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Mosman Oil & Gas Ltd - New South Wales, Australia-based exploration, development & production company - Says the Falcon-1 well in East Texas, US, returned to gas & oil production on Sunday after the freezing weather conditions eased.
"The widespread production challenges in Texas last week, was partly created by the rolling blackouts and freezing weather conditions. Mosman is pleased that the operator at Falcon and the on-site contractors have reinstated production and kept downtime to a minimum," says Chair John Barr.
Current stock price: 0.16 pence, down 10% on Monday
Year-to-date change: up 8.0%
By Evelina Grecenko; evelinagrecenko@alliancenews.com
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