Mosman Oil & Gas - Stanley-3 Drilling Update
("Mosman" or the "Company")
Stanley-3 Drilling Update
Drilling was completed successfully, on time and on budget. Several zones of interest were identified while drilling, in line with expectations. The next operations will be to log the well and evaluate the target zones. Once a zone is selected for production, the well will be completed, and flow tested to temporary tanks. It is anticipated that these will be replaced with permanent production facilities in due course. Flow rates will be advised when data is available.
Mosman holds a 14.85% working interest in Stanley-3, which is part of the
John W Barr, Chairman, said: "Following the success of Stanley-1 and 2, this drilling campaign has delivered on plan, with logging now underway in order to evaluate the target zones.
"We are pleased to deliver this next step, further demonstrating the teams ability to deliver on its business plan. Attention will shortly turn to considering Stanley-4, as well as the ongoing preparation for the drilling of Falcon-1."
Competent Person's Statement
The information contained in this announcement has been reviewed and approved by
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information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.
John W Barr, Executive Chairman
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