- Mosman Oil and Gas said engineering upgrades to its Arkoma shale play in Oklahoma were expected to be completed by the end of July.

To help fund the upgrades, Mosman said it had exercised an option to increase its interest in the assets to 33.3% from 27% for $231,022, on or before 31 July.

The operator of the project was progressing an agreed work program to install high-volume electrical submersible pumps and infrastructure upgrades to accommodate increased water volumes.

The process of design, purchase, delivery and installation was underway to install the pumps in two wells.

'The current schedule is to install the two ESPs by the end of May and build production rates to full production by the end of July,' Mosman said.

At 1:48pm: [LON:MSMN] Mosman Oil And Gas Ltd share price was -0.08p at 0.85p

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