19th Mar 2019 11:33
LONDON (Alliance News) - Mosman Oil & Gas Ltd on Tuesday said that drilling has now commenced at its Stanley-2 well in Texas, as the rig arrived at the location.
The well is expected to take approximately 14 days to drill and evaluate. The primary targets are Eocene aged sands, which were indicated to be potentially oil-bearing in Stanley-1.
"It is good to have drilling underway after the weather-related delays. 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," Chair John Barr said.
Mosman Oil & Gas shares were trading up 1.1% at 0.30 pence each.
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