Petsec Strikes Gas with Second Louisiana Wel

The second well in Petsec Energy's onshore Louisiana drilling program has intersected two gas sands and will be completed for production. Operations to complete the well are expected to take several weeks, following which it will be connected into a nearby transportation pipeline. Petsec holds a net revenue interest of 17.5%.

The first well of the program has now been completed for production and is expected to be connected to the supply pipeline within a week.

The third well of the program is expected to spud within the next month.