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Mosman Oil and Gas Limited updates on oil flow at Stanley Project

1 min read | September 28, 2020 10:45 PM BST | By Team Kalkine Media
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Mosman Oil and Gas Limited (LON:MSMN) has released an update on the recently carried development of drilling at the Stanley Project.

  • The company has reported that it has been advised by the operator that Stanley-4 is now flowing around 155 barrels of oil per day (bopd) oil.
  • The flow rate has been determined from achievement in the Frio sandstone at approximately 4.7k feet.
  • New permanent tanks are being installed to handle the flow rate of Stanley-4, while the temporary tanks are being used to store the present flow.
  • MSMN shares on 28 September 2020, at the time of writing, GMT 12:37 PM, were trading at GBX 0.18, up by 0.01 points or 5.88% against the previous day’s closing price.

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