Mosman Oil and Gas Limited says New Drilling Programme to Commence
Drilling is due to commence on Tuesday 16 September, on the Crestal-2 well at the Petroleum Creek Project in New Zealand. This planned programme of work will also include testing Crestal-2, Cross Roads-1 and Crestal-1 over the coming weeks.
The Crestal-2 well, is planned to test Eight Mile and Cobden Limestone formations known to contain oil in offset wells. The well is being drilled vertically from a newly constructed well pad to an expected total depth of about 200m.
Subject to drilling and test results across the above wells along with the current seismic work being carried out, the Company plans a further programme of additional new wells to follow the current drilling programme.