Australia-based Mosman Oil and Gas Ltd. acquired an additional 30.83% WI in
the Challenger project in East Texas, taking its stake to 46.83% WI. Mosman will also
assume operatorship of the project. The deal follows the company’s acquisition of its
initial 16% WI in the 352-acre production lease last year.
The position has two production wells in the Wilcox formation, with
nominal periodic oil production. The project includes 3D seismic data and
associated technical work performed by Mosman’s partner in......
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