MOSMAN OIL AND GAS LIMITED Mosman Oil and Gas Limited reported production reports for the three months ended 30 September 2023. Company achieved net production of 3,564 boe (circa 39 boepd) versus net production of 5,937 boe (c. 65 boepd) in the prior June Quarter. The lower production rates are primarily due to lower production at Cinnabar-1, and Stanley-5 not producing pending installation of a jet pump.
A jet pump was installed at Stanley-5 in October 2023 and production optimization continues at Cinnabar. Net Production of 3,564 boe comprised of 2,885 barrels of oil and 3,937 MMBtu of gas. The average sale prices achieved during the period was USD 81.47 per barrel for oil and USD 2.22 per MMBtu for gas (June quarter was USD 73.02 and USD 1.70 respectively, and in each case after transport and processing costs but before royalties).
