Nguyen has extensive oil and gas industry experience, including 11 years with Mosaic. He is internationally acclaimed for his expertise with nitrogen drilling and underbalanced horizontal coiled tubing drilling, both of which he introduced successfully to Mosaic Oil and Australia.

He is credited with the development of the large stratigraphic trap concept in the Permian Tinowon Sandstone that applies to Churchie, Myall Creek and Waggamba.

Nguyen holds a Master of Science (Petroleum Geology, Research) from the University of New England, and a Degree in Mining Engineering-Geology (majoring in petroleum exploration & production) from the Institute of Oil and Chemistry, Baku - USSR.

Nguyen said, "I am very pleased to accept this appointment at such an exciting stage of development for the company. Overall Mosaic's oil/condensate and LPG sales are well ahead of previous years due predominantly to the Churchie gas production.

Mosaic would continue to benefit from Churchie production and it aimed to maximise the contribution from Tinker, Taylor and Silver Springs hydrocarbon fields, according to Nguyen.

"In addition, we are optimistic about the prospects for revenue growth from oil, condensate and gas produced from the newly connected Waggamba Field," he said.

"Together with Mosaic’s management and technical team, I intend to fully exploit our knowledge and expertise in exploration and underbalanced drilling to extract maximum return from all of our gas and oil assets.”

Nguyen also noted the potential of the Hurricane-1 well gas discovery in Northwest Shelf Western Australia, in which Mosaic has a 6% interest.

“Whilst it is early days, the well encountered a 76 metre gross column and the possibility of an oil leg down-dip of the Hurricane-1 well location is real," he said.

"This is very encouraging news for Mosaic Oil”.