30th Nov 2018 10:34
LONDON (Alliance News) - Mosman Oil & Gas Ltd said on Friday that a rig scheduled to drill Stanley-2 well in Texas is currently in the area, and will drill the well once a well for another operator has been finished.
Results from the drilling of Stanley-2 are expected in December.
"The Stanley-2 well is the next step in the accelerated development of the multiple pay zone Stanley field. Stanley-1 continues to produce and generate revenue," said Chairman John Barr.
Shares in Mosman Oil & Gas were untraded on Friday, last quoted at 0.24 pence.
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