RE: Cheapest oil and gas producer in the London markets31 Oct 2023 09:18
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