RE: RNS27 Mar 2018 11:12
John W Barr, Chairman, said: "Having achieved our objective in respect to increasing our interest in the attractive Arkoma stacked pay producing asset to 27%, and now funded the agreed operational upgrades, it has been decided to extend the second option exercise date to 31 July 2018. This latter option exercise date will allow Mosman to make an informed decision based on a better understanding of the Project's oil production rates following the installation and operation of ESPs, while also being able to take into account market conditions and the prevailing oil price at the time.