Mosaic Oil has acquired more Permian oil and gas exploration and production acreage in southeast ...
Mosaic's interest in the Downlands Gasfields and related pipeline as well as the nearby Bainbilla exploration block of 456 sq.km has increased from 42 per cent to between 71% and 83%. Its interest in the Rocky Creek exploration block of 246km has increased from 41.67% to 100%.
Mosaic said it will now accelerate its research and drilling program in the area.
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