Home » Posts tagged 'gas' (Page 2)
Tag Archives: gas
#ECHO Echo Energy – Total Voting Rights
Echo Energy, the Latin American focused full cycle energy company announces, in accordance with the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules, the following information as at 31 January 2022:
|
Class of share |
Total number of shares |
Number of voting rights per share |
Total number of voting rights per class of share
|
|
Ordinary shares of 0.25p each (“Ordinary Shares”)
|
1,452,491,345
|
1 |
1,452,491,345
|
No Ordinary Shares are held in treasury.
The above figure for total number of Ordinary Shares may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or change to their interest in, the Company under the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.
#MSMN Mosman Oil and Gas – Winters-2 update
Mosman Oil and Gas Limited (AIM: MSMN) the oil exploration, development, and production company, announces an update to the Winters-2 well, where Mosman owns a c23% Working Interest.
As previously announced, the well was recompleted in the Wilcox sand at a depth of 6,695-6,700 feet.
The well has now been flow tested with an adjustable choke and flowed at rates of 576-624 mcfd (gross) over an 8 hour period on an 8/64 choke
The well will be put on production once installation of gas infrastructure is completed, anticipated to be later this quarter. The initial production rate is expected to be in this 576-624 mscfd (gross) range (110 to 120 boepd), subject to operational considerations.
John W Barr, Chairman, said “I am pleased to be able to report the successful test of Winters-2. As highlighted in the recent production update Mosman continues to build the Company’s production base and we look forward to providing further updates in due course.”
|
Mosman Oil & Gas Limited John W Barr, Executive Chairman Andy Carroll, Technical Director |
NOMAD and Joint Broker SP Angel Corporate Finance LLP Stuart Gledhill / Richard Hail / Adam Cowl +44 (0) 20 3470 0470 |
|
Alma PR Justine James / Joe Pederzolli +44 (0) 20 3405 0205 +44 (0) 7525 324431 |
Joint Broker Monecor (London) Ltd trading as ETX Capital Thomas Smith 020 7392 1432 |
#MSMN Mosman Oil and Gas – Result of Annual General Meeting
Mosman Oil and Gas Limited (AIM: MSMN) the oil exploration, development, and production company, announces that the 2021 AGM was held in Sydney earlier today. The meeting was held in accordance with COVID protocols currently in place in Sydney, and Australia.
Resolution 1, the re-election of Mr. JW Barr as a Director, was placed before shareholders. The following proxies were received:
|
For |
511,967,495 |
78.44% |
|
Against |
138,546,916 |
21.23% |
|
Abstain |
2,134,772 |
0.33% |
The Resolution was passed on a show of hands.
Resolution 2, in respect of a potential share consolidation, was withdrawn as previously announced.
Previously the Company had sought questions from shareholders. A summary of the questions and answers will be published on the Company’s website.
Enquiries:
|
Mosman Oil & Gas Limited John W Barr, Executive Chairman Andy Carroll, Technical Director |
NOMAD and Joint Broker SP Angel Corporate Finance LLP Stuart Gledhill / Richard Hail / Adam Cowl +44 (0) 20 3470 0470 |
|
Alma PR Justine James / Joe Pederzolli +44 (0) 20 3405 0205 +44 (0) 7525 324431 |
Joint Broker Monecor (London) Ltd trading as ETX Capital Thomas Smith 020 7392 1432 |
#MSMN Mosman Oil and Gas – Falcon Update
Mosman Oil and Gas Limited (AIM: MSMN) the oil exploration, development, and production company, announces an update in respect of its Falcon project which forms part of the Champion Project in East Texas. Mosman holds a 75% working interest in the Falcon-1 well, the first well to be drilled at the project.
At Falcon-1, an additional Frio sand zone has been perforated at a depth 7,457-7,460 feet. The well has flowed on test at a rate of 1,000 mcfd, but due to the current choke size of 7/64 it has been producing at an average rate over the last 5 days of 576 mcfd (c 113 boepd gross). To balance short term cashflow and long optimize gas recovery over time, the production strategy is to periodically increase the choke size and monitor wellhead pressures. The first increase in choke size planned for this this week is to increase the choke to 8/64.
The current production rate is an increase of 23% compared to average flow rate of c 92 boepd (gross) in the quarter ended 30 September 2021.
John W Barr, Chairman, said: “Mosman is making steady progress to meet our growth objectives, with another strong step forward with this strong increase in production at Falcon.”
The costs of the recompletion were paid from existing cash reserves. The current cash position is c AUD 1 million.
Production numbers for the six months ending 31 December should be available in the next month, once all information has been received.
Mosman is awaiting results from recent drilling and other workovers. This information will be published when it is available.
Qualified Person’s Statement
The information contained in this announcement has been reviewed and approved by Andy Carroll, Technical Director for Mosman, who has over 35 years of relevant experience in the oil industry. Mr. Carroll is a member of the Society of Petroleum Engineers.
Market Abuse Regulation (MAR) Disclosure
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (‘MAR’) which has been incorporated into UK law by the European Union (Withdrawal) Act 2018. Upon the publication of this announcement via Regulatory Information Service (‘RIS’), this information is now considered to be in the public domain.
Enquiries:
|
Mosman Oil & Gas Limited John W Barr, Executive Chairman Andy Carroll, Technical Director |
NOMAD and Broker SP Angel Corporate Finance LLP Stuart Gledhill / Richard Hail / Adam Cowl +44 (0) 20 3470 0470 |
|
Alma PR Justine James / Joe Pederzolli +44 (0) 20 3405 0205 +44 (0) 7525 324431 |
Joint Broker Monecor (London) Ltd trading as ETX Capital Thomas Smith 020 7392 1432 |
#MSMN Mosman Oil and Gas – AGM Update – Withdrawal of Resolution 2
Mosman Oil and Gas Limited (AIM: MSMN) the oil exploration, development, and production company, announces an update on the planned AGM due to held in Sydney on 28 January 2022.
The Company has received a number of comments from shareholders in respect to the proposed Resolution 2 – Share Consolidation – 1 for 100 Shares. The Board has taken this feedback into consideration and has decided to withdraw Resolution 2 at this time and that matter will now not be placed before shareholders at the AGM.
As required by Australian law, all other aspects of the meeting will proceed.
Enquiries:
|
Mosman Oil & Gas Limited John W Barr, Executive Chairman Andy Carroll, Technical Director |
NOMAD and Broker SP Angel Corporate Finance LLP Stuart Gledhill / Richard Hail / Adam Cowl +44 (0) 20 3470 0470 |
|
Alma PR Justine James / Joe Pederzolli +44 (0) 20 3405 0205 +44 (0) 7525 324431 |
Joint Broker Monecor (London) Ltd trading as ETX Capital Thomas Smith 020 7392 1432 |
#MSMN Mosman Oil and Gas – AGM Shareholder Q&A
Mosman Oil and Gas Limited (AIM: MSMN) the oil exploration, development, and production company, advises that shareholders are able to submit questions to management ahead of the Annual General Meeting (‘AGM’) taking place at 10.00am (AEDT) on 28 January 2022 in Sydney, Australia.
Those shareholders wishing to submit questions to management ahead of the AGM, should email info@mosmanoilandgas.com by 5pm GMT on 20 January 2022, also giving details of their name and shareholder reference number so the shareholding can be confirmed, and the Company will provide an update following the AGM to respond.
As announced on 31 December 2021, Mosman’s priority is the health and wellbeing of its team and shareholders and as a result of the current measures, shareholders not attending the AGM, are strongly encouraged to submit their votes by proxy as soon as possible.
The Explanatory Memorandum and Proxy Forms are available on the Company’s website: www.mosmanoilandgas.com .
Enquiries:
|
Mosman Oil & Gas Limited John W Barr, Executive Chairman Andy Carroll, Technical Director
|
NOMAD and Joint Broker SP Angel Corporate Finance LLP Stuart Gledhill / Richard Hail / Adam Cowl +44 (0) 20 3470 0470
|
|
Alma PR Justine James / Joe Pederzolli +44 (0) 20 3405 0205 +44 (0) 7525 324431 |
Joint Broker Monecor (London) Ltd trading as ETX Capital Thomas Smith +44 (0) 20 7392 1432 |
#MSMN Mosman Oil and Gas – Stanley-5 to be placed on production
Mosman Oil and Gas Limited (AIM: MSMN) the oil exploration, development and production company, announces an update on the Stanley-5 well in Polk County, East Texas in which the Company has a c.36.5% interest.
At Stanley-5, the well has been recompleted in a Yegua zone at a depth of 4,528-4,530 feet. The initial flow rate is equivalent to 60 bpd, limited by a 8/64 choke. The flow is almost all oil with some minor water. The well is not yet optimised, and the choke size may be changed in an endeavour to improve the production flow rate. Further information will be provided once a steady production flow rate is fully established.
The service rig which completed this recompletion will now return to Winters-2 to undertake a further workover and may be used on other wells (for example at Stanley).
John W Barr, Chairman, said: “Mosman has always had faith in this well and in the larger East Texas location due to the seismic work completed to determine the location of wells. In most wells there are multiple potential production zones, and the task is always to complete and then recomplete the well at various zones to maximise oil and gas recovery.
“The initial flow rates at Stanley-5 are an encouraging result and highlight the opportunities we identified when we acquired Nadsoilco in July 2021.”
Qualified Person’s Statement
The information contained in this announcement has been reviewed and approved by Andy Carroll, Technical Director for Mosman, who has over 35 years of relevant experience in the oil industry. Mr. Carroll is a member of the Society of Petroleum Engineers.
Market Abuse Regulation (MAR) Disclosure
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (‘MAR’) which has been incorporated into UK law by the European Union (Withdrawal) Act 2018. Upon the publication of this announcement via Regulatory Information Service (‘RIS’), this information is now considered to be in the public domain.
Enquiries:
|
Mosman Oil & Gas Limited John W Barr, Executive Chairman Andy Carroll, Technical Director |
NOMAD and Broker SP Angel Corporate Finance LLP Stuart Gledhill / Richard Hail / Adam Cowl +44 (0) 20 3470 0470 |
|
Alma PR Justine James / Joe Pederzolli +44 (0) 20 3405 0205 +44 (0) 7525 324431 |
Joint Broker Monecor (London) Ltd trading as ETX Capital Thomas Smith 020 7392 1432 |
#ECHO Echo Energy – Operational Update
Echo Energy, the Latin American focused energy company, is pleased to provide an operational update regarding its Santa Cruz Sur assets, onshore Argentina for Q4 2021 to 30 November 2021.
Daily operations across the asset base in Santa Cruz Sur and the delivery of produced gas to industrial customers under contract have continued uninterrupted during the first two months of Q4 2021. Production over the period from 1 January 2021 to 30 November 2021 reached an aggregate of 523,735 boe net to Echo, including 74,605 bbls of oil and condensate and 2,695 mmscf of gas.
As a result of the completion of capacity increasing infrastructure works, gas production in November 2021 averaged 7.1 MMscf/d net to Echo, an increase over the 6.7 MMscf/d net production rate during the previous month.
Net liquids production in the first two months of Q4 2021 averaged 255 bopd, and is an increase of 31% over Q1 2021 levels prior to the commencement of production optimisation and the bringing of shut in wells back on line. The benefit of both infrastructure maintenance and the previously announced commercial focus on high-quality blends at Santa Cruz Sur has also led to an increased frequency of oil sales during Q4 2021 to date, with total liquids sales net to Echo in quarter four to date of 16,855 bbls (Q3 2021 total of: 15,050 bbls). This increase in liquids production has helped to offset the expected natural decline in gas production over the year.
The Company looks forward to updating shareholders on production levels on a quarterly basis going forward.
For further information, please contact:
|
Echo Energy Martin Hull, Chief Executive Officer
|
via Vigo Communications |
|
Vigo Consulting (IR & PR Advisor) Patrick d’Ancona Chris McMahon
|
+44 (0) 20 7390 0230 |
|
Cenkos Securities (Nominated Adviser) Ben Jeynes Katy Birkin
|
+44 (0) 20 7397 8900 |
|
Shore Capital (Corporate Broker)
|
+44 (0) 20 7408 4090 |
#MSMN Mosman Oil & Gas – Winters-2 and Stanley-5 Update
Mosman Oil and Gas Limited (AIM: MSMN) the oil exploration, development, and production company, announces an update on the Winters-2 and Stanley-5 wells in Polk County, East Texas.
The Winters-2 well was perforated from 6,788 to 6,808 feet. The well was swabbed on the morning of Friday 5 November and started to flow gas, oil and water. On Monday 8 November, the well was again swabbed and well testing on Tuesday 9 November from 11.00 to 16.00 flowed 48 to 96 thousand cubic feet of gas per day (Mcfgpd) of gas, minor amounts of oil and 240-480 barrels per day of water. The well is currently shut-in to measure pressure build up. This Wilcox zone will be flow tested again tomorrow. Note that nearby wells have seen oil production increase in the first days of flowing. If the oil rate does not increase, then the well may be re-completed in another zone. There are several other potential production zones identified on logs with potential pay having been identified in other Wilcox sands .
Stanley-5 is waiting on the delivery of required equipment, expected next week, before being put on production.
Further updates will be provided as appropriate.
Qualified Person’s Statement
The information contained in this announcement has been reviewed and approved by Andy Carroll, Technical Director for Mosman, who has over 35 years of relevant experience in the oil industry. Mr. Carroll is a member of the Society of Petroleum Engineers.
Market Abuse Regulation (MAR) Disclosure
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (‘MAR’) which has been incorporated into UK law by the European Union (Withdrawal) Act 2018. Upon the publication of this announcement via Regulatory Information Service (‘RIS’), this information is now considered to be in the public domain.
Enquiries:
|
Mosman Oil & Gas Limited John W Barr, Executive Chairman Andy Carroll, Technical Director |
NOMAD and Broker SP Angel Corporate Finance LLP Stuart Gledhill / Richard Hail / Adam Cowl +44 (0) 20 3470 0470 |
|
Alma PR Justine James / Joe Pederzolli +44 (0) 20 3405 0205 +44 (0) 7525 324431 |
Joint Broker Monecor (London) Ltd trading as ETX Capital Thomas Smith 020 7392 1432 |
#MSMN Mosman Oil and Gas Limited – EP 145 Update
Mosman Oil and Gas Limited (AIM: MSMN) the oil exploration, development, and production company, announces an update on EP 145 situated in the Amadeus Basin in central Australia.
Exploration activities have been ongoing throughout the current calendar year including the airborne gradiometry acquisition and related geological interpretation work previously referred to. The Covid19 pandemic has disrupted and delayed activities and continues to be an issue that must be dealt with.
The technical work analysed the recently acquired gravity data and integrated it with regional gravity, magnetic and seismic data. This is the first permit wide data acquisition and evaluation and has provided positive clarification of the basement structure and composition. Given the results and the excellent work by Geognostics, Mosman wish to undertake a follow up study and are in discussion with Geognostics regarding this work. The project will aim to further update the geological model and petroleum/helium play.
Some of the results were included in Mosman’s presentation at the NT Resources Seaaoc Conference in Darwin, and this presentation will be shortly made available on Mosman website. In addition, the Central Land Council (CLC) has rescheduled the proposed Sacred Site Clearance visit to the permit. The visit by representatives of the local communities and staff of the CLC will now occur in November and is budgeted to cost C$46,000. This is a statutory requirement and should provide approval for seismic lines in due course.
Qualified Person’s Statement
The information contained in this announcement has been reviewed and approved by Andy Carroll, Technical Director for Mosman, who has over 35 years of relevant experience in the oil industry. Mr. Carroll is a member of the Society of Petroleum Engineers.
Market Abuse Regulation (MAR) Disclosure
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (‘MAR’) which has been incorporated into UK law by the European Union (Withdrawal) Act 2018. Upon the publication of this announcement via Regulatory Information Service (‘RIS’), this inside is now considered to be in the public domain.
Enquiries:
|
Mosman Oil & Gas Limited John W Barr, Executive Chairman Andy Carroll, Technical Director |
NOMAD and Broker SP Angel Corporate Finance LLP Stuart Gledhill / Richard Hail / Adam Cowl +44 (0) 20 3470 0470 |
|
Alma PR Justine James / Joe Pederzolli +44 (0) 20 3405 0205 +44 (0) 7525 324431 |
Joint Broker Monecor (London) Ltd trading as ETX Capital Thomas Smith 020 7392 1432 |