Mosaic Oil Nl

Mr Scott Brown is the currently Chief Financial Officer of Mosaic Oil NL (ASX: MOS), a listed production and exploration company with an extensive range of production and exploration permits in Queensland. Scott has an extensive background in finance and the management of public companies. Prior to Mosaic Oil NL, Scott was Finance Director of Objective Corporation Limited, an enterprise content management (ECM) software company that has established itself as one of the leaders in the ECM market, where it has been a consistent winner against international competition. Scott was instrumental in guiding Objective through the process of listing on the ASX.

The Australian market fell for an eighth straight session on Thursday and closed at its lowest level in 11 months. The market opened lower after Wall Street fell on disappointing employment data in the US. Sentiment was dented further as a fall in China's purchasing managers' index for June raised concerns of a slowdown in Chinese economy. At the close, the benchmark S&P/ASX200 index slashed 64 points, or 1.49 per cent, at 4237.5 points. The broader All Ordinaries index was down 62.1 points, or 1.44 per cent, at 4262.7.

FINANCE VIDEO: Mosaic Oil (ASX:MOS) CEO Alex Parks at Resourceful Events Oil and Gas Conference

Overnight the US stocks slid over disappointing data in regional economy, as well as worries on the crucial data ahead including personal income, consumer spending, weekly jobless claims, manufacturing and home sales.

Mosaic Oil NL (ASX:MOS)(PINK:MSAOF) has today signed an agreement with Santos Ltd (ASX:STO) to acquire Santos' interest in several production licences with the associated pipeline licences, production facilities, gas sales contracts and exploration permits in the southern Surat-Bowen Basin. The agreement has an effective date of 1 January 2009.

Mosaic Oil NL (ASX:MOS)(PINK:MSAOF) The principal activities of the consolidated entity during the half year were the production, development and exploring for oil and gas. There was no significant change in the nature of the consolidated entity's activities during the half year.

Australian oil and gas producer, Mosaic Oil NL (ASX:MOS)(PINK:MSAOF) today announced a record interim result for net profit after tax of A$3.117 million for the half year ended 31 December 2008, an increase of 39.4% on last year's result for the corresponding period. The favourable result was based on a continuation of the Company's solid operational performance over the last 4 years.

Mosaic Oil NL (ASX:MOS)(PINK:MSAOF) provides the opportunity to listen to an audio broadcast with Mr Lan Nguyen, MD in a presentation titled "MOS - December 2008 Quarterly Report and Operations Outlook - Mr Lan Nguyen, MD".

Mosaic Oil NL (ASX:MOS)(PINK:MSAOF) remains on-track to implement the Company's strategy of accelerated growth with consistent production increases recorded during the December 08 Quarter. Despite the impact of lower oil prices, increased production in the Surat-Bowen Basin has helped the Company to deliver another strong quarterly result.

Mosaic Oil NL (ASX:MOS)(PINK:MSAOF) audio interview with Mr Lan Nguyen, Managing Director of Mosaic Oil to discuss the company's performance for FY2008 and its outlook for FY2009.