Mosman Oil & Gas - Falcon and Stanley Drilling
Mosman Oil and Gas Limited
("Mosman" or the "Company")
Mosman Oil and Gas Limited (AIM: MSMN) the oil exploration, development, and production company, announces that the Falcon-1 well at the Champion Project in
The Champion Project in located in a proven production area. Several wells in the immediate area produce oil, gas and/or a combination of gas, condensate, and other petroleum liquids. The Falcon-1 drilling location has been chosen adjacent to existing production infrastructure suitable for production of both oil and gas. Geological mapping is based on existing wells and 3D seismic modelling.
The well is being directionally drilled to penetrate two prospective target zones in the
Stanley (Circa 16.5% working interest)
Last week a service rig was used at Stanley-1 for the planned workover. It completed that task and the well again produced oil. The service rig will now move to Stanley-4 to bring that recently drilled well on production.
Flow rates from both Stanley-1 and Stanley will be published when advised by the Operator.
John W Barr, Chairman, said:
"Falcon-1 well is the first well that Mosman has participated in at the Champion Project. Success at Falcon would be a major step forward for Mosman to build production and provide information for further drilling and development of the Champion area.
"In addition, Mosman is seeking opportunities to expand its leasehold footprint in the
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.
Mosman Oil & Gas Limited
John W Barr, Executive Chairman
NOMAD and Joint Broker
SP Angel Corporate Finance LLP
+44 (0) 20 3470 0470
+44 (0) 20 3405 0205
+44 (0) 7525 324431
Updates on the Company's activities are regularly posted on its website: www.mosmanoilandgas.com
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