Mosman Oil and Gas Limited Winters-2 Increase in Production by 31% (1554I)
April 12 2022 - 08:59AM
UK Regulatory
TIDMMSMN
RNS Number : 1554I
Mosman Oil and Gas Limited
12 April 2022
12 April 2022
Mosman Oil and Gas Limited
("Mosman" or the "Company")
Winters-2 Increase in Production by 31%
Mosman Oil and Gas Limited (AIM: MSMN) the oil exploration,
development, and production company, announces increased production
from the Winters-2 well in East Texas. Mosman has a c.23% working
interest in Winters-2.
The Winters-2 well has been connected to the recently completed
gas infrastructure. Initial production was reported on 14 March
2022 and the choke was subsequently increased from 9/64" to 11/64"
and the gross production flow rate in the period from 6 to 10 April
averaged 902 thousand cubic feet per day (mcfpd) which is circa
1,012 mmbtu or 170 barrels of oil equivalent per day (boepd). In
addition, 10 barrels of oil per day (bopd) were produced bringing
the fiveday average gross production to 180 boepd. This represents
an increase of c. 31% on the gross production rate as reported on
14 March 2022.
John W Barr, Chairman, said: "It is pleasing to this increase
oil and gas production at Winters-2, especially with the Henry Hub
gas price currently at USD 6.80 per mmbtu. Mosman's sales are based
on the Henry Hub price less pipeline costs and taxes."
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 information 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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