Mosman has signed a sale and purchase agreement (SPA) with Origin Energy to secure the Rimu, Kauri and Manutahi production facility (to be renamed STEP) and upside field development potential. The deal, once closed, will see Mosman become the operator and hold a 40-70% working interest in the asset. The deal is conditional on securing funding, which needs to be achieved by the end of September 2015, but Mosman now appears to have funding in place to acquire 70% of the STEP project following t
29 Sep 2015
STEP change
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STEP change
Mosman Oil & Gas Ltd. (MSMN:LON) | 0.0 0 0.0% | Mkt Cap: 2.04m
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29 Sep 2015 - Author:
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Mosman has signed a sale and purchase agreement (SPA) with Origin Energy to secure the Rimu, Kauri and Manutahi production facility (to be renamed STEP) and upside field development potential. The deal, once closed, will see Mosman become the operator and hold a 40-70% working interest in the asset. The deal is conditional on securing funding, which needs to be achieved by the end of September 2015, but Mosman now appears to have funding in place to acquire 70% of the STEP project following t