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Mosman Oil and Gas starts Stanley-1 well recompletion

The programme aims to unlock higher volumes of oil production without the limitation of gas infrastructure

oil and gas operations
The programme is expected to take three or four days

Mosman Oil And Gas Ltd (LON:MSMN) has told investors that the Stanley-1 well recompletion programme is now underway.

The work is expected to take three to four days, the company said.

The Stanley-1 well was the first to be drilled under Mosman’s alliance with Baja Oil & Gas and it highlighted it had been flowing gas and some oil from the Wilcox formation since initial completion but output had been constrained by limited gas infrastructure.

WATCH: Mosman Oil And Gas director shares 2019 outlook

By recompleting the Stanley well, the plan is to produce oil from the separate Sparta zone, meanwhile, the Wilcox zone will be cemented off to potentially be re-entered at a later time.

"The decision was made to re-complete the well to focus on oil production until the gas infrastructure is improved,” said John Barr, Mosman chief executive.

“It is good to have work commence on site after the winter-rain season and the board of Mosman very much look forward to the detailed results and to updating shareholders as soon as possible."

Quick facts: Mosman Oil And Gas Ltd

Price: 0.145 GBX

Market: AIM
Market Cap: £1.28 m

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