Mosman Oil and Gas Limited doubles interest in Texas licence

Mosman Oil and Gas Limited () has acquired an additional 20% interest in the Duff lease in Texas.

The lease covers 36 acres in the Greater Stanley Project, adjacent to the Stanley Project with Mosman’s working interest in Duff rising to 40% through the acquisition

The Duff lease has two currently producing wells and produces about 160-180 bbls /month. Contour Exploration and Production is the operator.

Elsewhere in Texas, Falcon produced 12,405 Mcf (gross) of gas with a thermal value of 13,942 MMBtu (gross) in February 2021 in spite of a 6-day shut-in for freezing weather.

Additionally, 180 Barrels of oil (gross) were produced and sold from the site.

Falcon’s production has also been affected by water ingress and the operator is recommending a re-completion in a higher zone.

John W Barr, the chairman, said: “Mosman is pleased to acquire an additional interest at Greater Stanley which continues the strategy of building on the core assets of proven conventional oil production in East Texas.

“At Falcon, whilst the well has been impacted by weather conditions and the current production is lower than anticipated, we are encouraged by the proposal from the Operator to re-complete at a higher level to resolve production.”