Business
Stanley Production Update
Stanley Production Update.
About this update from Quantum Helium Limited
[{"type":"text","content":"\n \nRNS Number : 6133W Mosman Oil and Gas Limited 18 April 2019 \n\n18 April 2019\nMosman Oil and Gas Limited\n (\"Mosman\" or the \"Company\")\n \nStanley Production Update\n \nMosman Oil and Gas Limited (AIM: MSMN) the oil exploration, development and production company, advises that both Stanley-1 and Stanley-2 wells have now been completed in accordance with the previously announced completion plan (see details below). \n \nMosman's strategic alliance partner, Baja Oil and Gas LLC (\"Baja\") have summarized the recent operations and flow rates is as follows:\n \n\"Stanley-1 well was completed over a 10-foot perforation interval in a Yegua sandstone reservoir. The recorded initial flow rate was approximately 330 BOPD. Well test operations have been ongoing, and the well was flowing oil at a recorded rate of 244 BOPD on a 14/64\" choke, with an 80% oil cut. There are also modest volumes of casing head gas being produced\". \n \n\"The Stanley-2 well was completed over a 4-foot interval in Yegua sandstone reservoir that is slightly deeper than the reservoir completed in Stanley-1. Interpretation of wireline logs and sidewall cores obtained from the reservoir suggest the possibility of a small gas cap over an oil column. After completion operations were undertaken, the well commenced flowing rich gas to surface. The well is currently flowing a combination of gas and oil to surface, approximately 720 MCFGPD and 10-15 BOPD, or 130-135 barrels of oil equivalent per day (BOEPD). Early preferential gas production is not unusual for these reservoirs.\"\n \nAdditional Details\n \nStanley-1 is producing from the \"4,270 Sand\" at circa 4,270 feet.\n \nThe initial completion zone for Stanley-2 is the \"4,700 Sand\" over the interval 4,706 to 4,720 feet. As well as the primary zone, the Operator has identified an attractive oil zone in the \"4,560 Sand\" that could be completed as an alternative to the 4,700 Sand,\n \nJohn W Barr, Chairman, said: \"These initial flow rates are a demonstration of the excellent production from multiple stacked reservoirs at Stanley. Mosman will soon receive cash flow from these wells as they can be produced using existing production facilities. Further low cost Stanley development wells will be considered in due course.\n \n\"Stanley w...