Mosman Oil and Gas said oil had flowed from a new well in Texas. The stabilised rate from a six-foot interval from the Stanley-3 well was 192 barrels per day on an 8/64-inch choke. The optimal production rate for the reservoir would be determined by the operator in due course. Mosman had a 14.9% working interest in the well. 'We are delighted with the progress at Stanley, with Stanley-3 delivering significant commercial success, as we build on our production growth,' chairman John W Barr said. '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.' At 9:26am: (LON:MSMN) Mosman Oil And Gas Ltd share price was +0.01p at 0.31p
Sign up to our
Subscribe to the latest investing news by entering your email address below
You can opt out at any time.
For five days a week you will get
- The latest company news
- Insight into investment trends
- Round-up of director's buys and sells
- Articles from Shares magazine
Plus more useful investment content and occasional promotional offers.
UK 350 Risers and Fallers
Tweets not available.