Mosman Oil and Gas Ltd (AIM:MSMN), the oil exploration, development, and production company, has provided an update on the Cinnabar-1 well in Tyler County, Texas.
The company noted that the Cinnabar well was drilled in October 2022 and is now in the process of being completed and placed on production.
Mosman confirmed that the service rig is now on site and has started work on completing the well and said initial production flow rates are anticipated to be announced in 7-10 days.
Mosman has several projects in the US, in addition to exploration projects in the Amadeus Basin of Central Australia.