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.
"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.