- Mosman Oil and Gas said it had opted not to increase its stake in the Arkoma prospect in Oklahoma.

Mosman had an option to increase its interest to 33%, up from the current 27%.

'Given the more attractive alternatives for capital investment Mosman has not exercised the second option and this option will now lapse,' the company said.

At 1:26pm: [LON:MSMN] Mosman Oil And Gas Ltd share price was 0p at 0.5p

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