Business
Recompletion of Stanley-1
Recompletion of Stanley-1.
About this update from Quantum Helium Limited
[{"type":"text","content":"\n \nRNS Number : 7242S Mosman Oil and Gas Limited 13 March 2019 \n\n13 March 2019\nMosman Oil and Gas Limited\n (\"Mosman\" or the \"Company\")\n \nRecompletion of Stanley-1 \n \nMosman Oil and Gas Limited (AIM: MSMN) the oil exploration, development and production company, advises that the Stanley-1 well recompletion is now underway and is expected to take 3 to 4 days.\n \nStanley-1 in Texas, was the first well to be drilled as part of the Strategic Alliance with the privately-owned Baja Oil & Gas, LLC (\"Baja\"). As previously reported, it has been flowing gas and some oil since initial completion in the Wilcox, however production has been constrained by limited gas infrastructure.\n \nThe recompletion of Stanley-1 is designed to produce oil from the Sparta zone. Initial flow results will be reported when available. \n \nThe Wilcox zone will be cemented off and may be re-entered in due course. \n \nMosman will pay circa USD6,000 for its share of re-completion costs from existing cash resources. \n \nJohn W Barr, Chairman, said: \"The decision was made to re-complete the well to focus on oil production until the gas infrastructure is improved. It is good to have work commence on site after the winter rain season and the Board of Mosman very much look forward to the detailed results and to updating shareholders as soon as possible.\"\n \n \nCompetent Person's Statement\nThe 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.\n \n \nMarket Abuse Regulation (MAR) Disclosure\nCertain information contained in this announcement would have been deemed inside\ninformation for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.\n \n Enquiries:\n \n\n\n\nMosman Oil & Gas Limited\nJohn W Barr, Executive Chairman\nAndy Carroll, Technical Director\[email protected] \[email protected]\n \n\n\nNOMAD and Broker\nSP Angel Corporate Finance LLP\nStuart Gledhill / Richard Hail / Soltan Tagiev\n+44 (0) 20 3470 0470\n \n\n\n\n\nGable Communications Limited\nJustine James / John B...