Mosman Oil and Gas starts drilling new Texas well as weather clears
Source - SMW
Mosman Oil and Gas said drilling had commenced at its Stanley-2 well in Texas.
The well was expected to take around 14 days to drill and evaluate.
Its primary targets were the Eocene aged sands, which were indicated to be potentially oil bearing in the Stanley-1 well.
Stanley-2 would be directionally drilled to optimise the potential production of the reservoir objective sands.
'It is good to have drilling underway after the weather-related delays,' chairman said.
'The drilling should happen quickly and the Board of Mosman very much look forward to the detailed results and to updating shareholders as soon as possible.'
At 9:56am: (LON:MSMN) Mosman Oil And Gas Ltd share price was +0.01p at 0.31p