Mosman Oil and Gas Ltd (AIM:MSMN) has reported increased production at its Stanley project in the United States with gross output of 93 barrels of oil per day, up from 43 bopd last quarter.
It follows a series of reconfigurations and optimisations of production equipment and the installation of new gear.
"I am pleased that the continued work on the Stanley project is now achieving stronger production numbers,” chief executive Andy Carroll said in a statement.
"This flow rate is positive for commercialisation of the asset through ongoing cashflow or sale of the asset."
Mosman Oil and Gas said it plans to release a detailed production update covering all its assets as part of its quarterly update for March 2024, due by early May 2024.