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Mosman Oil & Gas hits multiple pay zones at Stanley Development well

John W Barr, executive chairman of Mosman Oil And Gas Limited (LON:MSMN), discusses with Proactive Investors the successful completion of the Stanley Development well in Texas, which hit multiple pay zones.

Stanley-1’s primary reservoir was host to gross pay (an oil-bearing section) 19 metres thick with a porosity of around 18%.

Barr says drill log data was better than expected and they see no reason to change pre-drill forecast for an initial flow rate of around 150 barrels a day.

Quick facts: Mosman Oil And Gas Ltd

Price: 0.21 GBX

Market: AIM
Market Cap: £1.86 m

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Mosman Oil and Gas sees highest flow rate yet at Stanley project from third well

Mosman Oil and Gas Limited's (LON:MSMN) Andy Carroll speaks to Proactive London after announcing that the Stanley-3 well in Texas has been completed. He says the well struck a six-foot interval during completion operations with the recovered fluid 100% oil. Carroll adds they'll be looking...

on 12/9/19

2 min read