OilVoice - Petsec Announces First Sales From Louisiana Gas Discovery

Petsec Announces First Sales From Louisiana Gas Discovery

Tuesday, February 17, 2009

Petsec Energy has announced initial production to sales from its Miles Timber No. 1 (FAL-MA 1 RA SUA) gas discovery well in the Moonshine Project area, onshore Louisiana, USA.

The well is producing at a rate of 1.5 million cubic feet of gas (MMCFD) and 75 barrels of oil (BOPD) per day and no water on a 7/64" choke with 4,750 psi flowing tubing pressure.

Petsec Energy owns a 68% working interest in the Miles Timber No. 1 Well, and is the operator.