Following a review of the prospectivity of PL 15 (Petroleum Lease) in the Surat-Bowen Basin in south east Queensland, Bow identified the Jawsone Prospect as its leading contender for drilling as the farm-in earning well. The Jawsone Prospect will target the oil potential in the Middle Triassic Showgrounds Sandstone.
Jawsone-1 is expected to be drilled in the first half of 2007.
This deal continues Mosaic's progressive farm-out strategy to accelerate exploration and production in its lease areas in Queensland's Surat-Bowen Basin, Australia.
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