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COLORADO, USA - Mosman Oil and Gas Limited (AIM:MSMN), an exploration, development, and production company focused on helium, hydrogen, and hydrocarbons, has announced the mobilization of a drilling rig at the Vecta project in Colorado, where it holds a 20% working interest.
The operator, Vecta Oil and Gas Limited, has positioned the rig at the Billy Goat lease, marking the beginning of a five-well drilling campaign. The first well targets the Lyons formation with a projected depth of 1,200 feet. Drilling is scheduled to begin after a crew break, on Sunday, May 13.
Andy Carroll, CEO of Mosman, expressed confidence in the project, citing Vecta’s experience and comprehensive data analysis in identifying prospects. He highlighted the significance of helium concentration and reservoir pressure in determining the wells’ production potential. One of the prospects is proximate to the historical Model Dome field, which had helium concentrations between 7-11%.
Carroll also noted the encouraging outcomes from nearby Blue Star Helium and Helium One projects. This information is based on a press release statement and is considered public following regulations.
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