18th Apr 2019 12:45
LONDON (Alliance News) - Mosman Oil & Gas Ltd on Thursday said it completed both Stanley-1 and Stanley-2 wells located onshore Texas, US, in accordance to plan.
Stanley-1 was completed over a 10-foot perforation interval in a Yegua sandstone reservoir.
Well test operations have been ongoing, and the well was flowing oil at a recorded rate of 244 barrels of oil per day on a 14/64" choke, with an 80% oil cut, the company said.
Meanwhile, 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.
"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 or 130-135 barrels of oil equivalent per day," Mosman added.
Mosman Oil & Gas shares were trading 2.5% higher at 0.45 pence each.
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