Petsec Energy Ltd., Lafayette, La.,
(Australia: PSA; Pink Sheets: PSJEY)
plans to acquire a 20% interest in a drilling
program that includes a three-well commitment
in Terrebonne Parish, La.
Gross reserves are 58.3 billion cubic
feet of gas and 1.8 million barrels of oil for
total net reserves of 8.8 billion cubic feet
of gas equivalent.
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