Mosman Oil and Gas says flow rates at Texas well yet to stablise

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Mosman Oil and Gas said its Stanley-3 well in Texas was continuing to produce oil after it went live last month.

Production rates, however, had yet to fully settle.

The well wasplaced on production on 10 September and produced 2,428 barres at an average of 115.6 barrels per day.

Mosman Oil and Gas said it would update the market when stable flow rates had been achieved.

The company has a 14.85% working interest in Stanley-3.

At 9:30am: (LON:MSMN) Mosman Oil And Gas Ltd share price was 0p at 0.27p