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MOSAIC OIL RAISES FUNDS ON NEW GAS PROJECT.
SYDNEY, Dec 1 Asia Pulse - Mosaic Oil Ltd (ASX:MOS) is set to benefit from a $A6 million ($US4.33 million) cash injection after a new gas project showed promising yields.
Institutional investors on Friday took a placement with the company at 18 cents a share.
The company said the placement came after its Tinker 3H project showed gas output estimated at 20 million cubic feet per day.
Mosaic advised the market that the Tinker complex, covering 40 square kilometres, was estimated to hold approximately 60 billion cubic feet of proven, probable and possible reserves.
"The quality of ...
- MOSAIC OIL LOCATES NEW GAS FIELD IN SOUTH-WEST QUEENSLAND.
- News wire article from: AsiaPulse News March 26, 2001 700+ words
PERTH, March 26 Asia Pulse - Mosaic Oil NL (ASX:MOS) today said testing of its Downlands East well has revealed a new gas field in south-west Queensland. "Testing indicates a new field discovery 2.5 kilometres to the north-east of the...
- AUSTRALIA'S MOSAIC OIL ANNOUNCES NEW GAS STRIKE IN SURAT BASIN.
- News wire article from: AsiaPulse News December 4, 2003 700+ words
BRISBANE, Dec 4 Asia Pulse - Gas and exploration company Mosaic Oil NL (ASX:MOS) has announced a second strike in a week at its Tinker deposit, in south-east Queensland's Surat Basin. The...
- AUSTRALIA'S MOSAIC OIL EXPECTS TO DOUBLE OIL REVENUE THIS FY.
- News wire article from: AsiaPulse News September 8, 2004 700+ words
...Asia Pulse - Oil and gas explorer Mosaic Oil NL (ASX:MOS) expects to double...The company's discovery of a new gas province in Queensland had propelled...contracts were projected to bring Mosaic Oil's revenue to more than $A14 million...
- Australia : Mosaic Oil raises $10.9 milllion through placement.
- News wire article from: TendersInfo October 6, 2009 700+ words
Australian oil and gas producer, Mosaic Oil N.L. has successfully raised $10...Share Purchase Plan (SPP) for existing Mosaic Oil shareholders at the same price, representing...discount of approximately 17% to the Mosaic Oil share price at the close of trading on...
- Australia : Mosaic Oil Placement raises $10.9 milllion.
- News wire article from: TendersInfo October 6, 2009 700+ words
Australian oil and gas producer, Mosaic Oil N.L. advises that the company has...Share Purchase Plan (SPP) for existing Mosaic Oil shareholders at the same price, representing...discount of approximately 17% to the Mosaic Oil share price at the close of trading on...
- Cracks appear in Mosaic plan.(Mosaic Oil)(Brief Article)
- News wire article from: Australasian Business Intelligence February 22, 2005 700+ words
...amp; Gas Gazette - ABIX via COMTEX) Mosaic Oil is experiencing mixed fortunes with its...the failure of its Whinstanes well. Mosaic Oil is hopeful that this will not affect...coast of Western Australia, in which Mosaic Oil has a six per cent stake, has reported...
- Mosaic Oil shares "undervalued".
- News wire article from: Australasian Business Intelligence June 25, 2002 700+ words
ABIX via COMTEX) -- Australia's Mosaic Oil claims that recent discoveries in Queensland...50 per share. The estimate helped Mosaic Oil shares rise $A0.01 to $A0.23 on...2002. Publication Date: 25 June 2002 MOSAIC OIL NL - ASX MOS All copyright subsisting...
- Australia: Mosaic Oil raises $10.3 million through Share Purchase Plan.
- News wire article from: TendersInfo November 13, 2009 700+ words
Byline: manish03 Mosaic Oil NL (ASX: MOS) advises that its...participated in the SPP. Alex Parks CEO of Mosaic Oil said: The Company is delighted with...institutions will be used to finance Mosaic Oil s exploration and development plans...