Petsec Drills Second Well at Main Pass 19

Petsec Energy Limited has spud the Main Pass 19 #2 well in the Gulf of Mexico.

The new well, located 80 miles southeast of New Orleans, is the second in a program of two to three wells to be drilled from the same location to test mapped potential of approximately 12 billion cubic feet to 15 billion cubic feet equivalent of natural gas (net to Petsec).

Drilling of the Main Pass 19 #2 well follows the announcement earlier this week that the first well, Main Pass 19 #1 had resulted in a commercial gas discovery.

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