EXPLORATION

Mosaic secures control of Churchie

MOSAIC Oil expects to see immediate benefits from its acquisition of Santos's interests in the Churchie field and its associated facilities for a total of $A7 million.

"The acquisition will be earnings per accretive from day one and has significant upside for the shareholders of Mosaic Oil," Mosaic managing director Lan Nguyen, who will leave the company on May 9, said....

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