Mosman Oil and Gas Limited (AIM: MSMN) the oil exploration, development and production company, announces its production summary for the six months ended on 30 June 2021.
Net Production attributable to Mosman for the six months was 12,143 boe, which was an increase of c 2,123 boe or c21% (on the six months ended 31 December 2020). With this progress, combined with higher sales prices, the acquisition of Nadsoilco (effective 1 July 2021) and an additional interest in Falcon, the future production is now more robust and Mosman is looking forward to a significantly improved production profile going forward.
1. Net attributable production means net to Mosman’s working interest before royalties
2. Gas production is converted into boe at a rate of 1boe = 5.8 MMBtu
3. Falcon production started on 11 December 2020
John W Barr, Chairman, said: “Mosman views this as a solid result, entering the next period more confidently with an increased working interest across our projects.
“Going forward we have taken the next step of delivering on our strategy of production growth, achieved with the acquisition of Nadsoilco and an additional 25% working interest in the Falcon-1 well. Both of these events occurred in July 2021 and are not reflected in the numbers.
“The next step is to increase production with drilling imminent with wells planned at Winters-2 and Stanley-5.”
Mosman Oil & Gas Limited John W Barr
Executive Chairman Andy Carroll, Technical Director
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