John W Barr, Mosman's chairman, explains that while happy with the strong rise in net output last year, he is still 'not satisfied' with the progress.
Production was close to 9,000 barrels net in its last quarter and subject to progress at Cinnabar, this will be around the level going forward.
Cinnabar will be a key focus in the coming year, adds Barr and he has high hopes for the project.