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

High Peak chairman Andy Carroll at a CEO Session
November 22 2018
High Peak claims royalties from oil and gas endeavours on Australian and US landholdings.
Hurricane
March 01 2019
Hurricane Energy has gone from a conceptual idea to point of substantial production
Northern Territory
May 07 2019
The exploration and appraisal programme will include the drilling and hydraulic fracture stimulation of two horizontal wells

© 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