RNS Number : 8062E
Mosman Oil and Gas Limited
10 November 2020
 

10 November 2020

 

Mosman Oil and Gas Limited

 ("Mosman" or the "Company")

 

Operational Update

 

 

Mosman Oil and Gas Limited (AIM: MSMN) the oil exploration, development, and production company, announces an update on its Champion, Greater Stanley and Stanley Projects in Texas.

 

Champion Project: At Falcon-1, where Mosman has a 50% Working Interest ("WI"), the preparation for well testing is complete. Required completion equipment has been bought, including a wellhead and tubing, and the site has been prepared for testing operations, which are expected to commence next week.

 

Following the successful drilling of Falcon-1, planning for the drilling of the next well, Galaxie-1 well has commenced.

 

Greater Stanley Project:  The first workover is expected to commence this week on a well which is located within the Duff lease in which Mosman has a 20% WI.

 

Stanley Project:  One workover was recently undertaken at Stanley-2. The zone was completed and flowed oil, following which the well was shut-in pending installation of artificial lift equipment.

 

The workover at Greater Stanley and the flow tests at Falcon-1 will be managed by Contour Exploration that is a company owned and managed by Mr Howard McLaughlin. The sequential timing of these operations is to enable Howard to be on site, as he was for drilling Falcon-1.

 

John W Barr, Chairman of Mosman commented: "There is considerable on-ground activity on our Texas leases, in addition to production planning and infrastructure upgrades. Careful planning and decision making is required. Having a small and dedicated team occasionally means sequencing operations. Previously this was covered by Mr Andy Carroll who would fly to the location, however, clearly this is not an option in the present COVID situation.

 

 

Competent Person's Statement

The information contained in this announcement has been reviewed and approved by Andy Carroll, Technical Director for Mosman, who has over 35 years of relevant experience in the oil industry.

 

Market Abuse Regulation (MAR) Disclosure

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.

 

Enquiries:

 

Mosman Oil & Gas Limited

John W Barr, Executive Chairman

Andy Carroll, Technical Director

jwbarr@mosmanoilandgas.com

acarroll@mosmanoilandgas.com

 

NOMAD and Joint Broker

SP Angel Corporate Finance LLP

Stuart Gledhill / Richard Hail / Adam Cowl

+44 (0) 20 3470 0470

 

Alma PR

Justine James

+44 (0) 20 3405 0205

+44 (0) 7525 324431

mosman@almapr.co.uk

 

Joint Broker

Monecor (London) Ltd

trading as ETX Capital

Thomas Smith

+44 (0) 20 7392 1432

 

 

 

Updates on the Company's activities are regularly posted on its website: www.mosmanoilandgas.com 

 

 

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