Mosaic Oil extends gas supply contract with CS Energy November 30, 2009

Australian oil and gas producer, Mosaic Oil N.L. (ASX: MOS) has executed an agreement with CS Energy to extend a key gas sales contract for a period of three years.

Mosaic Oil has extended its five year gas supply contract with Queensland power generator CS Energy for a further three years from 1 April 2010 at a rate of up to 4PJ per annum. Pricing arrangements remain linked to the original agreement and thus provide an assured revenue stream for Mosaic.

Click here to view the full announcement.

For further information contact:

Mosaic Oil: Alex Parks – CEO on +61 2 9247 9324
Media: Bill Kemmery – Fortbridge on + 61 (0)400 122 449 – bill.kemmery@fortbridge.com