Mosman Oil and Gas Ltd (AIM:MSMN) confirmed higher production for the quarter ended March 31.
Production was up 65% compared to the preceding quarter with production totalling some 11,756 barrels of oil equivalent, versus 7,123 boe in the quarter to December 31, a statement said.
The boost is due to a well re-completion at the Falcon project, and, has yet to count the addition of production from the Winters-2 well (announced earlier in April).
"Mosman is very pleased to report a 65% uplift in net production despite a temporary disruption at Arkoma,” said chairman John Barr.
“The completion of gas infrastructure at Stanley/Winters in East Texas is a significant milestone, which opens up development potential and benefits revenue, especially with current strong gas prices.
“We continue to make steady progress and are increasing production, with significant further development potential in existing leases.
"In Australia, we are well positioned to take advantage of the increasing demand for Helium and Hydrogen, in addition to Oil and Gas, through our two exploration areas and are excited to see the opportunities that these projects will deliver in the medium term."