23rd Feb 2021 14:30
Mosman Oil & Gas Ltd - Australia and US-focused oil & gas explorer - Says net production for the six months to the end of 2020 is 9,871 barrels of oil equivalent per day, up from its previously-announced 8,650 barrels. Update comes following receipt of additional production data on its Falcon and Arkoma projects in the US.
"The updated production report shows the significant benefit of Falcon-1 production, noting that Mosman only benefited from production from December 11, 2020. With drilling planned at Stanley, Champion and/or Challenger projects we anticipate further increases to our production in the coming months and have an objective to be involved in at least four new wells in 2021 subject to funding and other matters," says Chair John Barr.
Current stock price: 0.17 pence
Year-to-date change: up 13%
By Ife Taiwo; [email protected]
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