Mosman Oil and Gas says drilling has commenced on Texas oil well
Source - SMW
Mosman Oil and Gas said it had started drilling a new oil well in in Texas.
Stanley-3 was the next well to be drilled as part of a strategic alliance with the privately owned Baja Oil & Gas.
It was being drilled vertically to a total depth of 5,100 feet, with a total cost of around $165k.
Mosman would have at least a 14.85% working interest in the well, to be drilling on a turnkey contract basis.
At 8:28am: (LON:MSMN) Mosman Oil And Gas Ltd share price was 0p at 0.26p