Mosman Oil & Gas - Spudding of Stanley-3
("Mosman" or the "Company")
Spudding of Stanley-3
Stanley-3 is the next well to be drilled as part of the
The total cost (for all participants) of drilling Stanley-3 is estimated to be c.
Mosman's commitments to fund its portion of the well will be from existing cash resources.
John W Barr, Chairman, said: "Given the significant results of Stanley-1 and 2, the operator has quickly moved to Stanley-3 with the assistance of Mosman consultants and
"Mosman's clear intention is to increase production and thus cashflows as quickly as possible whilst taking into account operational and legislative requirements."
Competent Person's Statement
The information contained in this announcement has been reviewed and approved by
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.
John W Barr, Executive Chairman
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Updates on the Company's activities are regularly posted on its website www.mosmanoilandgas.com
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Quick facts: Mosman Oil And Gas Ltd
Market Cap: £1.3 m
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