Gas and Oil Exploitation
in the UK North Sea
 Mosaic
Natural Resource was established in 2004 and is primarily
focused on acquiring and exploiting underdeveloped crude oil and
natural gas fields in the UK sector of the North Sea. The Company's
management team, formerly with Texaco Inc., brings together many
years of senior business and technical experience.
Management have offices in two locations
- Aberdeen and Houston. The dual locations facilitate access
to the Company’s key areas of operation and the intelligence
network in Houston which provides access opportunities.
Mosaic acquired its first asset in July 2005 from ExxonMobil. This
comprised a 100% interest in Block 49/29b, located in the southern
North Sea, which contained a fallow gas field, Tristan NW, with reserves
estimated at 30 bcf. The accumulation is approximately 8 miles from
existing infrastructure.
This is the first acquisition within
a buy and build strategy. Mosaic’s stated objective is
to commercialise 50 million barrels of oil equivalent reserves in five
years. Additional projects are currently being sought within
existing offshore infrastructure that will produce in a two to three
year time frame and deliver high returns.
 Mosaic believes it is ideally positioned to take
advantage of the UK North Sea market and has the following competitive
advantages:
- Major Company
Access - well known and highly regarded team.
- North Sea Experience - extensive experience in the North Sea.
- Focus - on fallow, commercial
opportunities within existing infrastructure in the UK continental
shelf.
- Creativity in Negotiations, Technology and Development
Planning – as
proven by acquisition of asset from ExxonMobil.
- Excellence in Subsurface
Resource Assessment
- Alignment with Service Providers – Mosaic
will take full advantage of its dual location both in Houston and
Aberdeen.
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