IN BRIEF: Mosman Oil & Gas Completes Welch Project Sale For USD420,000

Mosman Oil & Gas Ltd - Australia and US-focused oil and gas explorer - Confirms the completion of ...

Alliance News 18 January, 2021 | 11:37AM
Email Form Facebook Twitter LinkedIn RSS

Mosman Oil & Gas Ltd - Australia and US-focused oil and gas explorer - Confirms the completion of the sale of the Welch Project in the US state of Texas for USD420,000 in cash last Friday. Notes it signed a contract with Steadfast Energy Partners LLC and Silver Dollar Energy Investments LLC earlier this month for the oil field sale. Says the sale will result in "a surplus over current carrying value of USD84,000" and the money from the sale will be put towards investment in target growth areas.

Current stock price: 0.19 pence, up 11% on Monday

Year-to-date change: up 29%

By Zoe Wickens; zoewickens@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

Email Form Facebook Twitter LinkedIn RSS

Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Mosman Oil and Gas Ltd 0.04 GBX 4.00 -

About Author

Alliance News

Alliance News provides Morningstar with continuously updating coverage of news affecting listed companies.

© Copyright 2024 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Modern Slavery Statement        Cookie Settings        Disclosures