amadeus Basin is considered one of the most prospective onshore areas in the Northern Territory of Australia for both conventional and unconventional oil and gas, and hosts the producing Mereenie, Palm Valley and Surprise fields.

 


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