Mosaic Oil NL
Stock Code
Stock Exchange
Mosaic Oil NL (MOS) is a junior oil and gas exploration and production Company, with operations in Australia, New Zealand and Papua New Guinea. MOS floated on the Australian Stock Exchange on 23rd February, 1989. MOS is also listed on the New Zealand and Port Moresby Exchanges. During the fiscal year ended June 30, 2008, the oil production of Mosaic was 409,156 barrels of oil equivalent (BOE). The Company holds substantial producing assets in the highly rich Surat and Bowen basins of south east Queensland.
Australian oil and gas explorer Mosaic Oil (ASX:MOS) has accepted a takeover offer by AGL Energy (ASX:AGK), valuing Mosaic at $130 million. The board of directors recommended the offer unanimously. The bidder had sweetened the deal at 15 cents per share or 1.01 AGL share on every 100 fully paid Mosaic stocks.
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