MOS has appointed a new director- this is to assist in the...

MOS has appointed a new director- this is to assist in the commercialisation of the new UGS project - once this project is up and running, it will generate a good cash flow for MOS - this is a company changing project in terms of potential revenue.

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MOSAIC OIL APPOINTS DR JOHN ARMSTRONG AS A DIRECTOR

“Mosaic Oil is increasing its emphasis on exploration and corporate growth activities in Australia and New Zealand, maximising production and commercialisation of substantial reserves in Queensland, as well as progressing the company's underground gas storage project. We are looking forward to Dr Armstrong’s contribution as we advance this strategy for growth on behalf of shareholders," Mr Herlihy said.