08:00 Thu 31 May 2018
Mosman Oil & Gas - Arkoma Project Update
("Mosman" or the "Company")
Arkoma Project Update
Whilst is too early in the commissioning programme to have any oil or gas measurements, stabilised flow rates should be available by the end of June. This will facilitate the decision process on Mosman's option to increase its interest in the project from 27% to 33.3 %, which is expected on or before
Photos of onsite activities will shortly be available on the website.
John W Barr, Chairman, said: "We are pleased with the on-schedule progress at Arkoma and look forward to seeing flow rates in June. This is a key stage of field development and flow data will help to determine full field development, as well as providing production and cash flow from
Competent Person's Statement
The information contained in this announcement has been reviewed and approved by
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:
John W Barr, Executive Chairman
|
NOMAD and Broker +44 (0) 20 3470 0470
|
+44 (0) 20 7193 7463 |
|
Updates on the Company's activities are regularly posted on its website www.mosmanoilandgas.com
Summary of current ownership interests by well
Well |
Inland Interest |
Current Mosman Interest in Inland Participation |
Current Mosman Working Interest |
Current Mosman Net Revenue Interest |
Wise 1-25 |
20% |
27% |
5.40% |
4.32% |
Wise 3-25 |
92.5% |
27% |
24.98% |
19.98% |
Williamson 4-25 |
92.5% |
27% |
24.98% |
19.98% |
|
92.5% |
27% |
24.98% |
19.78% |
This information is provided by RNS, the news service of the
The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of...
FOR OUR FULL DISCLAIMER CLICK HERE