Petsec Says Vermilion 258 Well Encounters Gas

Petsec Energy reports that its Vermilion 258 #G-3 development well in the Gulf of Mexico has reached total depth and encountered one hydrocarbon bearing sand having an estimated 3 to 3.5 meters (10 to 12 feet) of net gas pay. Production casing will be set prior to suspending the well for future completion.

Petsec will drill a second well from this location, the Vermilion 258 #G-7 well, which is expected to spud within the next 2 – 3 days.