- Mosman Oil and Gas said testing at its existing Stanley-1 well in Texas indicated that it could flow at improved rates.

A final stable flow of 1,271,000 cubic feet per day of natural gas and 50 barrels per day of liquid hydrocarbons was achieved from the new testing.

Drilling of the Stanley-2 well, meanwhile, was scheduled to commence in November, with results due in early December.

'This Stanley-1 test shows the ability of the well to produce at much higher rates once the gas infrastructure limitations are resolved,' chairman John W Barr said.

'We are also pleased to move rapidly to drill Stanley-2 and potentially get it on production, to be followed by additional wells.'

'Stanley-1 continues to generate revenue from gas and oil sales, and the test clearly shows the potential for higher rates once the current gas constraints are removed.'

At 1:53pm: [LON:MSMN] Mosman Oil And Gas Ltd share price was -0.02p at 0.26p

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