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.
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