Mosman Oil and Gas well in Texas delayed by rainfall
Source - SMW
Mosman Oil and Gas said site preparations for a new well in Texas has been completed but bad weather meant it couldn't predict when drilling would commence.
'Last week the area was again subject to extended and substantial rainfall, so no spud date can currently be predicted,' the company said of its planned Stanley-2 well.
Mosman said it and partner Baja Oil had also decided to commence production from the Sparta reservoir at the currently-producing Stanley-1 well.
Targeting the new reservoir would require a straightforward rec-ompletion at a shallower depth, the company said.
At 1:14pm: (LON:MSMN) Mosman Oil And Gas Ltd share price was 0p at 0.25p