Mosman says Stanley-3 continuing to produce

Oil exploration, development and production Mosman Oil and Gas advised the market on Friday that that the Stanley-3 was continuing to produce.

The AIM-traded firm said the Stanley-3 well was placed on production on 10 September, and produced 2,428 barrels at an average of 115.6 barrels of oil per day gross in September.

It said the Stanley-3 well production rates were still yet to fully settle, adding that once steady flow rates were achieved, it would provide an update in relation to that.

Mosman had a 14.85% working interest in the Stanley-3 well.

“We continue to be delighted with the progress at Stanley, and the clearly commercial flow rates being delivered underline the significant commercial success,” said Mosman chairman John W Barr.

“Once Stanley-3 is fully settled, the operator's attention will move to Stanley-4.

“The company continues to meet its objectives, and very much looks forward to the next wells being drilled.”