20th Jul 2018 09:37
LONDON (Alliance News) - Mosman Oil & Gas Ltd on Friday said it has begun drilling the first well in its partnership with Baja Oil & Gas LLC at the Stanley project onshore Texas.
Mosman has started work on the Stanley-1 well, which is in the Livingston oilfield in Polk County, and is targeting oil from the Wilcox sands.
The company said the well is being drilled to 7,000 feet and work should be finished within two weeks.
Shares were 9.8% higher on Friday at a price of 0.77 pence each.
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