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Mosman Oil & Gas generating cash from Welch project in Texas

John W Barr, executive chairman of Mosman Oil And Gas Limited (LON:MSMN), tells Proactive they produced 3,558 barrels of oil in the four months to January from its Welch project in Texas.

Cash flow from the project was also positive over the period.

At the Arkoma project in Oklahoma, initial oil and gas production rates from the Union Valley zone the Arkoma Stacked Pay project (12%), indicate that it alone may be sufficient for economic field development at Arkoma.

The operator though proposes to produce the Wilcox together with the Viola, Woodford and Union Valley oil and gas production zones.

 

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