"We have a short-term problem with gas sales. The Queensland gas market is weak and will begin to strengthen in 2005 with increased gas sales to electricity consumers. Large gas contracts also come up for renewal in the period 2005 to 2007. In the meantime Mosaic will aim to increase oil production. The Company has the gas contract to supply energy to the LPG Plant at Wallumbilla and is now looking for other spot sales. The near term outlook is poor and could effect our June 2004 result particularly if there is no increase in oil production."
MOS Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
