Mosman Oil And Gas rise as Texas well programmes advance

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Mosman Oil And Gas rise as Texas well programmes advance

Mosman Oil And Gas Ltd (LON:MSMN) shares advanced as it told investors that site works have commenced for the planned Falcon-1 well, in Texas.

The company described the site work as a relatively simple operation – adding a drill pad to an existing access road – and the drill operation remains on schedule.

READ: Mosman confirms positive first-half performance

At the same time, at the Greater Stanley project, the operator is ready to start a workover of the Duff well as soon as it receives approval from the authorities.

A workover programme is already ongoing for the Stanley-1 well.

“As noted previously Mosman’s focus is on building its production base and with two workovers and two new wells planned and financed the company is entering an important phase of development,” said John Barr, Mosman chairman.

Proactiveinvestors.co.uk

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