John W Barr, chairman of Mosman Oil And Gas Ltd (LON:MSMN), discusses with Proactive Investors confirmed reserves at their Welch permian basin and Arkoma Stack Pay projects.
Arkoma's been confirmed to have gross proved and probable (2P) reserves of 336,000 barrels oil equivalent, along with 2.4mln barrels of contingent resources.
Net to Mosman, the 2P reserves amount to 64,000 boe. The company values its net 2P reserves at US$1.23mln.
Meanwhile at Welch proved reserves (1P) amounted to 234,000 barrels gross for the field. It comprises 109,000 barrels classified as being 'Proved Developed Producing' or PDP reserves, while the field is also seen to have 102,000 barrels of proved un-developed reserves.
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