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Blackstone Strategic Alliance

Mosman has signed a strategic alliance with Blackstone Oil & Gas, Inc. (“Blackstone”) to identify oil and gas opportunities in California, USA initially. California has a significant history of oil and gas reserves and production which continues to this day.

The Strategic Alliance will review potential acquisitions that would deliver resources and offer short term production potential, which have also been evaluated with regard to medium term upside production potential. Mosman embarked on the Strategic Alliance as it delivers opportunities that have been identified and vetted by a team of experienced partners with local operational, financial and asset expertise.  This team is in addition to Mosman's consultants.

Blackstone Oil, established in 2007, was originally formed to invest in California oil and gas opportunities, and has since expanded to become a workout and turnaround specialist for distressed oil and gas companies.  Blackstone consults on, and participates in, restructuring, financing, and asset acquisition. Blackstone's experience working with companies both before and throughout the complex bankruptcy reorganization process, coupled with management's experience in oil and gas and natural resource infrastructure, operations, turnarounds, makes Blackstone uniquely positioned to capitalise on local opportunities to acquire distressed oil and gas assets with significant upside potential that Mosman can elect to participate in.

Blackstone is now expanding its portfolio outside California by seeking investment in, or acquiring, other oil and gas and energy ventures into oil rich states throughout the United States, including Texas.  In support of this strategy, Blackstone has established working relationships with top level petroleum engineers, geologists, counsel and advisers, who have worked in oil and gas production in California and/or Texas for the past 50 years, and have more than 200 years of collective experience, that Blackstone can mobilize to review potential projects.