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RNS Number : 9985I

Mosman Oil and Gas Limited

17 December 2020

17 December 2020

Mosman Oil and Gas Limited

("Mosman" or the "Company")

Production reinstated at Duff-2

Mosman Oil and Gas Limited (AIM: MSMN) the oil exploration, development, and production company, announces the Duff-2 well at the Greater Stanley project is back on production.

The Duff-2 well is now back in production following completion of the workover which was required due to a broken rod, caused by a stuck pump. The pump and a broken rod have now been replaced. Whilst production is only circa 5 bopd, it is sufficient for the Duff lease to be "Held By Production" to allow other development options to be matured.

At Duff-3, a workover to increase production has now been completed. A segment of broken cable was recovered, but the rest of the cable could not be recovered and was pushed down the well to clear the perforated zone. The well will be put back on production once surface electrical upgrades are completed.

John W Barr, Chairman of Mosman commented : "Whilst the recent focus has been getting the Falcon-1 well on production, work continues on the other production areas with production being optimized with low cost workovers. The team has identified additional development opportunities at Greater Stanley which work will commence next year."

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            NOMAD and Joint Broker 
  John 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                         Monecor (London) Ltd 
  +44 (0) 20 3405 0205                  trading as ETX Capital 
  +44 (0) 7525 324431                   Thomas Smith 
  mosman@almapr.co.uk                   +44 (0) 20 7392 1432 
 Updates on the Company's activities are regularly posted on its 
  website: www.mosmanoilandgas.com 
 

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December 17, 2020 04:34 ET (09:34 GMT)