25th Mar 2019 12:39
LONDON (Alliance News) - Mosman Oil & Gas Ltd on Monday said it expects drilling at its Stanley-2 well in Texas to be completed in a few days.
The company spudded the well on Tuesday last week, when it said operations would take approximately 14 days to complete.
So far, surface casing has been set and drilling is at a depth of 3,713 feet with a target depth of 5,100 feet, Mosman added.
Following completion, the company will proceed with well logging, running completion casing and then test producing selected zones. It expects "meaningful results" to be available in 10 to 12 days.
Mosman Oil & Gas shares were trading up 3.2% at 0.29 pence each.
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