Mosman Oil And Gas Ltd remains on track to drill Falcon well this month with no major hurricane dama
Mosman Oil and Gas Ltd (LON:MSMN) has confirmed to investors that no significant damage was reported as a result of Hurricane Laura at the Falcon-1 well on the Champion project or at the Stanley project in Texas.
The company noted that minor site work will be completed for Falcon-1 in the next few days. A drill contract has been signed and the rig is ready to move to the location with drilling remaining scheduled to be completed this month, Mosman said.
Elsewhere, the Stanley-1 well workover has begun and the Stanley-4 well is expected to begin soon. In the meantime, oil production continues in the Stanley-2 and Stanley-3 wells.
“We look forward to drilling the fully funded and approved Falcon-1 and Stanley-4 wells where success, particularly at Falcon where we hold a higher working interest, would be another significant step forward in increasing our production base,” John Barr, Mosman chairman said in. a statement.
“At Stanley, in addition to Stanley-4, we continue to work to increase our existing production through the ongoing recompletion of Stanley-1. We look forward to updating shareholders on the results of our active work programme in due course”, he added.