Mosman Oil and Gas Ltd (AIM:MSMN) has told investors that production volumes at the Stanley project, in Texas, have improved following the installation of new surface and downhole equipment.
The phase of production optimisation leaves Stanley producing around 90 barrels of oil per day, Mosman said in a statement, which also noted that its operating costs had reduced.
It added that the planned re-completion of the Stanley-3 well later this month is also anticipated to add volumes.
“It is encouraging to have achieved this improved production,” chief executive Andy Carroll said.