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Mosman cheers “significant commercial success” of Stanley-3 well

Mosman said during completion operations the well had struck a six-foot interval, with the recovered fluid 100% oil

Mosman Oil And Gas Ltd - Mosman floats higher as Stanley-3 well achieves “significant commercial success”
Mosman holds a 14.85% working interest in Stanley-3

Mosman Oil and Gas Limited (LON:MSMN) shares climbed on Monday after the firm said the Stanley-3 well in Texas had been completed.

AIM-listed Mosman, which holds a 14.85% working interest in the well, said the well had struck a six-foot interval during completion operations, with the recovered fluid 100% oil.

READ: Mosman Oil And Gas identifies multiple potential pay zones in Staley-3 well

John W Barr, Mosman’s chairman, said the well had delivered “significant commercial success” for the firm and reinforced its investment strategy.

He added that the group would look for further success at the next well to be evaluated, Stanley 4.

The shares were up 4.7% at 0.3p in early deals.

Quick facts: Mosman Oil And Gas Ltd

Price: 0.23 GBX

AIM:MSMN
Market: AIM
Market Cap: £2.04 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