Champion Project

Mosman has acquired a 75% working interest in the 240 acre Champion Project, which includes the previously identified Falcon and Galaxie prospects.

The Champion Project located in East Texas and has several potential drilling locations identified using the same 3D seismic techniques as the Stanley Project.  

In addition to Falcon, there are several other prospects in the project area that have been mapped by Baja using 3D seismic.  These include Galaxie, Durango, Corona East and Corona West.

In the first quarter 2021 the Falcon well continued to produce oil, gas and also water.  The decision was made to recomplete due to the increasing volume of water production. Subsequently, in June 2021 a recompletion was successfully completed and since that time steady production has been achieved. 

Production at Falcon is mainly gas which is piped to a close by gas pipeline and consequently sold to a local refinery.