Mosaic Energy Ltd.

Mosaic is an intermediate-sized private company that is focused on the horizontal development of resource-style oil and gas reservoirs in the Western Canadian Sedimentary Basin. The company has significant land ownership in several high impact plays including:

- the liquids-rich Montney natural gas, the Dunvegan light oil and the high rate Wilrich natural gas plays in Jayar and Latornell (Alberta Deep Basin)
- the liquids-rich Glauconite natural gas play in the Gilby area

Although much of Mosaic's potential has been de-risked by successful drilling, Mosaic is still in an early stage of development of its asset base, particularly in Jayar/Latornell where the pace of development has been restricted by limited access to processing and transportation facilities.

2014 and 2015 will see Mosaic direct most of its capital to the multi-zone development of its Jayar area, in particular to the Montney, with a target for a doubling of corporate production timed to the start-up of Mosaic's infrastructure expansion in Q4 2015.

 

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