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A&D - Mosman farms out stake in East Texas project to Xstate - May 2019



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Australia-listed Xstate Resources Ltd. is diversifying its US portfolio, striking a deal with London-listed Mosman Oil & Gas Ltd. to farm into a portion of Mosman’s non-operated 60% WI in the Champion project in East Texas. Mosman said there is established oil and gas production and infrastructure in the area, with several prospects identified using 3D seismic, including the Falcon and Galaxie prospects. An area entry for Xstate, the deal adds to its US assets in California’s Sacramento Basin. Xstate will......
 
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