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Horizon said the Stanley-5 well had reached total depth and intersected a gross sand column of about 120 metres in the Toro and Kimu reservoirs, with roughly 96 metres of net pay.
A production test was carried out over the Toro and Kimu zones in the well which saw it flow at a rate of about 68 million cubic feet per day, with associated condensate, on a 1.9-inch choke.
Horizon said log and test data from the well, together with wellhead condensate samples obtained, was consistent with pre-drill estimates and the results of the nearby Stanley-2 well.
It added both the Stanley-2 and -5 wells had demonstrated during testing of being capable of producing more than the 140 MMcfd design capacity of the Stanley gas plant.
The drilling rig Parker Rig-226 will now be skidded to start drilling the final Stanley development well, Stanley-3, from the current surface location, with an expected spud date of 31 August.
Stanley is due on stream in the second half of 2016 at a rate of about 140 million cubic feet per day of wet gas and 4000 barrels per day of condensate.
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