Mosman Oil and Gas Provides Vecta Project Drilling Update
Why we think this is neutral
This RNS announcement provides a general update on the drilling progress at Mosman Oil and Gas' Vecta Project in Colorado, USA. It does not contain any specific financial or operational news that would warrant a more positive or negative sentiment score.
Key Points
- Drilling at the Vecta Project in Colorado, US delayed due to rainfall
- Drilling crew on break, returning on 16 June
- Vecta Project located close to Red Rocks helium producing field and Blue Star Helium's Galactica development project
- Mosman holds 20% working interest in the Bard lease area
Summary
Mosman Oil and Gas Limited (AIM:MSMN) has provided an update on the timing of the second well in the drilling campaign at the Vecta Project in Colorado, US. Due to rainfall, the ground conditions are unsuitable for the rig to move, and the drilling crew has gone on a break, returning on 16 June. The Vecta Project is located close to the Red Rocks helium producing field and Blue Star Helium's Galactica development project, with the company holding a 20% working interest in the Bard lease area.