OPERATIONS

Taylor well flows gas

MOSAIC Oil's Taylor-18 well in the Surat Bowen Basin has flowed at a stabilised rate of 4.6 milli...

Taylor well flows gas

"This flow rate is consistent with the stabilised flow rate seen in other gas wells in the Taylor field," managing director Lan Nguyen said.

Taylor-18, which has been completed for production, will be connected to the Silver Springs gathering system by the end of June.

Mosaic has a 100% interest in PL-49.

Meanwhile, preparation for drilling the Waggamba-5H well in PL 202 is complete.

The Century Rig 7 will be moved to the Waggamba-5H site once it is released from the company's nearby Armstrong-1 well, which is running wireline logging operations.

Partner CS Energy has paid $3.5 million to fund well drilling, completion and tie-in costs, entitling it to 50% of gas production and 35% of free oil and condensate production from the well.

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