Mosman Oil & Gas - Stanley-3 Initial Production Flow Rates
("Mosman" or the "Company")
Stanley-3 Initial Production Flow Rates
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
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.
John W Barr, Executive Chairman
NOMAD and Broker
+44 (0) 20 3470 0470
+44 (0) 20 7193 7463
Updates on the Company's activities are regularly posted on its website www.mosmanoilandgas.com
barrel / barrels
barrels of oil per day
(True Vertical Depth)
the vertical distance from a point in the well to a point at the surface.
the length of the wellbore, as if determined by a measuring stick
thousand cubic feet of gas per day
This information is provided by RNS, the news service of the
Quick facts: Mosman Oil And Gas Ltd
Market Cap: £958.36 k
NO INVESTMENT ADVICE
The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...FOR OUR FULL DISCLAIMER CLICK HERE