MOS 0.00% 16.5¢ mosaic oil nl

Is this the AFR article you were referring to?Oil and gas...

  1. 387 Posts.
    Is this the AFR article you were referring to?

    Oil and gas company Mosaic Oil is cashed up to pursue the strategy of managing director Alex Parks after it raised $10.9 million in a placement at 11.5¢ per share. Shareholders can top up their holding with up to $15,000 in new shares, also at 11.5¢ each. Mr Parks, who joined Mosaic in mid-August, plans to focus the company's efforts in Queensland's Surat and Bowen basins on maximising the production of oil, condensate and LPG. Mosaic is also maturing a number of exploration targets in South Australia's Cooper-Eromanga Basin and in New Zealand. Mr Parks also wants to secure a joint venture partner over Mosaic's depleted reservoirs in the Surat Basin by the end of the year. Mosaic believes the reservoirs would be perfect for storing ramp-up gas for the region's liquefied natural gas developments.
 
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Currently unlisted public company.

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