Petroleum Creek Limited awarded drilling contract at Petroleum Creek, NZ

Monday, April 28, 2014
  • Petroleum Creek Limited ("PCL"), Mosman's wholly owned subsidiary, has awarded the drilling contract for the June 2014 drilling programme to Drill Force New Zealand Ltd ("Drill Force"), a specialist drilling services company.

Mosman Oil and Gas Limited (AIM: MSMN), the New Zealand and Australia focussed oil exploration and development company, is pleased to provide a further operations update on its onshore Petroleum Creek Project in the South Island of New Zealand.

Drilling Contract Awarded

Petroleum Creek Limited ("PCL"), Mosman's wholly owned subsidiary, has awarded the drilling contract for the June 2014 drilling programme to Drill Force New Zealand Ltd ("Drill Force"), a specialist drilling services company.

The programme, which comprises two wells plus two contingent wells, includes the planned Crestal-1 and Crossroads-1 wells as previously announced.

Drill Force management have a combined 100 year+ drilling industry experience, along with a drilling heritage of five generations and the equipment is ideal for Mosman's drilling objectives.

John W Barr, Executive Chairman of Mosman commented: "We have a strong relationship with Drillforce, and their experience is ideal for the planned wells. The imminent drilling programme is a significant milestone for Mosman and we are looking forward to our first discovery in the region."

This article is for information and discussion purposes only and does not form a recommendation to invest or otherwise. The value of an investment may fall. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser. More

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