Sydney, Oct 14, 2008 AEST (ABN Newswire) - Mosaic Oil NL (ASX:MOS)(PINK:MSAOF) is currently monitoring the well production performance at Taylor-19 with a view to increase the production flow rate.
Taylor-19 has been on production since 8 October 2008. The well is currently producing at a stabilised controlled rate of approximately 2.2 MMscfd (2.4 TJ/d) of gas with flowing wellhead pressure of approximately 1300 psi against pipeline pressure of 200 psi.
Waggamba-5H (MOS 50% Gas & 65% Free Oil/Condensate)
The remedial completion and testing operations have re-commenced today. Information on the initial clean-up flow operation will be released to the market when available.
Freneau-1 (ATP 709P - MOS 100%)
Mosaic Oil expects to commence the completion and testing operations at Freneau-1 in late October/early November 2008.
Downhole completion equipment for multiple zone completion operations is currently being sourced from overseas.
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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