- Mosman Oil and Gas said it had started drilling a new well at its Stanley project in Texas.

The Stanley-1 well commenced drilling on Thursday and was proceeding on schedule, the company said.

It was targeting multiple potential reservoir zones that had been mapped on 3D seismic.

The well was planned to be 7,000 feet deep and drilling was expected to be completed within the next two weeks.

Stanley was the first well to be drilled under a recently-announced strategic alliance with Baja Oil and Gas.

At 1:57pm: [LON:MSMN] Mosman Oil And Gas Ltd share price was +0.03p at 0.73p

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