Mosman Oil and Gas is expected to flow test one of its Petroleum Creek well in the next few weeks.
The news comes as a recent report on of the project identified valuable geological information including the identification of multiple distinct depositional layers.
Testing on Crossroads-1 will take 60 days and will require the mobilisation of crew and the Drill Force Rig #1 from the nearby storage yard.
John W Barr, executive chairman, said: “We are pleased to have progressed the 2015 exploration programme under the strict capital expenditure programmes which we have determined for each asset.
“The latest technical report on the Cobden Limestone cores provides excellent third party validation of the value and prospectivity of the NZ exploration permits in the Mosman portfolio.
“We now look forward to commencing flow testing at Crossroads-1.”
Read more Oil and Gas news here.
Recommended for you
