Petsec begins production at new well

Company News

Petsec Energy Limited (ASX:PSA) says it has commenced production at its 25 per cent owned Mystic Bayou Discovery Well in the US state of Louisiana. 
The well is producing at a rate of 5 million cubic feet of gas per day and shows no water. 
Once production has stabilised rates will be increased to optimise well performance and recovery. 
Petsec reported a net loss of $4.8 million for the 2015 financial year. 

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