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Mosman Oil & Gas Ltd - Sydney-based oil and gas company with projects in Australia and the US - Says net production for financial year ended June 30 37,915 barrels of oil equivalent, a 66% year-on-year increase. Production for June quarter was 8,815 net, up 73% on a year before. "Workovers completed after 30 June 2022 have already increased daily production from the June quarter, with the Stanley-4 well that was producing gas now producing oil (rates yet to stabilise, have been as high as 64 bopd gross)," it says.
Adds that Cinnabar Well, in which it has 75% working interest, has drilling contract signed and well casing secured. Spud date now scheduled to be late August.
Current stock price: 0.06 pence
12-month change: down 60%
By Lucy Heming; lucyheming@alliancenews.com
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