StockMarketWire.com - Mosman Oil and Gas said drilling of a new oil well in Texas was expected to start later in December.
The company also announced that it had slightly increased its interest in the well, Stanley-2, to 18.5% from 16.5%.
It would be the second recent well drilled at the Livingston oilfield in Polk County and was set to penetrate its primary target, the Yegua Sands, at around 3,800 feet.
Several secondary targets would also be tested similar to those that were tested in the Stanley-1 well.
At 1:21pm: [LON:MSMN] Mosman Oil And Gas Ltd share price was +0.01p at 0.26p
Story provided by StockMarketWire.com
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