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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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.0015 | 8.33% | 0.0195 | 0.018 | 0.021 | 0.02 | 0.018 | 0.018 | 166,690,224 | 15:20:13 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Crude Petroleum & Natural Gs | 2.25M | -2.13M | -0.0005 | -0.40 | 801.84k |
TIDMMSMN
RNS Number : 0892S
Mosman Oil and Gas Limited
11 November 2021
11 November 2021
Mosman Oil and Gas Limited
("Mosman" or the "Company")
Winters-2 and Stanley-5 Update
Mosman Oil and Gas Limited (AIM: MSMN) the oil exploration, development, and production company, announces an update on the Winters-2 and Stanley-5 wells in Polk County, East Texas.
The Winters-2 well was perforated from 6,788 to 6,808 feet. The well was swabbed on the morning of Friday 5 November and started to flow gas, oil and water. On Monday 8 November, the well was again swabbed and well testing on Tuesday 9 November from 11.00 to 16.00 flowed 48 to 96 thousand cubic feet of gas per day (Mcfgpd) of gas, minor amounts of oil and 240-480 barrels per day of water. The well is currently shut-in to measure pressure build up. This Wilcox zone will be flow tested again tomorrow. Note that nearby wells have seen oil production increase in the first days of flowing. If the oil rate does not increase, then the well may be re-completed in another zone. There are several other potential production zones identified on logs with potential pay having been identified in other Wilcox sands .
Stanley-5 is waiting on the delivery of required equipment, expected next week, before being put on production.
Further updates will be provided as appropriate.
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 information 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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November 11, 2021 04:23 ET (09:23 GMT)
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