Petsec Clinches Another GOM Lease

Petsec offered the winning bid, US $158,900, for a lease on Main Pass Block 132 in the Gulf of Mexico. The lease, which Petsec will solely own, is located in about 157 feet (48 meters) of water and contains the Gazelle prospect with un-risked reserve potential of 30 to 60 Bcfe. Petsec was the high bidder at the Central Gulf of Mexico Lease Sale 213 on March 17, 2010.

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