Mosaic Oil NL (ASX:MOS) Successful In Joint Bid For Exploration Permit In The Onshore Taranaki Basin, New Zealand

  Sydney, Australia, Sept 23, 2008 - (ABN Newswire) - Mosaic Oil NL (ASX:MOS)(PINK:MSAOF) is pleased to advise that the Company has been successful in a joint bid with L & amp;M Petroleum (ASX: LMP) in being awarded Permit PEP 51151 onshore Taranaki Basin, New Zealand. LMP will be operator for the joint venture, and both Mosaic Oil and LMP will each hold a 50 percent interest in the permit.Highlights:  

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