Petsec Scoops Up 8 Blocks in GOM

Petsec Energy announced it was the apparent high bidder on eight lease blocks at the Central Gulf of Mexico Lease Sale 213 held in New Orleans, Louisiana. Petsec submitted four (4) sole (100%) bids and four (4) joint bids with another company.

Lease Bid Amount in US$ Working Interest Petec Share in US$
Main Pass 273 $1,166,500 50% $583,250
Main Pass 274 $178,500 50% $89,250
Breton Sound 39 $168,840 75% $126,630
Breton Sound 42 $562,500 50% $281,250
Main Pass 18 N/2 $76,900 100% $76,900
Main Pass 132 $158,900 100% $158,900
Ship Shoal 36 $158,900 100% $158,900
Ship Shoal 74 $127,900 100% $127,900

 

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