June 24 (Reuters) - Mosman Oil and Gas Ltd MSMN.L :
* MOSMAN OIL AND GAS LTD - PRODUCTION CONTINUES WITH A CURRENT EMPHASIS ON MARGINS AND CASHFLOW, RATHER THAN MAXIMISING VOLUMES AT THIS POINT IN TIME.
* MOSMAN OIL AND GAS LTD - HAS CONTRACTED TO SELL ITS WELCH PROJECT IN TEXAS FOR USD 300,000 AND HAS RECEIVED A USD 60,000 NON-REFUNDABLE DEPOSIT