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Underground Gas Storage
Underground gas storage has the potential to play a significant role in Queensland, both for the burgeoning Queensland coal seam gas (CSG) to LNG business and, over a longer-term time frame, for other local storage applications.
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Surat-Bowen Basin
In its core asset area in Queensland’s Surat-Bowen Basin, Mosaic now has a dominant acreage position covering the Permo-Triassic oil and gas trend within the depth range from 1,900 to 2,700 metres.
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Mosaic Owned Infrastructure
Mosaic has extensive infrastructure in Queensland which includes ownerships of the Silver Springs gas-liquids processing facility (100% MOS) and gathering network; Wallumbilla LPG Plant and Pipeline...
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Welcome to Mosaic Oil
It has been an eventful second half for Mosaic Oil. Full ownership of Churchie Field capped off another good third quarter for Mosaic Oil as the company increased production in the Surat-Bowen Basin and delivered another strong quarterly result, and the final quarter for FY09 was capped off by a 100% success rate on the year’s Drilling Program. This outstanding result was achieved with all wells targeted during the calendar year to date encountering hydrocarbons and being completed as producing wells (Churchie-11, Waggamba 5H, Taylor 20 and Taylor 22).With this success, Mosaic Oil is well positioned to continue to deliver on the Company’s focus to unlock shareholder value through accelerated drilling campaigns designed to move 2P and 3P gas into commercial production.
In the Surat-Bowen Basin, a new exciting business opportunity, the underground gas storage in the Silver Springs-Renlim gas field, the largest gas field in south east Queensland, has progressed well. Mosaic has 100% ownership of the Silver Springs-Renlim field and other nearby partially depleted gas and oil fields which could become underground gas storage and/or carbon capture storage facilities in the future. The Silver Springs-Renlim field has the potential capacity to store up to 80PJ of gas for any prospective LNG ramp-up production.
Latest News
- 18 Feb 2010
Fracture Stimulation Planned for Churchie 1 Well in March.
- 13 November 2009
Mosaic's Share Purchase Plan raises $10.3 million.
- 2 November 2009
Mosaic's Quarterly Report shows that the September 2009 quarter sees the start of a new chapter for the Company.
- 5 October 2009
Mosaic Oil has successfully raised $10.9 million by way of a placement of 94.74 million shares at 11.5 cents.
- 31 August 2009
Mosaic Oil has announced a net profit after tax of $2.6 million for the year ended 30 June 2009 after allowing for impairment of $2.5 million for exploration and development assets and a provision of $1.7 million. The solid financial result was based on a strong operational performance with increased production of gas, gas liquids and oil.
- 18 August 2009
The Board of Mosaic Oil is pleased to announce the appointment of Mr. Alex Parks as Chief Executive Officer effective from 18th August 2009.
