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Mosman’s Stanley-4 well flows 155 bopd gross

New storage tanks are presently being installed to accommodate the rates of production.

Mosman Oil and Gas Ltd - Mosman Oil And Gas Stanley-4 well flows 155 bopd gross

Mosman Oil and Gas Ltd (LON:MSMN) told investors that the Stanley-4 well is flowing around 155 barrels of oil per day.

Oil sales from the well are due to start this week, the company noted in a statement.

READ: Mosman spuds Falcon-1 well at Champion

Stanley-4 was drilled down to a target depth of 5,000 feet, and, as announced recently, encountered several zones of interest during drilling and subsequent logging.

The oil is flowing from a completion in the Frio sandstone, at a depth of around 4,700 feet, and it is being stored in temporary tanks while new permanent tanks are installed to handle the flow rate.

Mosman noted that a further update for the Stanley-1 flow rate post-workover, will be released as soon as the information is released to the company by the operator.

The company owns a 16.5% stake in Stanley-4.

Quick facts: Mosman Oil and Gas Ltd

Price: 0.1295 GBX

AIM:MSMN
Market: AIM
Market Cap: £3.23 m
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