MOS 0.00% 16.5¢ mosaic oil nl

Mosaic oil

  1. 1,669 Posts.
    Whats with this company?Record oil production.
    Now using Canadian, newer and more sophisticated oil search equiptment.Spudding 100% owned well later this month.Associated with the great Santos.But currently of little interest.WHY is it so???


    Drilling Programme Update

    MOSAIC OIL NL 2002-07-23 ASX-SIGNAL-G

    HOMEX - Sydney

    +++++++++++++++++++++++++
    As previously announced, Mosaic has the right to drill one more sole
    risk well - Norkam 1 in the Churchie - Noorindoo complex. Norkam 1 is
    due to be spudded late August/early September 2002.

    Following completion of Norkam 1, Mosaic will be drilling Tinker 5 in
    PL16 in the Silver Springs area.

    Both wells will be drilled by Century Drilling Rig No 5 utilising
    Nitrogen as proved successful in the recent drilling of Churchie 3.

    Interest in Norkam 1 well: Mosaic 100%
    Interests in ATP471P Myall Block: Mosaic Oil 49% (Operator)
    Santos Group 51%
    Interest in Tinker 5 - PL16: Mosaic 100%


    S C McDowell
    COMPANY SECRETARY.



 
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