Business
Stanley-2 Drilling Update
Stanley-2 Drilling Update.
About this update from Quantum Helium Limited
[{"type":"text","content":"\n \nRNS Number : 5788U Mosman Oil and Gas Limited 01 April 2019 \n\n1 April 2019\nMosman Oil and Gas Limited\n (\"Mosman\" or the \"Company\")\n \nStanley-2 Drilling Update\n \nMosman Oil and Gas Limited (AIM: MSMN) the oil exploration, development and production company, advises that the Stanley-2 well in Texas has completed drilling at 5,000 feet. Next operations will be electric logging and running casing. The well encountered the pre-drill target of Eocene aged sands (which includes the Yegua sands). A period of evaluation will now commence, prior to bringing the well on production. \n \nStanley-2 is part of the Strategic Alliance with the privately-owned Baja Oil & Gas, LLC. Stanley-2 is designed to penetrate several Eocene sand targets up-dip from Stanley-1, to optimise the oil production and recovery from these zones identified on 3D seismic and penetrated by Stanley-1. \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 information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.\n \nEnquiries:\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 Bick\n+44 (0) 20 7193 7463\[email protected] \n\n\nJoint Broker\nSVS Securities Plc\nTom Curran / Ben Tadd\n+44 (0) 203 700 0078\n \n\n\n\n \nUpdates on the Company's activities are regularly posted on its website www.mosmanoilandgas.com\n \n \n\nThis information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relat...