Mosman progresses towards drilling Stanley-2

Oil exploration, development and production company Mosman Oil and Gas updated the market on the Stanley-2 development well, targeting oil in the Yegua sands, on Friday.

The AIM-traded firm said the rig was already in the area, and would move to drill Stanley-2 as soon as the current well being drilled for another operator was finished.

It said Stanley-2 results were anticipated in December.

“The Stanley-2 well is the next step in the accelerated development of the multiple pay zone Stanley field,” said Mosman chairman John W Barr.

“Stanley-1 continues to produce and generate revenue.”