- Mosman Oil and Gas said it had started drilling a new oil well in in Texas.

Stanley-3 was the next well to be drilled as part of a strategic alliance with the privately owned Baja Oil & Gas.

It was being drilled vertically to a total depth of 5,100 feet, with a total cost of around $165k.

Mosman would have at least a 14.85% working interest in the well, to be drilling on a turnkey contract basis.

At 8:28am: [LON:MSMN] Mosman Oil And Gas Ltd share price was 0p at 0.26p

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