“Mosman’s focus is on the fully funded Falcon-1 well, and the two funded current workovers, with our clear objective remaining to build the production base,” said chairman John Barr
() has told investors that the Champion project’s Falcon-1 site preparation is now complete and drilling is due to start shortly.
Contracts are now being finalised and a rig is available with drilling operations expected to take a few weeks.
Elsewhere, at the Greater Stanley project, the operator has now submitted all paperwork to the Texas Railroad Commission and this workover is expected to commence shortly.
It said that it is awaiting details on the progress of the Stanley-1 workover from the operator and expects to update the market in due course.
“Mosman’s focus is on the fully funded Falcon-1 well, and the two funded current workovers, with our clear objective remaining to build the production base,” John Barr, Mosman chairman said in a statement.
The company noted that the party that failed to complete the acquisition of the Welch project has made a claim for the US$90,000 non-refundable deposit, which is considered by Mosman to be invalid.
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…