Mosman Oil and Gas Limited Stanley-5 well update (3599P)
October 18 2021 - 3:00AM
UK Regulatory
TIDMMSMN
RNS Number : 3599P
Mosman Oil and Gas Limited
18 October 2021
18 October 2021
Mosman Oil and Gas Limited
("Mosman" or the "Company")
Stanley-5 well update
Mosman Oil and Gas Limited (AIM: MSMN) the oil exploration,
development, and production company, announces an update on the
Stanley-5 well in Polk County, East Texas.
The well is now scheduled to be drilled after the current well
at Winters is completed and the rig is relocated the short distance
to Stanley-5.
Stanley-5 is a development well targeting the Yegua formation,
at approximately 5,000 feet.
Following the acquisition of Nadsoilco LLC in July this year,
Mosman's interest in this well will be c36.5%. Mosman will fund its
share of the USD 350,000 drilling costs from existing cash
resources.
John W Barr, Chairman, said: "Mosman is pleased with the current
drilling activity that we had planned for this year to achieve the
strategic objective of increasing production."
Qualified 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
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 ('MAR') which has
been incorporated into UK law by the European Union (Withdrawal)
Act 2018. Upon the publication of this announcement via Regulatory
Information Service ('RIS'), this inside is now considered to be in
the public domain.
Enquiries:
Mosman Oil & Gas Limited John NOMAD and Broker
W Barr, Executive Chairman SP Angel Corporate Finance LLP
Andy Carroll, Technical Director Stuart Gledhill / Richard Hail /
jwbarr@mosmanoilandgas.com Adam Cowl
acarroll@mosmanoilandgas.com +44 (0) 20 3470 0470
Alma PR Joint Broker
Justine James / Joe Pederzolli Monecor (London) Ltd trading as ETX
+44 (0) 20 3405 0205 Capital Thomas Smith
+44 (0) 7525 324431 020 7392 1432
mosman@almapr.co.uk
Updates on the Company's activities are regularly posted on its
website:
www.mosmanoilandgas.com
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END
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