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 volume 13, issue #10 - Tuesday, June 03, 2008

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Petsec Energy announces test results of Louisiana well

29-04-08 Australian oil and gas company Petsec Energy announced test results for its MA-3 RB SUA Virginia Geason No. 1 gas discovery well, made in the Moonshine Project area, onshore Louisiana, USA.
The well flowed at a rate of 3 mm cf of gas and 70 barrels of condensate per day on a 13/64-inch choke with 2,700 psi flowing tubing pressure.

The company is currently acquiring production equipment and coordinating operations to connect the well to a gas sales line, and anticipates initial production in two to three months.
Petsec Energy owns an 80 % working interest (74 % net revenue interest) in the Virginia Geason No. 1 Well, and is the operator.

Source: www.rigzone.com / Petsec Energy



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