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Mosman Oil and Gas Limited provided an update on its Cinnabar-1 well in Tyler County, Texas, in which it holds a 75% working interest. The service rig will be nonoperational between December 23 and 27, and some required services were unavailable in the last week and will not be available until December 27. As a result of these circumstances, the well is not yet on production.
| Date | 22 Dec 2022 |
| Time | 08:24:33 |
| Category | Corporate updates |
| ID | 6118K |
22 December 2022
("Mosman" or the "Company")
Cinnabar-1 well update
Mosman Oil and Gas Limited (AIM: MSMN) the oil exploration, development, and production company, provides an update in respect to the Cinnabar-1 well in Tyler County, Texas. Mosman has a 75% working interest in the well and the lease.
Mosman takes this opportunity to state that the service rig will be nonoperational between 23 and 27 December. In addition, in the last week some required services were not available and will not be so until the 27th. As a result of these circumstances the well is not yet on production.
Market Abuse Regulation (MAR) Disclosure
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ('MAR') which has been incorporated into UK law by the European Union (Withdrawal) Act 2018. Upon the publication of this announcement via Regulatory Information Service ('RIS'), this information is now considered to be in the public domain.
Enquiries:
|
Mosman Oil & Gas Limited John W Barr, Executive Chairman Andy Carroll, Technical Director |
NOMAD and Joint Broker SP Angel Corporate Finance LLP Stuart Gledhill / Richard Hail / Adam Cowl +44 (0) 20 3470 0470 |
|
Alma PR Justine James +44 (0) 20 3405 0205 +44 (0) 7525 324431 |
Joint Broker Monecor (London) Ltd trading as OvalX Thomas Smith 020 7392 1432 |
Updates on the Company's activities are regularly posted on its website:
Notes to editors
Mosman (AIM: MSMN) is an oil exploration, development, and production company with projects in the US and Australia. Mosman's strategic objectives remain consistent: to identify opportunities which will provide operating cash flow and have development upside, in conjunction with progressing exploration of existing exploration permits. The Company has several projects in the US. In addition to exploration projects in the Amadeus Basin in Central Australia.