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Mosman Oil & Gas (MSMN)

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Tuesday 23 February, 2021

Mosman Oil & Gas

Updated Six Monthly Production

RNS Number : 0361Q
Mosman Oil and Gas Limited
23 February 2021
 

23 February 2021 

Mosman Oil and Gas Limited

("Mosman" or the "Company")

 

 Updated Six Monthly Production

 

 

Mosman Oil and Gas Limited (AIM: MSMN) the oil exploration, development, and production company, announces an updated production summary for the six months ended 31 December 2020, following receipt of additional production data on its Falcon and Arkoma projects in the USA.

 

The original report, announced on 14 January 2021, was based on data available at that time from the operators of each project.  Net Production attributable to Mosman for the six months now stands at 9,871 boe (compared to 8,650 boe as previously announced).

 

Production Details

 

 


6 Months to

31 December

2020

 

UPDATED

6 Months to

31 December

2020

 

ORIGINAL

6 Months to

31 December

2020

 

UPDATED

6 Months to

31 December 2020

 

ORIGINAL


Total Project

Total Project

Net Attributable

Net Attributable


Gross boe

Gross boe

Net boe

Net boe

Falcon*

2,191

-

1,096

-

Stanley

24,982

24,982

3,984

3,984

Greater Stanley

936

926

187

185

Arkoma

615

-

123

-

Welch**

5,845

5,845

4,481

4,481

 

Total boe

 

34,569

 

31,753

 

9,871

 

8,650

 

Net production means net to Mosman's working interest before royalties

* Falcon production started on 11 December.

** Welch has now been sold

 

John W Barr, Chairman of Mosman commented : "The updated production report shows the significant benefit of Falcon-1 production, noting that Mosman only benefitted from production from 11 December 2020. With drilling planned at Stanley, Champion and/or Challenger projects we anticipate further increases to our production in the coming months and have an objective to be involved in at least four new wells in 2021 subject to funding and other matters."

 

Qualified Person's Statement

The information contained in this announcement has been reviewed and approved by Andy Carroll, Technical Director for Mosman, who has over 35 years of relevant experience in the oil industry. Mr. Carroll is a member of the Society of Petroleum Engineers.

 

Market Abuse Regulation (MAR) Disclosure

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.

 

 

Enquiries:

 

Mosman Oil & Gas Limited

John W Barr, Executive Chairman

Andy Carroll, Technical Director

[email protected]

[email protected]

 

NOMAD and Joint Broker

SP Angel Corporate Finance LLP

Stuart Gledhill / Richard Hail / Adam Cowl

+44 (0) 20 3470 0470

 

Alma PR

Justine James

+44 (0) 20 3405 0205

+44 (0) 7525 324431

[email protected]

 

Joint Broker

Monecor (London) Ltd trading as ETX Capital

Thomas Smith

+44 (0) 20 7392 1432

Updates on the Company's activities are regularly posted on its website: www.mosmanoilandgas.com  

 

 

 

Technical Glossary

 BBLs or bbls 

Barrels

BOPD or bopd

barrels of oil per day

BOEPD or boepd

barrels of oil equivalent per day calculated on the approximate 1:6 basis of the calorific value of the hydrocarbons, (not based on the price)

MMCFPD or mmcfd

MMBTU

Million cubic feet per day

 

Million British Thermal Units

 

 

 

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