Petsec Spuds Mobile Bay 993 Well

Petsec Energy reports that the first well at Mobile Bay 993 in the Gulf of Mexico was spud on December 21, 2006

This is the first well in a one to three well drilling program being conducted on the Mobile Bay 993 and 994 leases which are located approximately 160 kilometers east of New Orleans and adjacent and to the south of the recent gas discoveries made in Mobile Bay 950 and 951. The program will target a total of 5-7 bcfe of gas net to Petsec (after payout).

Petsec Energy Ltd is an independent oil and gas exploration and production company listed on the Australian Stock Exchange. Its focus of operations is on gas in the shallow waters of the Gulf of Mexico and onshore Louisiana Gulf Coast region of the USA, and on oil in the shallow waters of the Beibu Gulf off the south coast of China

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