Contracts are now being finalised and a rig is available with drilling operations expected to take a few weeks.
Elsewhere, at the Greater Stanley project, the operator has now submitted all paperwork to the Texas Railroad Commission and this workover is expected to commence shortly.
It said that it is awaiting details on the progress of the Stanley-1 workover from the operator and expects to update the market in due course.
“Mosman’s focus is on the fully funded Falcon-1 well, and the two funded current workovers, with our clear objective remaining to build the production base,” John Barr, Mosman chairman said in a statement.
The company noted that the party that failed to complete the acquisition of the Welch project has made a claim for the US$90,000 non-refundable deposit, which is considered by Mosman to be invalid.
Published at Wed, 05 Aug 2020 06:45:00 +0000-Mosman Oil And Gas says drilling moves closer at Champion project