EXPLORATION

Mosaic shifting into high gear

MOSAIC Oil is focusing its exploration efforts on the new ATP 1056P Taipan permit in the Cooper-Eromanga Basin and is hoping that fracture stimulation will allow it to scale up production from its Surat-Bowen Basin assets.

Chief executive Alex Parks told PetroleumNews.net the 3800-square-kilometre Taipan permit was located in a proven oil fairway where Victoria Petroleum, Beach Energy and Drillsearch Energy had been very...

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