Mosman has agreed terms of a 70% farmout of its EPA 155 permit application in the Amadeus Basin with Westmarket O&G (Georgina Energy sub), who will be responsible for Native Title negotiations ahead of contract approval. Westmarket will become operator, Mosman retaining 30%, and can carry Mosman through the cost of a planned well, thereby earning a further 15%.
Mosman has agreed terms of a 70% farmout of its EPA 155 permit application in the Amadeus Basin with Westmarket O&G (Georgina Energy sub), who will be responsible for Native Title negotiations ahead of contract approval. Westmarket will become operator, Mosman retaining 30%, and can carry Mosman through the cost of a planned well, thereby earning a further 15%.