Mosman Oil and Gas (GB:MSMN) has released an update.
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Mosman Oil and Gas Limited reported a significant increase in production for the June 2024 quarter, achieving a net yield of 6,287 barrels of oil equivalent (boe), compared to 3,764 boe in the previous quarter, attributed mainly to successful workovers at the Stanley project. Despite this quarterly boost, the company’s annual production declined due to natural decreases and production issues, totaling 16,340 boe compared to 31,067 boe in the previous year. Mosman also announced its ongoing negotiations for the sale of Stanley area assets and progress in its Australian exploration ventures.
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