Winters

The Winters Lease is held by production with one well currently producing and a development well planned to be drilled.  The lease is located near Stanley with similar geology. 

Mosman has a 29% interest in the Winters Lease.  It is planned that a new well (Winters-2) will be drilled in early October 2021 and Mosman will have a circa 23% working interest in the well (after co-merging with Arcadia).

Winters-2 is a 7,000 foot development well in which the primary target is the Wilcox formation that is producing oil on an adjacent lease.  

At Winters, gross production for the year ended 31 December 2020 was 962 boe with a further 206 boe in the three months ended 31 March 2021.