Proactive Investors - Run By Investors For Investors

Mosman Oil and Gas updates on Stanley progress

Operations are advancing at the Stanley project in Polk County, USA
oil and gas operations
Stanley-2 will soon be drilled

Mosman Oil And Gas Ltd (LON:MSMN) told investors that the Stanley-1 well will be opened up in the Spara reservoir.

Stanley-1 was brought into production last year, and, it was recently reported that it had produced 6,071 barrels oil equivalent gross between September 2018 and 31 December 2018.

Watch: Mosman Oil And Gas director shares 2019 outlook

It is expected that the Sparta reservoir will need a straightforward re-completion at a shallower depth.

The company, meanwhile, is preparing to drill the Stanley-2 well and it confirmed site works are complete, though operations remain delayed by the weather. No spud date can currently be predicted, Mosman said, following extended and substantial rainfall last week.

“We look forward to producing the Sparta reservoir that is expected to produce oil,” said John Barr, Mosman chairman.

“We are also pleased that the winter wet weather season ended and that allowed for construction works to be completed at the Stanley-2 drilling location. The Company will keep the market updated as appropriate."

View full MSMN profile View Profile

Mosman Oil And Gas Ltd Timeline

Related Articles

Iofina plant
June 13 2019
Chief executive Dr Tom Becker said 2018 was an "exceptional year" and the momentum has continued into early 2019
Kvanefjeld project in picturesque Greenland
March 26 2019
The company added to its share price yesterday after shaving US$38 million off its civil construction costs.
oil rig
May 16 2019
Zubair Corporation will pay US$5mln in two tranches to develop Ntorya

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use