Petsec Discovers Gas at WC 343

Petsec Energy has drilled the West Cameron 343 #A-19 well to target depth and encountered two hydrocarbon bearing sands with a total of 32 feet of net gas pay.

The West Cameron 343 #A-19 well is located 50 miles south of Cameron Parish, Louisiana in the Gulf of Mexico.

Production casing has been set prior to the well being completed for production. No reserve estimates are currently available; however, the well results are consistent with the pre-drill mapped potential of 2 billion cubic feet (gross) of natural gas.

Petsec has a 100% working interest in the well.