Mosaic prepares Churchie-11 for wireline logging May 27, 2009

Mosaic Oil NL (ASX: MOS) announced today that its Churchie-11 gas/condensate development well (PL 192, Surat-Bowen Basin, Qld, MOS-100%) reached a Total Depth (TD) of 2192 metres at 11:30 hours on 26th May.

At 06:00 hours on 27th May 2009, preparations were underway for wireline logging of the well. Following logging, Churchie-11 will be completed and tied into the Churchie plant, located approximately 700 metres from the well.

Click here to view the full announcement.

For further information, please contact:

Mosaic Oil: Tim Peterson – Acting Chief Executive Officer on 02 9247 9324
Media: Bill Kemmery – Fortbridge on (02) 9331 0655, mob 0400 122 449, email bill.kemmery@fortbridge.com