Mosman Oil and Gas Limited Stanley-3 Initial Production Flow Rates (6262L)

TIDMMSMN

RNS Number : 6262L

Mosman Oil and Gas Limited

09 September 2019

9 September 2019

Mosman Oil and Gas Limited

("Mosman" or the "Company")

Stanley-3 Initial Production Flow Rates

Mosman Oil and Gas Limited (AIM: MSMN) the oil exploration, development and production company, advises that the Stanley-3 well in Texas has been completed.

Mosman has been advised that a six foot interval within the 4,800 Sand was perforated during well completion operations. During flow testing, the stabilised rate from this interval was 192 BOPD on an 8/64" choke. The recovered fluid is 100% oil.

The optimal production rate for this reservoir will be determined by the Operator in due course.

Mosman has a 14.85% working interest in this well.

John W Barr, Chairman, said: "We are delighted with the progress at Stanley, with Stanley-3 delivering significant commercial success, as we build on our production growth. This further reinforces the whole investment strategy pursued by Mosman, and we look forward to continued success with Stanley-4 being the next well to be evaluated."

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 
  [e-mail]          / Soltan Tagiev 
  [e-mail]        [phone] 
 Gable Communications Limited 
  Justine James / John Bick 
  [phone] 
  [e-mail] 
 

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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September 09, 2019 02:06 ET (06:06 GMT)