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.
MOS Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
