Australian oil and gas company Petsec Energy Ltd announced test results for its MA-3 RB SUA Virginia Geason No. 1 gas discovery well, made in the Moonshine Project area, onshore Louisiana, USA.
The well flowed at a rate of 3 million cubic feet of gas (MMCFD) and 70 barrels of condensate (BCPD) per day on a 13/64-in. choke with 2,700 psi flowing tubing pressure.
The company is currently acquiring production equipment and coordinating operations to connect the well to a gas sales line, and anticipates initial production in two to three months.
Petsec Energy owns an 80% working interest (74% net revenue interest) in the Virginia Geason No. 1 Well, and is the operator.
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