Mosaic Oil:- Mosaic Oil N.L. is an established and experienced, Sydney-based Australian oil and gas exploration and production company. Mosaic’s main production and exploration assets are located in the Surat-Bowen Basin in Queensland where the Company owns and operates production infrastructure, fifteen producing oil and gas fields and a comprehensive exploration portfolio. Mosaic is also active in a non-operator role in Papua New Guinea and offshore Western Australia. The Company is actively pursuing new venture opportunities with the objective of establishing another, active core exploration and production area outside the Company’s current Surat-Bowen Basin holdings.