Mosman Oil and Gas Limited Stanley-3 Production Update (8047O)
04 October 2019 - 6:21PM
UK Regulatory
TIDMMSMN
RNS Number : 8047O
Mosman Oil and Gas Limited
04 October 2019
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 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
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 the vertical distance from a
(True Vertical Depth) point in the well to a point
at the surface.
===============================
MD the length of the wellbore, as
(Measured Depth) if determined by a measuring
stick
===============================
MCFGPD thousand cubic feet of gas per
day
===============================
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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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