Mosman Oil and Gas Limited Stanley-3 Update (7737K)
31 August 2019 - 1:02AM
UK Regulatory
TIDMMSMN
RNS Number : 7737K
Mosman Oil and Gas Limited
30 August 2019
30 August 2019
Mosman Oil and Gas Limited
("Mosman" or the "Company")
Stanley-3 Update
Mosman Oil and Gas Limited (AIM: MSMN) the oil exploration,
development and production company, advises an update in respect to
the Stanley-3 well in Texas.
The Stanley-3 well was drilled to the planned total depth of
5144 feet. After evaluation of drilling data, wire-line logs, and
sidewall cores, production casing was run to the total depth of the
well. Several potential pay zones have been identified.
The rig is now on-site and preparing to complete the well. The
initial completion will consist of a perforation interval of four
feet located near the top of the Yegua 4800 foot Sand.
Flow rates and further details in respect of the potential pay
zones will be provided when data is available.
John W Barr, Chairman, said: "We have a 100% success rate at
Stanley with three successful wells.
"Given the success of this well, Mosman looks forward to getting
flow rates soon and near-term consideration of Stanley-4. Mosman
executives will meet various parties in Houston and on site to
consider this and other matters."
"The Company continues to meet its stated objectives of building
production"
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
Justine James / John Bick
+44 (0) 20 7193 7463
mosman@gablecommunications.com
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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