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Mosman confirms start of workover at Duff-2 well
19th Apr 2021 12:21
(Sharecast News) - Exploration, development and production company Mosman Oil and Gas updated the market on the Greater Stanley Project in east Texas on Monday, reporting the start of the workover at Duff-2.
The AIM-traded firm said the operator had confirmed that the proposed workover had now commenced, to re-complete the Duff-2 well in a zone which had produced oil at the adjacent Stanley Project.
"Mosman recently acquired an additional 20% interest to move from a 20% to a 40% working interest," the board said in its statement.
"The cost of the workover is estimated to be about $50,000 - $20,000 net to Mosman."
At 1127 BST, shares in Mosman Oil and Gas were up 2.58% at 0.15p.
The AIM-traded firm said the operator had confirmed that the proposed workover had now commenced, to re-complete the Duff-2 well in a zone which had produced oil at the adjacent Stanley Project.
"Mosman recently acquired an additional 20% interest to move from a 20% to a 40% working interest," the board said in its statement.
"The cost of the workover is estimated to be about $50,000 - $20,000 net to Mosman."
At 1127 BST, shares in Mosman Oil and Gas were up 2.58% at 0.15p.