Steadfast Energy Partners, LLC and Silver Dollar Energy Investments, LLC completed the acquisition of Welch Project in Texas from Mosman Oil and Gas Limited.

Steadfast Energy Partners, LLC and Silver Dollar Energy Investments, LLC signed a binding contract to acquire Welch Project in Texas from Mosman Oil and Gas Limited (AIM:MSMN) for $0.42 million on January 4, 2021. The consideration will be paid in cash. Post the transaction, Steadfast Energy Partners, LLC and Silver Dollar Energy Investments, LLC will hold 50% stake each in Welch Project. The transaction is expected to close on January 15, 2021. Stuart Gledhill, Richard Hail and Adam Cowl of SP Angel Corporate Finance LLP acted as nominated advisor and joint broker to Mosman Oil and Gas Limited. Steadfast Energy Partners, LLC and Silver Dollar Energy Investments, LLC completed the acquisition of Welch Project in Texas from Mosman Oil and Gas Limited (AIM:MSMN) on January 15, 2021.