Mosman Oil and Gas Limited Stanley-4 First Gas and Oil Production (6456E)
March 14 2022 - 5:06AM
UK Regulatory
TIDMMSMN
RNS Number : 6456E
Mosman Oil and Gas Limited
14 March 2022
14 March 2022
Mosman Oil and Gas Limited
("Mosman" or the "Company")
Stanley-4 First Gas and Oil Production
Mosman Oil and Gas Limited (AIM: MSMN) the oil exploration,
development, and production company, announces initial gas
production from the Stanley-4 well in East Texas. Mosman has a
36.5% Working Interest.
The Stanley-4 well has been connected to the recently completed
gas infrastructure. The initial gross flow rate is circa 275
thousand cubic feet per day (mcfpd), which is circa 53 barrels of
oil equivalent per day (boepd). In addition, 6 barrels of oil
(bopd) were produced bringing the initial daily production to 59
boepd. The well will be monitored, and production rate
optimized.
The other well recently connected to the gas infrastructure is
the Winters-2 well. Mosman has c23% working interest. Gross
production rate from 7 to 11 March averaged 657 thousand cubic feet
per day (mcfpd) which is circa 127 barrels of oil equivalent per
day (boepd). In addition, 10 barrels of oil per day (bopd) were
produced bringing the 5 day average production to 137 boepd.
John W Barr, Chairman, said: "It is pleasing to see Stanley-4
producing oil and gas and we are encouraged by the oil production
data at Winters-2. Going forward, the gas infrastructure will be
useful in optimizing production, for example by enabling gas lift
on other Stanley oil wells."
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
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.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
UPDFIFIAVVISLIF
(END) Dow Jones Newswires
March 14, 2022 05:06 ET (09:06 GMT)
Mosman Oil And Gas (LSE:MSMN)
Historical Stock Chart
From Aug 2024 to Sep 2024
Mosman Oil And Gas (LSE:MSMN)
Historical Stock Chart
From Sep 2023 to Sep 2024