Cinnabar lease 91% wTI17 Nov 2020 15:06
Could also be getting news on theses work overs .
There are four development drilling locations on the Cinnabar Lease identified using nearby wells and 3D seismic methods. These are the same methods used to identify the targets at Stanley and Falcon. There are two wells drilled in the Lease which have produced significant quantities of oil but are now shut-in. The current Operator, NADSOILCO, maintains the Lease as "Held By Production" by periodically opening one of these wells to produce a few barrels of oil. As a result, in recent years there has been no material production, profit or revenue from this Lease. Mosman will review operations and the possible workover of one or both of the wells to increase production.