Petsec Begins Production at WC 343/352 in the Gulf of Mexico

Petsec Energy has commenced natural gas production from its recent discovery wells on the West Cameron 343/352 leases offshore Louisiana in the Gulf of Mexico. Petsec drilled the West Cameron 352#A-14ST and West Cameron 343#A-19 wells from the A platform located on West Cameron 352 in September 2003. Both wells encountered net gas pay and were completed for production earlier this month. The five wells in the West Cameron field are now producing at a total of around 28 million cubic feet per day of gas equivalent. Petsec's share of the total is 15.8 million cubic feet per day.