Half Moon Project

The Half Moon Project is located in the northwestern corner of the Delaware Basin adjacent to the NW shelf. It comprises an interest in eight wells that have produced nearly 3 mmboe from the lease acreage. 

Black Mountain Energy announced on 24 August 2023 that its wholly owned subsidiary, Seven Rivers Operating LLC, had executed a binding sale and purchase agreement to sell 100% of its acreage and its title and interest in the MIA 64 FEE 2H well in the Permian basin, for US$6,873,308 or approximately A$10.7m.

The strategic rationale of the Half Moon acreage divesture is that immediate cash resources will
be available to focus on the development of its core asset in Western Australia, Project Valhalla.

Read the announcement here