Petsec Energy says that it was awarded a lease on Main Pass Block 132, on which it was the high bidder at the Central Gulf of Mexico Lease Sale 213 held in New Orleans, Louisiana, on 17 March 2010.
Petsec Energy submitted a sole bid of US$158,900 on the lease and will own a 100% working interest. The lease is located in approximately 157 feet of water and contains the Gazelle Prospect with un-risked reserve potential of 30 - 60 Bcfe.
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Petsec Energy Ltd
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