Connecting to LinkedIn...

W1siziisijiwmtuvmdqvmtuvmdgvntqvmzgvnzi1l01ptlrbu0hfqkxpr19vtljftkrfukvex0lnqudfx3jlc2l6zwrfyw5kx3jlbmrlcmvklmpwzyjdlfsiccisinrodw1iiiwimtkymhgxmjuwiyjdxq

Blog

Mosman Oil & Gas hails continued excellent results from New Zealand well

16/06/2014 by

W1siziisijiwmtqvmtavmjgvmtuvmzcvmzevotiyl2zpbguixsxbinailcj0ahvtyiisijywmhg0mdbcdtawm2uixv0

Mosman Oil & Gas, whose shares shot up more than 200% on Friday, has revealed more “excellent results” from its Cross Roads-1 well on the Petroleum Creek Project in New Zealand.

Having encountered 17 metres of oil over two zones in the Eight Mile formation, the group said the lower-lying Cobden limestone revealed good oil shows over seven metres from 241 metres.

The formation has good matrix and fracture porosity, Mosman added.

Now drilled to a depth of 313 metres, the well will be cased and fitted with blow-out preventers.

The plan now is to drill to the basement of Cross Roads before it is suspended pending testing.

Before testing the company’s contractors will drill the Crestal-1 and Crestal-2 targets.

Mosman said it has started to plan an appraisal programme that may include seismic and perhaps additional wells.

Chairman John Barr said: “The continued excellent results from Cross Roads-1 are positive both for this location and for the other seismic defined Eight Mile and Cobden formation prospects in this permit.

This article has been extracted from http://www.proactiveinvestors.co.uk, please click on this link to read the article in full http://www.proactiveinvestors.co.uk/companies/news/69460/mosman-oil-gas-hails-continued-excellent-results-from-new-zealand-well-69460.html

Montash is a multi-award winning, global IT recruitment firm. Specialising in permanent and contract positions across mid-senior appointments which cover a wide range of industry sectors and IT functions, including:

ERP, BI & Data, Information Security, IT Architecture & Strategy, Scientific Technologies, Demand IT and Business Engagement, Digital and E-commerce, Infrastructure and Service Delivery, Project and Programme Delivery.

With offices based in London, Montash has completed assignments in over 30 countries and has appointed technical professionals from board level to senior and mid-management in permanent and contract roles.

comments powered by Disqus

Social Stream

Latest News

W1siziisijiwmtcvmdgvmdcvmtmvmtcvntqvnze3l1vudgl0bgvkigrlc2lnbiaomikuanbnil0swyjwiiwidgh1bwiilcizodb4mtawiyjdxq

Will AI Cost Us Our Humanity?

2017-08-07 15:00:00 +0100

As technology evolves, artificial intelligence is becoming increasingly mainstream, and it will inevitably start to impact the way we interact. On the one hand, AI has the potential to solve a variety of problems and streamline our lives and our work. But will this come at the cost of the all-important human touch? A foreshadowing statistic claims that by 2020, 85% of client interactions will be managed without a human[1]. But can there really be an alg...

W1siziisijiwmtcvmdcvmtgvmdgvndcvmduvntu5l2jpz3n0b2nrluv4b3rpyy1qyxjhzglzzs1ucmf2zwwtvg91cmktmtc2mju4ndm3lmpwzyjdlfsiccisinrodw1iiiwimzgwedewmcmixv0

Getting Ready to Switch Off

2017-07-17 09:00:00 +0100

According to research by online travel company Expedia, just 53% of workers come back feeling rested after they’ve been on holiday. When you bring work-related stress on holiday with you, you’re never going to be able to truly switch off. So if you've got a summer holiday coming up, what should you do to switch off and unwind? Before you leave... Plan ahead As soon as you know when your last day of work is, make a plan. You don't want to get to that fin...