Last checked at 4 Oct 2019 09:21
4 October 2019
Mosman Oil and Gas Limited
("Mosman" or the "Company")
Stanley-3 Production Update
Mosman Oil and Gas Limited (AIM: MSMN) the oil exploration, development and production company, advises that the Stanley-3 continues to produce.
The Stanley-3 well was placed on production on 10 September 2019 ) and produced 2,428 BBLs at an average of 115.6 BOPD gross in September.
The Stanley-3 well production rates are still yet to fully settle. Once steady flow rates have been achieved, the Company will provide and update in relation to this.
Mosman has a 14.85% working interest in the Stanley-3 well.
John W Barr, Chairman, said: "We continue to be delighted with the progress at Stanley, and the clearly commercial flow rates being delivered underline the significant commercial success. 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."
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 John W Barr, Executive Chairman Andy Carroll, Technical Director jwbarr@mosmanoilandgas.com acarroll@mosmanoilandgas.com
| NOMAD and Broker SP Angel Corporate Finance LLP Stuart Gledhill / Richard Hail / Soltan Tagiev +44 (0) 20 3470 0470
|
Alma PR Justine James +44 (0) 7525 324431 mosman@almapr.co.uk |
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 (True Vertical Depth) | the vertical distance from a point in the well to a point at the surface. |
MD (Measured Depth) | the length of the wellbore, as if determined by a measuring stick |
MCFGPD | thousand cubic feet of gas per day |