Mosaic is offering up to a 50% interest in ATP 471P (Dalkeith & Rocky Creek East blocks) and ATP 709P (Parts 5 & 6) in exchange for promoted funding of exploration and appraisal work aimed at accelerating gas and oil production from the area.

The proximity of Mosaic-owned gas treatment and export infrastructure means that any hydrocarbon discovery can be brought into production quickly and cost-effectively, the company says.

“Nearby oil and gas fields attest to the good petroleum prospectivity of the area,” said Mosaic exploration manager Barry Smith.

“Farm-in participants would be provided with early cash flow due to high oil price and a ready market for sales gas relating to any existing or new petroleum discovery.”

Contact Barry Smith on (61 2) 9255-7307 or bsmith@mosaicoil.com for further information.

Following tradition, the PESA Farm-in Seminar will be held on the Sunday morning before the conference. This year’s seminar will be held on Sunday, May 7, in Meeting Room 5 at the Gold Coast Convention and Exhibition Centre, Broadbeach, Queensland.

Company representatives will outline the technical and commercial aspects of their opportunities via short audio visual presentations. There will be time during and after the seminar to discuss additional details with interested parties in private.

Registration fees are $360 for presenters and $180 for viewers.

These fees also purchase a copy of the PESA 2006 Farm-in Seminar Report CD (containing details of all proposals presented), morning coffee and lunch, including drinks.

To make a presentation at the seminar, contact Wolfgang Fischer for details or register online (www.pesansw.com) by no later than Thursday, April 20. To attend as a viewer, register by Thursday, May 4.

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