Mosman Oil and Gas Limited Stanley Update (7374R)
04 March 2019 - 8:53PM
UK Regulatory
TIDMMSMN
RNS Number : 7374R
Mosman Oil and Gas Limited
04 March 2019
4 March 2019
Mosman Oil and Gas Limited
("Mosman" or the "Company")
Stanley Update
Mosman Oil and Gas Limited (AIM: MSMN) the oil exploration,
development and production company, advises an update in respect to
the Stanley wells located in Polk County, USA.
Mosman has now been advised as follows;
Stanley-1
As already reported on 6 February 2019, Stanley-1 produced 6,071
Gross BOE (Net 1,002 to Mosman) between the commencement of
production in September 2018 and 31 December 2018. Mosman and its
strategic partner (Baja Oil and Gas, LLC) have recommended that the
operator commence production from the Sparta reservoir, which will
require a straightforward recompletion at a shallower depth.
Stanley-2
The site preparation for the drilling of the Stanley-2 well has
been completed.
However last week the area was again subject to extended and
substantial rainfall, so no spud date can currently be
predicted.
John W Barr, Chairman, said: "We look forward to producing the
Sparta reservoir that is expected to produce oil. We are also
pleased that the winter wet weather season ended and that allowed
for construction works to be completed at the Stanley-2 drilling
location. The Company will keep the market updated as
appropriate"
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 NOMAD and Broker
John W Barr, Executive Chairman SP Angel Corporate Finance LLP
Andy Carroll, Technical Director Stuart Gledhill / Richard Hail
jwbarr@mosmanoilandgas.com / Soltan Tagiev
acarroll@mosmanoilandgas.com +44 (0) 20 3470 0470
Gable Communications Limited Joint Broker
Justine James / John Bick SVS Securities Plc
+44 (0) 20 7193 7463 Tom Curran / Ben Tadd
mosman@gablecommunications.com +44 (0) 203 700 0078
Updates on the Company's activities are regularly posted on its
website www.mosmanoilandgas.com
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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