Mosman confirms start of workover at Duff-2 well
Exploration, development and production company Mosman Oil and Gas updated the market on the Greater Stanley Project in east Texas on Monday, reporting the start of the workover at Duff-2.
The AIM-traded firm said the operator had confirmed that the proposed workover had now commenced, to re-complete the Duff-2 well in a zone which had produced oil at the adjacent Stanley Project.
“Mosman recently acquired an additional 20% interest to move from a 20% to a 40% working interest,” the board said in its statement.
“The cost of the workover is estimated to be about $50,000 - $20,000 net to Mosman.”
At 1127 BST, shares in Mosman Oil and Gas were up 2.58% at 0.15p.