Business
Vecta Project Drilling Commenced
Vecta Project Drilling Commenced.
About this update from Quantum Helium Limited
[{"type":"text","content":"\n\n\n14 May 2025\nMosman Oil and Gas Limited\n(\"Mosman\" or the \"Company\") \nVecta Project Drilling Commenced\nMosman Oil and Gas Limited (AIM:MSMN) the helium, hydrogen and hydrocarbon exploration, development and production company, is pleased to announce the spudding of the first exploration well of a five well programme in the Vecta Project, Las Animas County, Colorado, US.\n \nHighlights\n\n\n\n\n\n· \n\n\nDrilling has commenced and surface casing set.\n\n\n\n\n· \n\n\nThe Barclay-TH 295 106A well will test the Lyons Sandstone formation at the Billy Goat lease area (\"AMI\"), with a planned total depth (\"TD\") of circa 800ft in the Lyons Sandstone.\n\n\n\n\n· \n\n\nDrilling will continue to determine top of Lyons formation, and then to TD.\n\n\n\n\n· \n\n\nGas will be tested to determine concentrations of gases, including helium.\n\n\n\n\n· \n\n\nWireline logging will be conducted at TD to determine the reservoir and gas/fluid properties.\n\n\n\n\n \nVecta Project (90% interest in Billy Goat, 20% working interest in other areas)\n \nThe Vecta Project is operated by Vecta and is located in Las Animas County, close to the Red Rocks helium producing field, and Blue Star Helium's Galactica development project. Helium concentrations of up to 11% have been encountered in offset wells and fields in the area, with the closest well, Texaco Cynthia True-1, flowing 8.8% helium from the upper Lyons sandstone.\n \nA total of five wells are planned to be drilled in this drilling campaign, testing five individual structural closures.\n \n\n \n \n \n \n \n \n \n \n \n \n \n \n\nLocation Map illustrating the five prospects identified by surface mapping within the Project Area (Courtesy of Vecta Oil and Gas Ltd.).\n \n \nAndy Carroll, Chief Executive Officer of Mosman, said: \"The drilling of this Billy Goat well is exciting given the excellent lease position in a proven area of helium development and production\n \n\"Each well location has been carefully selected by the very experienced team at Vecta and we believe each well has an excellent chance of discovering helium. The low-...