Mosman Oil and Gas Limited Stanley-3 Initial Production Flow Rates (6262L)
September 09 2019 - 1:06AM
UK Regulatory
TIDMMSMN
RNS Number : 6262L
Mosman Oil and Gas Limited
09 September 2019
9 September 2019
Mosman Oil and Gas Limited
("Mosman" or the "Company")
Stanley-3 Initial Production Flow Rates
Mosman Oil and Gas Limited (AIM: MSMN) the oil exploration,
development and production company, advises that the Stanley-3 well
in Texas has been completed.
Mosman has been advised that a six foot interval within the
4,800 Sand was perforated during well completion operations. During
flow testing, the stabilised rate from this interval was 192 BOPD
on an 8/64" choke. The recovered fluid is 100% oil.
The optimal production rate for this reservoir will be
determined by the Operator in due course.
Mosman has a 14.85% working interest in this well.
John W Barr, Chairman, said: "We are delighted with the progress
at Stanley, with Stanley-3 delivering significant commercial
success, as we build on our production growth. This further
reinforces the whole investment strategy pursued by Mosman, and we
look forward to continued success with Stanley-4 being the next
well to be evaluated."
Competent Person's Statement
The information contained in this announcement has been reviewed
and approved by Andy Carroll, Technical Director for Mosman, who
has over 35 years of relevant experience in the oil industry. Mr.
Carroll is a member of the Society of Petroleum Engineers.
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have
been deemed inside
information for the purposes of Article 7 of Regulation (EU) No
596/2014 until the release of this announcement.
Enquiries:
Mosman Oil & Gas Limited NOMAD and Broker
John W Barr, Executive Chairman SP Angel Corporate Finance LLP
Andy Carroll, Technical Director Stuart Gledhill / Richard Hail
jwbarr@mosmanoilandgas.com / Soltan Tagiev
acarroll@mosmanoilandgas.com +44 (0) 20 3470 0470
Gable Communications Limited
Justine James / John Bick
+44 (0) 20 7193 7463
mosman@gablecommunications.com
Updates on the Company's activities are regularly posted on its
website www.mosmanoilandgas.com
Technical Glossary
BBLs barrel / barrels
BOPD barrels of oil per day
===============================
TVD the vertical distance from a
(True Vertical Depth) point in the well to a point
at the surface.
===============================
MD the length of the wellbore, as
(Measured Depth) if determined by a measuring
stick
===============================
MCFGPD thousand cubic feet of gas per
day
===============================
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
MSCGLGDCDGGBGCC
(END) Dow Jones Newswires
September 09, 2019 02:06 ET (06:06 GMT)
Mosman Oil And Gas (LSE:MSMN)
Historical Stock Chart
From Apr 2024 to May 2024
Mosman Oil And Gas (LSE:MSMN)
Historical Stock Chart
From May 2023 to May 2024