Sydney, Dec 1, 2008 AEST (ABN Newswire) - 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.
Following a successful 2008 Drilling Program in the Surat-Bowen Basin, Mosaic Oil NL (ASX MOS) have advised shareholders at their recent AGM that the company is forecasting a 27 per cent increase in production for FY29009: increasing to 520,000 barrels of oil equivalent (BOE) up from around 409,000 BOE in FY2008.
As a result, Mosaic Oil is also forecasting a significant uplift in revenue of up to 40 per cent: FY2009 forecast of up to $30.0 million compared with $21.7 million in FY2008, and is forecasting up to a 50 per cent increase in EBITDA for FY2009, increasing up to $12.0 million from $8.0 million in FY2008.
To listen, simply click on the link below:
http://abnnewswire.net/lnk/3E24JZGL
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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