Mosman Oil and Gas Limited Winters-2 First Gas Production (7788D)
March 07 2022 - 2:01AM
UK Regulatory
TIDMMSMN
RNS Number : 7788D
Mosman Oil and Gas Limited
07 March 2022
7 March 2022
Mosman Oil and Gas Limited
("Mosman" or the "Company")
Winters-2 First Gas Production
Mosman Oil and Gas Limited (AIM: MSMN) the oil exploration,
development, and production company, announces initial production
from the Winters-2 well in East Texas.
The initial flow rate is circa 545 thousand cubic feet per day
(mcfpd), which is circa 105 barrels of oil equivalent per day
(boepd). This well and equipment will be monitored, and the initial
rate may be adjusted in due course. Mosman has c23% working
interest ('WI') in Winters-2.
The new production will add significantly to the average daily
gross production which was 164 boepd in the December 2021
quarter.
Onsite focus has now moved to establishing production from
Stanley-4 (Mosman 36.5% WI). Production rates from that well will
be announced shortly.
John W Barr, Chairman, said: "Mosman is pleased to see that
following completion of gas infrastructure, enabling gas production
from the Winters and Stanley leases, this initial flow rate is an
excellent starting point and we look forward to continuing to build
our production base."
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
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END
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