Petsec Spuds Second Mobile Bay Well

Petsec Energy says that the second well in a two to three well drilling program at the company's Mobile Bay leases in the Gulf of Mexico was spud on October 29, 2006.

The drilling program is being conducted on the Mobile Bay 950, 951 and 873 leases which are located approximately 160 kilometers east of New Orleans and will target a total of 6-10 bcfe of gas net to Petsec (after payout).

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