Mosman Oil & Gas Ltd - New South Wales, Australia-based exploration, development and production company - Recompletes Stanley-5 well in a Yegua zone at a depth of 4,528 to 4,530 feet, with an initial flow rate equal to 60 barrels per day, limited by a 8/64 choke.
The well has not yet been optimised, and the choke size could be changed in order to improve the production rate.
"Mosman has always had faith in this well and in the larger East Texas location due to the seismic work completed to determine the location of wells. In most wells there are multiple potential production zones, and the task is always to complete and then recomplete the well at various zones to maximise oil and gas recovery. The initial flow rates at Stanley-5 are an encouraging result and highlight the opportunities we identified when we acquired Nadsoilco in July 2021," says Chair John Barr.
Current stock price: 0.088 pence
Year-to-date change: down 41%
By Dayo Laniyan; dayolaniyan@alliancenews.com
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Mosman Oil Gas (MSMN)