Andy Carroll, technical director of Mosman Oil And Gas Limited (LON:MSMN), discusses with Proactive their latest acquisition in North America which sees them pick up the Welch Permian basin project in West Texas in a US$310,000 deal.
The project, located about 550 kilometres from Dallas, comprises ten existing production wells plus ten shut-in wells and seven injectors.
It presently produces around 34 barrels of oil per day.