Mosman Oil and Gas moves onto bigger opportunities after Falcon success

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  • Mosman Oil and Gas keeps production going but minor delays for workovers, geophys
  • Mosman Oil & Gas tipped as a ‘buy’ ahead of aggressive drill progamme and production-led growth
  • Mosman Oil and Gas talks Falcon-1 production and Amadeus Basin airborne survey
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Quick facts: Mosman Oil and Gas Ltd

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Mosman operates in politically stable countries with a strategy of expansion through Organic growth (exploration of existing permits) and Strategic growth (acquisition of new permits, mergers or takeovers).

Mosman strategic objective remains to identify opportunities which will provide operating cash flow and have development upside, in conjunction with exploration of existing exploration permits.

21 Sep 2021

() said production has continued strongly at its Falcon lease in the USA and workovers should take place at the Duff and Stanley leases now that a rig has been secured.

The combinations of pandemic related staffing issues and higher oil prices have meant a shortage of workover rigs, the company said.

Elsewhere in the US, the site for the Winters 2 well is “ready and waiting” for the scheduled arrival of a rig on 27 September, after the rig operator advised of a delay due to restricted crew availability as a result of Covid issues.

In Australia, geophysical survey data from permit EP-145 has been acquired and processed, following minor delays from travel restrictions.

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31 Aug 2021

() updated on the preparations for the Winters-2 well, in east Texas, where drilling is due to start soon.

The company, in a statement, said that drilling will commence as soon as its contracted rig is available.

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10 Aug 2021

() announced a solid production performance in the first half of 2021.

At 12,143 barrels aggregate production was up 21% on the preceding six-month period.

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29 Apr 2021

Mosman Oil & Gas Plc () is set for a very different second half of 2021 thanks to its production-led growth strategy, that’s according to stockbroker SP Angel.

AIM-quoted Mosman on Wednesday released its first half results statement for 2020 and told investors it had begun the third quarter with “renewed vigour”.

The company said that it is to focus on drilling activity and its position is boosted by its increased interest in the Greater Stanley project. It reported gross production of 34,569 barrels of oil from its operations over the first half, which works out as 9,871 barrels net to Mosman.

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16 Jun 2021

‘s () Andy Carroll speaks to Proactive’s Andrew Scott soon after announcing they’ve received approval from the Australian authorities to conduct its proposed airborne gravity and gradiometry survey over EP 145, in the Amadeus Basin in the Northern Territory.

It is anticipated that the company’s contractor will start the data acquisition programme in the week commencing 5 July 2021.

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Mosman Oil & Gas significantly boosts production and cash flow in east Texas



Mosman Oil and Gas Ltd’s (LON:MSMN) John Barr talks Proactive’s Andrew Scott through news of the acquisition of Nadsoilco which he says will immediately increase Mosman’s production base and cash flow and provide multiple near-term drilling and development activity. Nadsoilco has a 20%…

on 23/6/21

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