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Mosman Oil And Gas Ltd remains on track to drill Falcon well this month with no major hurricane damage

“We look forward to updating shareholders on the results of our active work programme in due course," said the group's chairman, John Barr

Mosman Oil and Gas Ltd - Mosman Oil And Gas Ltd remains on track to drill Falcon well this month

Mosman Oil and Gas Ltd (LON:MSMN) has confirmed to investors that no significant damage was reported as a result of Hurricane Laura at the Falcon-1 well on the Champion project or at the Stanley project in Texas.

The company noted that minor site work will be completed for Falcon-1 in the next few days. A drill contract has been signed and the rig is ready to move to the location with drilling remaining scheduled to be completed this month, Mosman said.

READ: Mosman’s countdown to Falcon well accelerates

Elsewhere, the Stanley-1 well workover has begun and the Stanley-4 well is expected to begin soon. In the meantime, oil production continues in the Stanley-2 and Stanley-3 wells.

"We look forward to drilling the fully funded and approved Falcon-1 and Stanley-4 wells where success, particularly at Falcon where we hold a higher working interest, would be another significant step forward in increasing our production base,” John Barr, Mosman chairman said in. a statement.

“At Stanley, in addition to Stanley-4, we continue to work to increase our existing production through the ongoing recompletion of Stanley-1. We look forward to updating shareholders on the results of our active work programme in due course", he added.

Quick facts: Mosman Oil and Gas Ltd

Price: 0.165 GBX

AIM:MSMN
Market: AIM
Market Cap: £4.37 m
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