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Stanley-1 Well Test Results
Stanley-1 Well Test Results.
About this update from Quantum Helium Limited
[{"type":"text","content":"\n \nRNS Number : 1732H Mosman Oil and Gas Limited 13 November 2018 \n\n \n13 November 2018\n \n \nMosman Oil and Gas Limited\n(\"Mosman\" or the \"Company\")\n \nStanley-1 Well Test Results\n \n \nMosman Oil and Gas Limited (AIM: MSMN) the oil exploration, development and production company, announces an update in respect to a recently completed well test at the Stanley-1 well.\n \nA well test was recently performed on Stanley-1 to ascertain the potential deliverability of the well. The test was carried out by the operator, Nadsoilco LLC, and independent third parties. This was a controlled test designed to flow the well with gas flared (instead of producing to the restricted gas infrastructure) and to acquire data that may indicate the extent of the oil and gas accumulation. The test rate was limited due to the size of the test separator and was not an absolute open hole test. Over several hours the well was flowed through increasingly larger choke sizes and the flow rate was allowed to stabilise at each stage.\n \nThe choke was incrementally increased from 11/64\" to 40/64\" over a series of steps and the final stable flow was 1,271,000 cfd and 50 bbls per day of liquid hydrocarbons. This is equivalent to 274 boepd (calculated using SPE conversion rate of 0.0001767 barrels per standard cubic foot of gas). By way of comparison, recent flow rates with existing infrastructure were averaging 450,000 cfd and 10 bbls per day of liquid hydrocarbons. This is equivalent to 90 boepd. Figures stated as gross to the project with Mosman holding a 16.5% Working Interest. \n \nThe operator has advised that planning and negotiating with relevant parties to eliminate pipeline limitations and increase gas processing contract volumes is underway. The timing of increased production depends on reaching agreement with third parties and completing site work, and an update will be provided in due course. \n \nThe Stanley-2 well drill is scheduled to commence drilling in November with results due in early December. The well is expected to be an oil producer with minor amounts of associated gas that can be handled by existing infrastructure.\n \nAdditional development wells will then be drilled to de...