Why Invest in Petsec Energy?

Why Invest in Petsec Energy?

Experienced Board and Skilled Management Team

  • Extensive knowledge and experience
  • Proven track record of success

Historical Exploration Success

  • Strong record of conventional exploration success in the USA
  • In the USA, in the period from 1991 to 2020 Petsec Energy has drilled over 100 wells with a 74% success rate

Large Growth Potential

  • MENA – 100% working interest in Damis (Block S-1) Production Licence in Yemen and  operatorship. Area contains five sizeable, oil and gas discoveries including the developed/productive An Nagyah Oilfield complete with surface facilities to process and transport 20,000 bopd
  • The An Nagyah Oilfield is estimated to have remaining net 2P reserves of 5.6 MMbbl with a NPV10 of US$155.4 million at 1 January 2016 (DeGolyer and MacNaughton)
  • 75% working interest and operatorship in Block 7, Yemen
  • Block 7 contains the undeveloped Al Meashar oil discovery (target resource of 11 MMbo to > 50 MMbo) plus eight high potential prospects/leads in a large lease area covering 5,000 square kilometres with target sizes ranging from 2 to 900 MMbo gross