Mosman Oil and Gas Limited confirmed that the pipeline connecting the recently drilled Cinnabar-1 well to the existing production facility in Texas has been completed. Mosman owns a c.75% working interest in the well and the 350-acre lease. Mosman Operating LLC, a 100% owned subsidiary of Mosman, is the Operator of the lease.

The Cinnabar-1 well has been producing since 29 December 2022 with average oil production of 128 barrels of oil per day (bopd). Regular oil sales have now commenced utilising road tankers. In addition to the oil production, the gas was tested and measured at 180 Mcfd (c. 30 boepd).

The gas will be used to gas lift oil from the existing G-1 well and also sold. Mosman has a portfolio of development and exploration projects, with a clear focus on maximising the opportunity for further production growth and increasing cashflow. In addition to its US projects, Mosman has two exploration areas in Australia which are well positioned to take advantage of the increasing demand for Helium and Hydrogen, in addition to Oil and Gas.