28th Sep 2020 20:32
Mosman Oil & Gas Ltd - oil exploration company - Says operator has advised that Stanley-4 is now flowing at around 155 barrels of oil per day from a completion in the Frio sandstone at 4,700 feet. Mosman has a 16.5% working interest in Stanley-4 in Texas.
"The oil is being stored in temporary tanks whilst new permanent tanks are installed to handle this flow rate. In the meantime, sale of oil from this well is expected to start this week," says Mosman.
Current stock price: 0.16 pence
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By Lucy Heming;Â [email protected]
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