Mosman Oil & Gas Ltd - Sydney-based oil and gas company with projects in Australia and the US - Gross production in the three months ending March 31 totals 22,409 barrels of oil equivalent, with 11,756boe attributable to Mosman. Production for the two months ending May 31 stands at 15,682boe, with 6,276boe to Mosman. Company notes oil and gas prices have risen significantly over the quarter. Says it will receive the benefit of current prices as it continues to remain unhedged.
In addition, Mosman says planning is underway at the Falcon well in an attempt to restore production. Workovers at the Stanley well are planned in July.
Current stock price: 0.064 pence, down 5.2% in London
12-month change: down 68%
By Heather Rydings; heatherrydings@alliancenews.com
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Mosman Oil Gas (MSMN)