Sydney, Sep 30, 2008 AEST (ABN Newswire) - Mosaic Oil NL (ASX:MOS)(PINK:MSAOF) Weekly Operations Update - Surat-Bowen Basin, Qld

Freneau-1 (ATP 709P - MOS 100%)

Freneau-1 was cased and suspended for future cased hole production testing program. MB Century rig 7 was released on 27 September 2008.

This is the final weekly update. Further operations update will be released to the market when testing information becomes available.

Contact

Mosaic Oil:
Lan Nguyen
Managing Director
Tel: +61-2-9247-9324

Media:
Bill Kemmery
Fortbridge
Tel: +61-2-9331-0655
Mob: +61-400-122-449


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