Business
Stanley Update
Stanley Update.
About this update from Quantum Helium Limited
[{"type":"text","content":"\n \nRNS Number : 7374R Mosman Oil and Gas Limited 04 March 2019 \n\n4 March 2019\nMosman Oil and Gas Limited\n (\"Mosman\" or the \"Company\")\n \nStanley Update\n \nMosman Oil and Gas Limited (AIM: MSMN) the oil exploration, development and production company, advises an update in respect to the Stanley wells located in Polk County, USA.\n \nMosman has now been advised as follows;\n \nStanley-1\n \nAs already reported on 6 February 2019, Stanley-1 produced 6,071 Gross BOE (Net 1,002 to Mosman) between the commencement of production in September 2018 and 31 December 2018. Mosman and its strategic partner (Baja Oil and Gas, LLC) have recommended that the operator commence production from the Sparta reservoir, which will require a straightforward recompletion at a shallower depth.\n \n \nStanley-2\n \nThe site preparation for the drilling of the Stanley-2 well has been completed. \n \nHowever last week the area was again subject to extended and substantial rainfall, so no spud date can currently be predicted. \n \n \nJohn W Barr, Chairman, said: \"We look forward to producing the Sparta reservoir that is expected to produce oil. We are also pleased that the winter wet weather season ended and that allowed for construction works to be completed at the Stanley-2 drilling location. The Company will keep the market updated as appropriate\"\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\n\n \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...