Mosman Oil and Gas ramps up production at Stanley as it prepares for asset sale
–News Direct–
Mosman Oil and Gas Ltd (AIM:MSMN) CEO Andy Carroll discusses the company's recent production increase at the Stanley project in the US, attributing the success primarily to improvements at Stanley-3 well.
Carroll highlighted that optimising production not only boosts revenue but also prepares the project for a potential sale. He revealed the company's strategy to refocus investment towards helium and hydrocarbon sectors, explaining that selling the well-positioned Stanley assets would generate substantial cash, particularly benefiting Australian operations.
Carroll also mentioned the completion of EP 145 Farm-in in Australia following final government approvals, with Greenvale set to fund upcoming seismic and drilling activities. He concluded by noting the ...