logo-loader
viewMosman Oil And Gas Ltd

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."

Quick facts: Mosman Oil And Gas Ltd

Price: 0.142 GBX

AIM:MSMN
Market: AIM
Market Cap: £1.6 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Mosman Oil And Gas Ltd named herein, including the promotion by the Company of Mosman Oil And Gas Ltd in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Mosman Oil and Gas Ltd's John Barr updates on farm-out and Welch sale

Mosman Oil And Gas Ltd's (LON:MSMN) John Barr speaks to Proactive London's Andrew Scott after announcing a deal to sell its stake in the Welch oil field in Texas, for US$300,000. He also details the recent farm-out deal which has been agreed for exploration permit (EP) 155 in the Amadeus basin,...

1 week, 6 days ago

2 min read