Mosman Oil and Gas Limited Gas Network Construction Completed in East Texas (5481C)
February 23 2022 - 2:35AM
UK Regulatory
TIDMMSMN
RNS Number : 5481C
Mosman Oil and Gas Limited
23 February 2022
23 February 2022
Mosman Oil and Gas Limited
("Mosman" or the "Company")
Gas Network Construction Completed in East Texas
Mosman Oil and Gas Limited (AIM: MSMN) the oil exploration,
development, and production company, has completed construction of
the gas network in East Texas which will allow for the sale of gas
from the Winters-2 well (23% Working Interest) and Stanley-4 well
(45% Working Interest).
The gas network connects several leases, including one operated
by Arcadia Operating LLC ('Arcadia') and will be owned by Mosman' s
subsidiary, Nadsoilco and Arcadia. Costs have been split between
the parties to provide a strong economic foundation for the
pipeline and operating costs will be in proportion to gas sales
volumes.
The system will be tested over the next few days and well
production flow rates will be announced once available.
John W Barr, Chairman, commented : "Mosman is pleased to
complete the construction of the gas network to further build on
our production profile.
"With the gas network in place, it enables gas production from
Winters-2 and Stanley-4, and other wells in the area. I am pleased
to see increasing production volumes and cashflow, especially while
gas price is strong."
To view photos of the gas network, please visit Mosman's website
- www.mosmanoilandgas.com .
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 Joint 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
Notes to editors
Mosman (AIM:MSMN) is an oil exploration, development, and
production company with projects in the US and Australia.
Mosman's strategic objectives remain consistent: to identify
opportunities which will provide operating cash flow and have
development upside, in conjunction with progressing exploration of
existing exploration permits.
The Company has seven projects in the US: Stanley, Greater
Stanley, Livingston, Winters, Challenger and Champion in East Texas
and Arkoma in Oklahoma in addition to exploration projects in the
Amadeus Basin in Central Australia.
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END
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