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Mosman Oil and Gas Strikes Oil at Petroleum Creek Project

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Mosman Oil and Gas Strikes Oil at Petroleum Creek Project

Mosman Oil & Gas, the New Zealand and Australia focused oil exploration and development company, has announced drilling progress at its Petroleum Creek Project as follows.

At midnight (NZ time) on Sunday 8 June, Cross Roads-1 has reached a depth of 172m. Due to oil shows (fluorescence) at 146m, drilling was stopped and coring commenced. Oil shows (fluorescence and cut) and visible oil on core from 151m continue to the current depth of 172m.

The rock samples and core are interpreted to be from the Eight Mile conglomerate formation, as expected at this depth. Coring is providing valuable rock and fluid information, and will continue. Due to the oil shows, additional wireline logs will now be run in this 8.5 inch hole section and the Company will update shareholders accordingly once full…

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