another good success at the taylor field

MOS announced a good result from the Taylor 22 well.
It proves up as an extension of the successful Taylor field.
Taylor 22 is pumping 3-4 million cubic feet of gas per day. Plus it is pumping 20 barrels of condensate per day. this makes the wells even more commercial.
This compares to Taylor 19 which flowed 10mill c/f/day.

The beauty of the Taylor wells is that they pump oil plus gas, and they can be hooked up to existing infrastructure straight away.

Below are extracts from announcements FYI.

*****************************
7 July 2009
Taylor 22 (PL 16, Surat-Bowen Basin, Qld, MOS-100%)
Mosaic Oil NL (ASX:MOS) advises that Taylor 22 gas/condensate development well
reached total depth of 2038mRT at 01:00 hours on 5th July, 2009. A Drill Stem Test over
the Showgrounds Sandstone interval 1987 – 1997mRT flowed gas to surface in 3 minutes
with a maximum flowing pressure of 900 psi and a non-stabilised final flow rate of 3 to 4
MMcfgd. Fluid recovery consisted of 20 litres of condensate with no water. The well will
be completed as a Showgrounds gas producer and tied into the Taylor production facility.
MB Century Rig #7 will then be moved to the Taylor-20 location with this well expected to
spud late next week.
************************************************
22 September 2008
Taylor-19 (PL 16, Surat-Bowen Basin, Qld)
Mosaic Oil NL (ASX: MOS) is pleased to advise that the Taylor-19 gas/condensate
development well has been successfully completed for production.
After clean-up flow, the Taylor-19 well has flowed at a stabilised rate of approximately 10
MMscfd (million standard cubic feet per day) of gas through a 47/64” choke with stabilised
flowing pressure of 800 psi over a two hour flow period.