Mosman Oil & Gas chairman ‘surprised’ by size of Murchison resource number

May 05, 2015, 11:06 AM

John Barr, the chairman of Mosman Oil & Gas (LON:MSMN), says the company was ‘a bit surprised’ by the size of the prospective recoverable resources at its Murchison permit in New Zealand. Barr confirms that Murchison is now the priority after having its potential confirmed by the SRK report, which showed P50 prospective resources of tight gas of 13.2Bcf and 159mln barrels of oil. Mosman’s chairman outlines the timeline for the permit and explains that the company has ‘several things on the shopping list’ on top of the well-documented bid for MEO Australia.