Sydney, June 3, 2008 AEST (ABN Newswire) - Mosaic Oil NL (ASX: MOS)(PINK: MSAOF) is pleased to advise that the Taylor-18 gas/condensate development well has been successfully completed for production.
Following a clean-up flow, the Taylor-18 well has flowed at a stabilised rate of approximately 4.6 MMSCFD (million standard cubic feet per day) of gas through a 32/64 choke with flowing pressure of 850 psig over a 2 hour flow period.
Mosaic Oil s Managing Director Mr Lan Nguyen said The initial results from the clean-up flow are very positive. This flow rate is consistent with the stabilised flow rate seen in other gas wells in the Taylor Field.
As previously stated, this well will be connected to the Silver Springs gathering system by the end of June.
Mosaic Oil has 100% interest in PL-49.
Contact
Mosaic Oil:
Lan Nguyen
Managing Director
Tel: +61-2-9247-9324
Media:
Bill Kemmery
Fortbridge
Tel: +61-2-9331-0655
Mob: +61-400-122-449
| ||
|
