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AIM-listed Mosman Oil and Gas has advised that the Arco-Fee G-1 ('G1') well at Cinnabar flowed oil following a successful workover to enable gas lift. Mosman has a 75% working interest in Cinnabar.
Mosman Oil and Gas has announced a significant reserve update in respect of its producing Cinnabar Project in Tyler County, Texas.
AIM-listed Mosman Oil and Gas has announced its production summary for the three months ended 31 December 2022 and recent production at the Cinnabar Project in East Texas.
Mosman Oil and Gas has confirmed that the pipeline connecting the recently drilled Cinnabar-1 well to the existing production facility in Texas has been completed. The Cinnabar-1 well has been producing since 29 December 2022 with average oil production of 128 barrels of oil per day. Regular oil sales have now commenced utilising road tankers.
Mosman Oil and Gas has provided an update in respect to the Cinnabar-1 well in Tyler County, Texas. The Company reports very positive initial flow rates as it continues to move forward to full scale production and sales of both oil and gas at Cinnabar.