This statement provides an overview of the Company’s risk management policies and its compliance and control systems.
Recognising that there are inherent risks associated with oil and gas exploration the Board is responsible for overseeing the risk management activities of the Company.
The management of risk is necessary to protect the Company’s personnel, assets and reputation as well as the environment. It is also vital for effective business operation, achievement of objectives, reliable reporting and compliance with laws and regulations.
The implementation of the risk management controls and their effectiveness is the ultimate responsibility of the Board. The Board has implemented a combination of internal policies and procedures and engages external auditors to achieve an appropriate level of risk management and monitor developments in this regard.
Mosaic Oil Risk Management Statement as at August 2007
Internal Policies and Procedures - Financial Statements
Occupational Health and Safety - Environment and Cultural Heritage