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Stanley-3 Initial Production Flow Rates

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RNS Number : 6262L
Mosman Oil and Gas Limited
09 September 2019
 

 

9 September 2019

 

Mosman Oil and Gas Limited

 ("Mosman" or the "Company")

 

Stanley-3 Initial Production Flow Rates

 

Mosman Oil and Gas Limited (AIM: MSMN) the oil exploration, development and production company, advises that the Stanley-3 well in Texas has been completed.

 

Mosman has been advised that a six foot interval within the 4,800 Sand was perforated during well completion operations. During flow testing, the stabilised rate from this interval was 192 BOPD on an 8/64" choke. The recovered fluid is 100% oil.

 

The optimal production rate for this reservoir will be determined by the Operator in due course.

 

Mosman has a 14.85% working interest in this well.

 

John W Barr, Chairman, said: "We are delighted with the progress at Stanley, with Stanley-3 delivering significant commercial success, as we build on our production growth. This further reinforces the whole investment strategy pursued by Mosman, and we look forward to continued success with Stanley-4 being the next well to be evaluated."

 

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]

 

 

 

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

 

 

 

Technical Glossary

BBLs                                                          

barrel / barrels

BOPD

barrels of oil per day

TVD

(True Vertical Depth)

the vertical distance from a point in the well  to a point at the surface.

MD   

(Measured Depth)                                  

the length of the wellbore, as if determined by a measuring stick

MCFGPD

thousand cubic feet of gas per day

 


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.
 
END
 
 
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Quick facts: Mosman Oil And Gas Ltd

Price: 0.238

Market: AIM
Market Cap: £2.11 m
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Mosman Oil and Gas sees highest flow rate yet at Stanley project from third well

Mosman Oil and Gas Limited's (LON:MSMN) Andy Carroll speaks to Proactive London after announcing that the Stanley-3 well in Texas has been completed. He says the well struck a six-foot interval during completion operations with the recovered fluid 100% oil. Carroll adds they'll be looking...

on 12/9/19