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Challenger Project

Mosman has a 46.83% interest (and is operator) of the 352 acre Challenger Project, in East Texas. This project includes a lease which is Held By Production (HBP) with two production wells in the Wilcox formation, with nominal periodic production.  

Proved

Developed

Producing

Proved

Developed

Behind Pipe

Proved

Undeveloped

Total

Proved

Total

Probable

Total

Proved

Plus Probable

2 49 614 665 184 849

This Reserves Report was prepared by a third party independent petroleum engineering firm for Barry Lasker, a Managing Partner at Baja, in June 2017 and conforms to SPE-PRMS petroleum guidelines. The royalties on the lease are circa 25%.

Mosman and Baja will continue the technical and other work required to drill wells on these Projects in 2019.