To read all the latest announcements on the NZX website - Click here


Mosman spuds first well at Kotuku prospect

Dear Aorere Resources shareholder,

The following announcement was filed with NZX a few minutes ago and will be released before the market opens on Monday.



Chris Castle

Managing Director

Aorere Resources Limited


Cell: +64 21 558 185




7 June 2014

NZX Announcement

Mosman spuds first well at Kotuku prospect

Aorere Resources Limited holds approximately 15.8% of AIM listed Mosman Oil and Gas Limited.   This shareholding has a present market value of NZD 2.4 million and represents 34% (at market value) of the Aorere portfolio.   Mosman released the following announcement in London last night.


Chris Castle, Managing Director

Aorere Resources Ltd

6 June 2014

Mosman Oil and Gas Limited

("Mosman" or the "Company")

 Petroleum Creek Drilling Commences

 Mosman Oil & Gas (AIM: MSMN), the New Zealand and Australia focused oil exploration and development company, announces that drilling has started (spudded) today, on the first of its three planned wells in the 2014 drilling programme, at its Petroleum Creek Project in New Zealand.

 On the first well, Cross Roads-1, Mosman plans to test Eight Mile and Cobden Limestone formations known to contain oil in offset wells.  The well is being drilled vertically from a newly constructed well pad to an expected total depth of 400 m.

 Mosman plans to release weekly drilling updates over the coming weeks.

 John W Barr, Executive Chairman of Mosman commented: "We are pleased to commence drilling at Petroleum Creek so soon after the March 2014 IPO. The Board will meet onsite next week to review progress and also to meet with local contractors and stakeholders who have greatly assisted Mosman achieving this first milestone."