Mosman completes Texas gas network
London-listed Mosman Oil and Gas has completed a natural gas network that allows it to sell gas from the Winters-2 and Stanley-4 wells in Texas, the company reported on February 23.
The network connects several leases including one operated by Arcadia Operating. It will be owned jointly by Mosman and Arcadia, which shared its cost. Testing will take place over the next few days and well production flow rates will be announced once available, Mosman said.
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"With the gas network in place, it enables gas production from Winters-2 and Stanley-4, and other wells in the area. I am pleased to see increasing production volumes and cashflow, especially while gas price is strong," Mosman chairman John Barr said in a statement.