Mosman Oil and Gas Limited Falcon Well Update (0317R)
March 03 2021 - 5:48AM
UK Regulatory
TIDMMSMN
RNS Number : 0317R
Mosman Oil and Gas Limited
03 March 2021
3 March 2021
Mosman Oil and Gas Limited
("Mosman" or the "Company")
Falcon Well Update
Mosman Oil and Gas Limited (AIM: MSMN) the oil exploration,
development and production company announces that the Operator of
the Falcon-1 well in East Texas, USA, has reported a recent
increase in water production alongside a fall in pressure at
Falcon-1. To manage this, the well head choke size has now been
reduced.
These developments have resulted in significantly lower reported
oil and gas production rates at Falcon-1. The Operator is assessing
the situation and has indicated that it intends to run downhole
logs to gather more information in order to recommend an
appropriate course of action.
Mosman has a 50% working interest in the well and will provide
further updates as appropriate.
Qualified 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. Mr.
Carroll is a member of the Society of Petroleum Engineers.
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 NOMAD and Broker
W Barr, Executive Chairman SP Angel Corporate Finance LLP
Andy Carroll, Technical Director Stuart Gledhill / Richard Hail /
jwbarr@mosmanoilandgas.com Soltan Tagiev
acarroll@mosmanoilandgas.com +44 (0) 20 3470 0470
Alma PR Joint Broker
Justine James Monecor (London) Ltd trading as ETX
+44 (0) 20 3405 0205 Capital Thomas Smith
+44 (0) 7525 324431 020 7392 1432
mosman@almapr.co.uk
Updates on the Company's activities are regularly posted on its
website:
www.mosmanoilandgas.com
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END
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