Exploration & Production
Mosman Oil and Gas Identifies Oil at Crestal-1, Petroleum Creek
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Mosman Oil & Gas Limited, the New Zealand and Australia focused oil exploration and development company, has announced a further update on drilling at Crestal-1 at its Petroleum Creek Project.
As drilling continues at Crestal-1, oil shows have been identified throughout the Cobden Limestone from 158m to 173m.
Flow testing is planned for later in 2014 on the Cobden Limestone interval and additional seismic data will be acquired to assist in mapping the extent of the accumulation and drilling locations for appraisal drilling.
John W Barr, Executive Chairman of Mosman commented: "It is important to put our progress into context as this positive news is the first step of the drilling programme which will be followed by the appraisal process. The next stage of which will be to carry out flow…
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