Sydney, Mar 27, 2008 AEST (ABN Newswire) - Mosaic Oil (ASX: MOS)(PNK: MSAOF) present the 2008 Surat-Bowen Basin Activities - QPEX Presentation dated 27 March 2008.

An overview of the 23 page presentation follows:

2008 Calendar Year in Summary
Accelerating activity building shareholder value

- A clear focus on delivering growth from Mosaic Oil's Surat-Bowen Basin assets:

-- Fully funded with a continuous drilling program in Surat-Bowen Basin alread underway in a region where Mosaic Oil has a record of success

-- Continue selective farm-out strategy as part of Mosail Oil's effective capital management and risk management

-- Ongoing production maximisation of existing fields and facilities

-- Evaluation of MOS acreage CSM potential

- Ongoing commitment to new exploration and new projects

-- Including domestic and regional (Asia) opportunities

For the full 2008 Investor Presentation, please visit:
http://www.abnnewswire.net/publicdocs/mos_presentation.pdf

To visit the Mosaic Oil website for more information, please visit:
http://www.mosaicoil.com

For the latest Stock Exchange announcements and additional information, please vist the Australian Stock Exchange:
http://www.asx.com.au

Contact

Mosaic Oil:
Lan Nguyen
Managing Director
TEL: +61-2-9247-9324
Web: www.mosaicoil.com

Media:
Fortbridge
Bill Kemmery
TEL: +61-2-9331-0655
MOB: +61-400-122-449


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