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Mosman Oil & Gas Ltd - London-based metals exploration and development company - Expects to spud Winters-2 development well in Polk County, Texas, in the next few days. Says drilling is scheduled to take seven to ten days, with a further update due upon completion. The turnkey aggregate cost for drilling the well is expected to be around USD700,000, the company says. Holds a 29% stake in the Winters lease through its acquisition of lease operator Nadsoilco LLC. Notes the sale of 969 barrels of oil in the last 12 months from the Winters-1 well.
Current stock price: 0.15 pence, down 3.4% on Wednesday
Year-to-date change: up 2.0%
By Scarlett Butler; scarlettbutler@alliancenews.com
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