The junior oil company, in a stock market statement, said its contracted rig is ‘in the area’, and, that the drilling will start for Stanley-2 once present operations are complete for another operator’s project.
"The Stanley-2 well is the next step in the accelerated development of the multiple pay zone Stanley field,” said John Barr, Mosman chairman.
“Stanley-1 continues to produce and generate revenue."
Earlier this month, Mosman revealed that recently performed tests on the producing Stanley-1 well shows potential for higher flow rates once current gas constraints are removed.
The test, carried out by the operator, Nadsoilco LLC, and independent third parties, was limited due to the size of the test separator and was not an absolute open hole test.
The company said over several hours the well was flowed through increasingly larger choke sizes and the flow rate was allowed to stabilise at each stage.
The group pointed out that the final stable flow was 1,271,000 cfd and 50 bbls per day of liquid hydrocarbons, which is equivalent to 274 boepd. By way of comparison, it added, recent flow rates with the existing infrastructure were averaging 450,000 cfd and 10 bbls per day of liquid hydrocarbons, equivalent to 90 boepd.
Mosman holds a 16.5% working interest in the project.