Mosman Oil and Gas (GB:MSMN) has released an update.
Mosman Oil and Gas Limited has reported an 84% surge in gross production at its Stanley project in the US, reaching about 221 barrels of oil equivalent per day after a successful recompletion of Stanley-3. In addition, the company has secured a financial boost in Australia with the receipt of a A$160,000 payment from Greenvale Energy Pty Ltd for the EP 145 Farmin Agreement, further strengthening its balance sheet. CEO Andy Carroll highlights this production uptick and financial progress as key steps in enhancing the company’s revenue potential and asset sale prospects.
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