Mosman Oil and Gas Limited Production reinstated at Duff-2 (9985I)
December 17 2020 - 3:34AM
UK Regulatory
TIDMMSMN
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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END
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