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Mosman Oil and Gas says Stanley-3 continues to produce

"We continue to be delighted with the progress at Stanley, and the clearly commercial flow rates being delivered underline the significant commercial success.”

Mosman Oil And Gas Ltd -
Mosman looks forward to future wells

Mosman Oil and Gas Limited (LON:MSMN) told investors that the Stanley-3 well continues to produce.

The company, in a statement, said that the well was brought online for production on 10 September and yielded some 2,428 barrels in September which equates to 115.6 barrels of oil per day.

It noted that production rates are “still yet to fully settle” and the company will provide the market with further updates as this is achieved.

READ: Mosman cheers “significant commercial success” at Stanley-3

"We continue to be delighted with the progress at Stanley, and the clearly commercial flow rates being delivered underline the significant commercial success,” said John Barr, Mosman chairman.

“Once Stanley-3 is fully settled, the operator's attention will move to Stanley-4.

"The company continues to meet its objectives, and very much looks forward to the next wells being drilled."

Mosman owns a 14.85% interest in the Stanley 3 well.

Quick facts: Mosman Oil And Gas Ltd

Price: 0.2304 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