MOS 0.00% 16.5¢ mosaic oil nl

Mosaic oil

  1. 1,669 Posts.
    News Story

    --------------------------------------------------------------------------------

    22/08/2002 09:36:45
    Norkam 1 - Weekly Drilling Report

    MOSAIC OIL NL 2002-08-22 ASX-SIGNAL-G

    HOMEX - Sydney

    +++++++++++++++++++++++++
    Today at 0600 hrs Eastern Standard Time Norkam 1 well was at 864
    metres and drilling ahead in 8.5" hole.

    Norkam 1 well is located in the Surat Basin, southern Queensland
    approximately 10 kms east of the Surat township in ATP471P - Myall
    Block and is located 6 kms south of Churchie 3.

    The Total Depth of thewell is 2220 metres and the Permian Tinowon
    target zone will be nitrogen-drilled to minimise any damage to the
    formation by drilling muds.

    INTEREST IN NORKAM 1 OPERATION

    Mosaic Group 100%

    INTEREST IN ATP471P - MYALL BLOCK

    Mosaic Group 49% (Operator)
    Santos Group 51%

    S C McDowell
    COMPANY SECRETARY



 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.