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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Mosman Oil And Gas Limited | LSE:MSMN | London | Ordinary Share | AU0000XINET1 | ORD NPV (DI) |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.0005 | 3.03% | 0.017 | 0.016 | 0.018 | 0.017 | 0.0165 | 0.0165 | 8,214,835 | 09:05:45 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Crude Petroleum & Natural Gs | 2.25M | -2.13M | -0.0005 | -0.40 | 801.84k |
From Apr 2019 to Apr 2024
TIDMMSMN
RNS Number : 2277T
Mosman Oil and Gas Limited
19 March 2019
19 March 2019
Mosman Oil and Gas Limited
("Mosman" or the "Company")
Stanley-2 Drilling Update
Mosman Oil and Gas Limited (AIM: MSMN) the oil exploration, development and production company, advises that the rig is now on location at Stanley-2 in Texas and drilling has now commenced. The well is expected to take approximately 14 days to drill and evaluate. The primary targets are Eocene aged sands (which includes the Yegua sands) which were indicated to be potentially oil bearing in Stanley-1. Stanley-2 will be directionally drilled to optimise the potential production of the reservoir objective sands.
Stanley-2 is the next well to be drilled as part of the Strategic Alliance with the privately-owned Baja Oil & Gas, LLC. Stanley-2 is designed to penetrate its primary target updip from Stanley-1 to optimise the potential oil production and recovery from these reservoirs.
Mosman has used existing cash resources to fund its drilling commitment for this well.
John W Barr, Chairman, said: "It is good to have drilling underway after the weather-related delays. The drilling should happen quickly and the Board of Mosman very much look forward to the detailed results and to updating shareholders as soon as possible."
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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(END) Dow Jones Newswires
March 19, 2019 03:01 ET (07:01 GMT)
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