Mosman Oil and Gas Limited Spud of Winters-2 well (1984K)
August 31 2021 - 3:08AM
UK Regulatory
TIDMMSMN
RNS Number : 1984K
Mosman Oil and Gas Limited
31 August 2021
31 August 2021
Mosman Oil and Gas Limited
("Mosman" or the "Company")
Spud of Winters-2 well
Mosman Oil and Gas Limited (AIM: MSMN) the oil exploration,
development, and production company, advises that the drilling of
the Winters-2 well in East Texas is expected to commence as soon as
the contracted drilling rig is available.
Mosman (via its 100% owned subsidiary Nadsoilco LLC "Nadsoilco")
has assumed Operatorship and it is ready to spud the Winters-2 well
as a development well targeting the Wilcox formation. Nadsoilco
will have a 28.62% working interest in this well.
Mosman acquired an interest in the Winters lease as part of its
purchase of Nadsoilco. The Winters lease is held by production with
circa 969 bbls of oil sold in the last 12 months from the Winters-1
well.
The rig contractor has advised of the current challenges to
secure rig crew due to the ongoing effects of the COVID-19 pandemic
in the USA. As soon as a firm drill date has been confirmed,
further announcements will be made in regard to the commencement of
drilling.
Mosman continues to work on its other East Texas projects,
including Greater Stanley, Falcon, Galaxie and Cinnabar, as well as
workovers at Stanley. Important technical work is also progressing
at the Amadeus Basin exploration assets in Australia.
Market Abuse Regulation (MAR) Disclosure
The information contained within this announcement is deemed by
the Company to constitute
inside information as stipulated under the Market Abuse
Regulations (EU) No. 596/2014 ('MAR') which has been incorporated
into UK law by the European Union (Withdrawal) Act 2018. Upon the
publication of this announcement via Regulatory Information Service
('RIS'), this inside is now considered to be in the public
domain.
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 Adam Cowl
acarroll@mosmanoilandgas.com +44 (0) 20 3470 0470
Alma PR Joint Broker
Justine James / Joe Pederzolli 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
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
MSCWPUAURUPGUMG
(END) Dow Jones Newswires
August 31, 2021 03:08 ET (07:08 GMT)
Mosman Oil And Gas (LSE:MSMN)
Historical Stock Chart
From Aug 2024 to Sep 2024
Mosman Oil And Gas (LSE:MSMN)
Historical Stock Chart
From Sep 2023 to Sep 2024