Mosaic Oil to commence Fracture Stimulation Program in April March 29, 2010

Australian oil and gas producer, Mosaic Oil NL (ASX: MOS) has announced that preparations are being finalised for the Hydraulic Fracture stimulation (“frac”) of the Churchie-1 well within the Churchie Field, PL 192, Surat-Bowen Basin, Queensland.

Field operations are now scheduled to commence around mid-April 2010.

This work, now underway, is the first stage of a wider program aimed at enhancing gas flows from the Churchie Field and other tight reservoirs in the Surat-Bowen Basin.

Click here to view the full announcement.

For further information, please contact:

Mosaic Oil: Sally Highducheck
Investor Relations Assistant
+61 2 9247 9324
shighducheck@mosaicoil.com

Media:
Fortbridge +61 2 9331 0655
Bill Kemmery
Mob +61 400 122 449
bill.kemmery@fortbridge.com