Mosman Oil and Gas starts production at Champion project

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Mosman Oil and Gas Ltd (LON:MSMN) has announced the start of commercial production from the Falcon-1 well at the Champion project, in east Texas.

Production began on Friday, December 11. The company said that production rates will be reported in due course, once stable oil and gas rates are established.

READ: Mosman confident on production growth

“I am very pleased to see the successful drilling, development, and now production of the first well at the Champion project,” said John Barr, Mosman chairman in a statement.

“This producing well is a major milestone for the company and represents a significant increase in production and is also validation of the investment decision in the Champion project.”

Barr added: “In my view Falcon can become the cornerstone of a revitalized Mosman. 2021 certainly looks to be better than 2020 in most respects and I would like to express my gratitude to all involved to achieve this outcome.”

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