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Stanley-2 Drilling Update

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RNS Number : 9865I
Mosman Oil and Gas Limited
30 November 2018
 

 

30 November 2018

 

 

Mosman Oil and Gas Limited

("Mosman" or the "Company")

 

Stanley-2 Drilling Update

 

 

Mosman Oil and Gas Limited (AIM: MSMN) the oil exploration, development and production company, announces an update in respect to the Stanley-2 development well which is targeting oil in the Yegua sands.

 

The rig is already in the area, and will move to drill Stanley-2 as soon as the current well being drilled for another operator is finished. Stanley-2 results are anticipated in December.

 

John W Barr, Chairman, said: 

"The Stanley-2 well is the next step in the accelerated development of the multiple pay zone Stanley field. Stanley-1 continues to produce and generate revenue."

Competent Person's Statement

The information contained in this announcement has been reviewed and approved by Andy Carroll, Technical Director for Mosman, who has over 35 years of relevant experience in the oil industry. Mr. Carroll is a member of the Society of Petroleum Engineers.

 

Market Abuse Regulation (MAR) Disclosure

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.

 

 

 Enquiries:

 

Mosman Oil & Gas Limited

John W Barr, Executive Chairman

Andy Carroll, Technical Director

[email protected]

[email protected]

 

NOMAD and Broker

SP Angel Corporate Finance LLP

Stuart Gledhill / Richard Hail / Soltan Tagiev

+44 (0) 20 3470 0470

 

Gable Communications Limited

Justine James / John Bick

+44 (0) 20 7193 7463

[email protected]

Joint Broker

SVS Securities Plc

Tom Curran / Ben Tadd

+44 (0) 203 700 0078

 

Updates on the Company's activities are regularly posted on its website www.mosmanoilandgas.com

 

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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Market Cap: £2.13 m
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