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Mosman Oil and Gas looks forward to completion of Stanley 2 drilling in coming days

"Results will be evaluated, summarised and made available to shareholders as soon as practical," said John Barr

oil and gas operations
‘Meaningful results’ from the well may be available in 10-12 days.

Mosman Oil And Gas Ltd (LON:MSMN) told investors that the drilling of the Stanley-2 well will be complete in the next ‘few days’.

In a statement, Mosman noted that drilling began on 19 March and by 24 March the well had reached a depth of 3,713 feet – target depth for well is 5,100 feet.

It added that ‘meaningful results’ may be available in 10-12 days.

WATCH: Mosman Oil And Gas outlook for US and Australian assets

Both the Stanley 1 and Stanley 2 wells are located on the same well pad, and thus the results from the recently recompleted Stanley 1 won’t be available until after Stanley 2 has been drilled and completed.

"It is pleasing that both operations are proceeding. Results will be evaluated, summarised and made available to shareholders as soon as practical," said John Barr, Mosman chairman.

Quick facts: Mosman Oil And Gas Ltd

Price: 0.142 GBX

AIM:MSMN
Market: AIM
Market Cap: £1.6 m
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