Mosman Oil and Gas Limited Cinnabar Well Frac Update (9413K)
31 Agosto 2023 - 9:33AM
UK Regulatory
TIDMMSMN
RNS Number : 9413K
Mosman Oil and Gas Limited
31 August 2023
31 August 2023
Mosman Oil and Gas Limited
("Mosman" or the "Company")
Cinnabar Well Frac Update
Mosman Oil and Gas Limited (AIM: MSMN) the oil and gas
exploration, development, and production company, provides an
update on recent activities at the Cinnabar Project in Texas,
USA.
As advised in the Company's RNS dated 11 August 2023, Mosman has
completed a detailed development plan for the Cinnabar lease which
has three production wells. Production from the wells was included
in the gross quarterly production numbers of 1,775 boe. The plan is
being implemented with gas infrastructure upgraded to enable gas
lift either from produced gas or purchased gas.
Recently, a frac was completed at the G-2 production well. The
frac has successfully connected the First Wilcox reservoir zone to
the production well and enabled the zone to flow. The well has been
swabbed to recover frac fluids and initial flow established. The
well is currently being produced intermittently by allowing
pressure to build up and flowing for a while before shutting in to
allow pressure to build. When a steady flow rate is established, a
further announcement will be made.
The Cinnabar Field is in Tyler County Texas, approximately 30
miles north of Beaumont, Texas. It was discovered in 1988 by
Ballard Exploration's G-1 well which found multiple pay zones in
the Wilcox Formation from depths of approximately 9,000 feet to
10,400 feet. Mosman owns a c.75% working interest in the well and
the 350-acre lease. Mosman Operating LLC, a 100% owned subsidiary
of Mosman, is the Operator of the lease.
John W Barr, Chairman, said: "It is positive that the workover
at the historic G-2 well has led to initial flow being established.
We continue to move forward to optimise production of both oil and
gas at Cinnabar."
Market Abuse Regulation (MAR) Disclosure
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 ('MAR') which has
been incorporated into UK law by the European Union (Withdrawal)
Act 2018. Upon the publication of this announcement via Regulatory
Information Service ('RIS'), this information is now considered to
be in the public domain.
Enquiries:
Mosman Oil & Gas Limited NOMAD and Joint Broker
John W Barr, Executive Chairman SP Angel Corporate Finance LLP
Andy Carroll, Technical Director Stuart Gledhill / Richard Hail / Adam
jwbarr@mosmanoilandgas.com acarroll@mosmanoilandgas.com Cowl
+44 (0) 20 3470 0470
Alma PR Joint Broker
Justine James CMC Markets UK Plc
+44 (0) 20 3405 0205 Douglas Crippen
+44 (0) 7525 324431 +44 (0) 020 3003 8632
mosman@almapr.co.uk
Updates on the Company's activities are regularly posted on its
website:
www.mosmanoilandgas.com
Notes to editors
Mosman (AIM: MSMN) is an oil exploration, development, and
production company with projects in the US and Australia. Mosman's
strategic objectives remain consistent: to identify opportunities
which will provide operating cash flow and have development upside,
in conjunction with progressing exploration of its existing
exploration permit and permit application. The Company has several
projects in the US. In addition to exploration projects in the
Amadeus Basin in Central Australia.
Glossary:
boe Barrels of oil equivalent based on calorific value as
opposed to dollar value
boepd Barrels of oil per day of oil equivalent based on calorific
value as opposed to dollar value
-------------------------------------------------------------
bopd Barrels of oil per day
-------------------------------------------------------------
Gross Project Means the production of BOE at a total project level (100%
Production basis) before royalties (where Mosman
is the Operator) and where Mosman is not the operator
the total gross production for the project
-------------------------------------------------------------
Mcf Thousand cubic feet
-------------------------------------------------------------
Mcfpd Thousand cubic feet per day
-------------------------------------------------------------
MBtu One thousand British Thermal Units
-------------------------------------------------------------
MBtupd One thousand British Thermal Units per day
-------------------------------------------------------------
MMBtu One million British Thermal Units
-------------------------------------------------------------
MMBtupd One million British Thermal Units per day
-------------------------------------------------------------
Net Production Net to Mosman's Working Interest; Net Production attributable
to Mosman means net to Mosman's
Working Interest before royalties
-------------------------------------------------------------
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
MSCUAOBRORUWORR
(END) Dow Jones Newswires
August 31, 2023 03:33 ET (07:33 GMT)
Grafico Azioni Mosman Oil And Gas (LSE:MSMN)
Storico
Da Mar 2024 a Apr 2024
Grafico Azioni Mosman Oil And Gas (LSE:MSMN)
Storico
Da Apr 2023 a Apr 2024
