Mosaic Oil (ASX: MOS) 2008 Surat-Bowen Basin Activities UpdateThursday March 27 10:42 PMAn overview of the 23 page presentation follows: 2008 Calendar Year in Summary Accelerating activity building shareholder value - A clear focus on delivering growth from Mosaic Oil's Surat-Bowen Basin assets: -- Fully funded with a continuous drilling program in Surat-Bowen Basin alread underway in a region where Mosaic Oil has a record of success -- Continue selective farm-out strategy as part of Mosail Oil's effective capital management and risk management -- Ongoing production maximisation of existing fields and facilities -- Evaluation of MOS acreage CSM potential - Ongoing commitment to new exploration and new projects -- Including domestic and regional (Asia) opportunities For the full 2008 Investor Presentation, please visit: http://www.abnnewswire.net/publicdocs/mos_presentation.pdf To visit the Mosaic Oil website for more information, please visit: http://www.mosaicoil.com For the latest Stock Exchange announcements and additional information, please vist the Australian Stock Exchange: http://www.asx.com.au About MOSAIC OIL NL: Mosaic Oil N.L. (ASX: MOS.AX) is a successful junior Australian explorer and producer of oil and gas. The Company's principal producing assets are based in the highly prospective proven producing Surat and Bowen basins of southeast Queensland. Mosaic's focus on Queensland now involves accelerated evaluation of the Company's extensive exploration and production acreage, ongoing development of new commercial petroleum plays and discoveries similar to the basin-centred hydrocarbon plays in the Canadian Deep Basin of Alberta and American Rocky Mountain area of Wyoming, and greater use of the Company's own extensive production infrastructure. Contact: Mosaic Oil: Lan Nguyen Managing Director TEL: +61-2-9247-9324 Web: www.mosaicoil.com Media: Fortbridge Bill Kemmery TEL: +61-2-9331-0655 MOB: +61-400-122-449 Source: MOSAIC OIL NL Copyright (C) 2008 ABN Newswire. All rights reserved. |
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