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

W1siziisijiwmtcvmdyvmtkvmtavndkvmtavntuvc2h1dhrlcnn0b2nrxzqymzk2mjg2ni5qcgcixsxbinailcj0ahvtyiisijm4mhgxmdajil1d

Long Term Transition, Not Long Term Tradition...

2017-06-20 09:00:00 +0100

It seems odd that while 88% of businesses are undergoing some kind of digital transformation[1], only 25%[2] of them have a clear understanding of their digital transformation journey. So what's driving so many businesses to pursue digital with such recklessness? Broadly speaking, the reason is simply the unprecedented rate of change in digital solutions and services. As we ride the digital tidal wave, consumers and employees change their expectations, ...

W1siziisijiwmtcvmdyvmtmvmtavmjqvmjuvodcxl3nodxr0zxjzdg9ja181njewnja3mzmuanbnil0swyjwiiwidgh1bwiilcizodb4mtawiyjdxq

How Great Leaders Cultivate Great Teams

2017-06-13 12:00:00 +0100

There's a difference between being a boss and being a leader. Leaders know how to inspire the best from their teams to achieve industry-leading results. For our latest blog, we spoke to our Managing Director, Roy Dungworth, to discover how businesses can create a culture that inspires great people to do great things together. Success in business doesn't begin and end with great leadership. Great leaders inspire their teams to want to do more and be bett...