On AIM, Mosman shares rose by 6% to trade at 0.14p.
() shares advanced as it told investors that site works have commenced for the planned Falcon-1 well, in Texas.
The company described the site work as a relatively simple operation – adding a drill pad to an existing access road – and the drill operation remains on schedule.
At the same time, at the Greater Stanley project, the operator is ready to start a workover of the Duff well as soon as it receives approval from the authorities.
A workover programme is already ongoing for the Stanley-1 well.
“As noted previously Mosman’s focus is on building its production base and with two workovers and two new wells planned and financed the company is entering an important phase of development,” said John Barr, Mosman chairman.
NO INVESTMENT ADVICE
The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is…
In exchange for publishing services rendered by the Company on behalf of Mosman Oil And Gas Ltd named herein, including the promotion by the Company of Mosman Oil And Gas Ltd in any Content on the Site, the Company…