As a result of the positive results of the well to date, Petsec will drill the Vermilion 258 #2 well following the #1 well. The Vermilion 258 #2 well will test five sands with unrisked mapped potential of 12.5 billion cubic feet of gas net to Petsec.
The Vermilion 258 #1 well is located 65 miles south of Cameron Parish, Louisiana in 138 feet of water. The well was drilled by Transocean's jackup, RBF 251. Petsec has a 100% working interest in the well.
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