Petsec Begins 3-Well Drilling Program in Louisiana

Petsec Energy reports that the first well of a three well program has commenced on the onshore Louisiana project, south of Lafayette.

The first well is a sidetrack of a previously productive well and will target the gas sands in an adjacent fault block.

Petsec is earning a 25% working interest (17.5% net revenue interest) in a 1000-acre tract by participating in the three wells which will target three separate fault blocks.