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(Sharecast News) - Oil exploration, development and production Mosman Oil and Gas advised the market on Friday that that the Stanley-3 was continuing to produce.
The AIM-traded firm said the Stanley-3 well was placed on production on 10 September, and produced 2,428 barrels at an average of 115.6 barrels of oil per day gross in September.
It said the Stanley-3 well production rates were still yet to fully settle, adding that once steady flow rates were achieved, it would provide an update in relation to that.
Mosman had a 14.85% working interest in the Stanley-3 well.
"We continue to be delighted with the progress at Stanley, and the clearly commercial flow rates being delivered underline the significant commercial success," said Mosman chairman John W Barr.
"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."
21 Mar 2022 12:05
IN BRIEF: Mosman completes environmental survey at EP-145 well
Mosman Oil & Gas Ltd - Sydney-based oil and gas company - Completes on-site portion of the environmental survey at EP-145 well, in Amadeus Basin in the Northern Territory, Australia. Says initial results were received on schedule and will submit the final report to NT government once it is in hand.
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