UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE
SECURITIES EXCHANGE ACT OF 1934
Commission file number 0-28608
PETSEC ENERGY LTD
(Translation of registrant's name into English)
LEVEL 13, 1 ALFRED STREET, SYDNEY, NSW 2000, AUSTRALIA
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports
under cover of Form 20-F or Form 40-F. Form 20-F /x/ Form 40-F / /
Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes / / No /x/
Certain statements in this report regarding future expectations and
plans of the Company may be regarded as "forward-looking statements" within the
meaning of Section 27A of the USA Securities Act of 1933 and Section 21E of the
USA Securities Exchange Act of 1934. Although the Company believes that its
expectations and plans are based upon reasonable assumptions, it can give no
assurance that its goals will be met. Actual results may vary significantly from
those anticipated due to many factors, including oil and gas prices, operating
hazards, drilling risks, environmental risks and uncertainties in interpreting
engineering and other data relating to oil and gas reservoirs, as well as other
risks discussed in the Company's SEC filings.
The following releases were filed with the Australian Stock Exchange on the
dates indicated.
PETSEC ENERGY LTD
ACN 000 602 700
9 March 2005
SECOND DRILLING SUCCESS ONSHORE LOUISIANA
Petsec Energy Ltd (ASX, PSA; ADR's, PSJEY.PK)
The second well in Petsec Energy's onshore Louisiana drilling programme has
intersected two gas sands and will be completed for production. Operations to
complete the well are expected to take several weeks, following which it will be
connected into a nearby transportation pipeline. Petsec holds a net revenue
interest of 17.5%.
The first well of the programme has now been completed for production and is
expected to be connected to the supply pipeline within a week.
The third well of the programme is expected to spud within the next month.
For Further Information:
Mr. Craig Jones Mr. Ross A. Keogh
Petsec Energy Ltd Petsec Energy Inc.
Level 13 3861 Ambassador Caffery Parkway
1 Alfred Street Suite 500
Sydney NSW 2000 Lafayette, LA 70503
Tel: 612 9247 4605 Tel: 1 (337) 989 1942
Fax: 612 9251 2410 Fax: 1 (337) 989 7271
PETSEC ENERGY LTD
ACN 000 602 700
17 March 2005
PETSEC TO ACQUIRE TWO NEW LEASES
IN GULF OF MEXICO, USA
Petsec Energy Ltd (ASX, PSA; ADR's, PSJEY.PK)
Petsec Energy has submitted the highest bids on two leases at the Central Gulf
of Mexico Lease Sale 194 conducted by the Mineral Management Service (MMS) in
New Orleans yesterday.
The leases will be awarded to Petsec subject to the approval of the MMS.
Details of the two leases and amounts bid are:
Lease Acres Bid amount
--------------------- ------------ -------------
Main Pass 18 2,497 US$ 1,488,800
Main Pass 103 4,995 US$ 529,990
--------------------- ------------ -------------
The new leases are adjacent to and to the north of Petsec's existing Main Pass
19 lease which it acquired last year. Petsec Energy will have a 100% working
interest (83.33% net revenue interest) in these new leases when they are
awarded.
Executive Chairman Mr. Terry Fern said "He was very pleased to acquire these two
leases which will give Petsec three contiguous blocks in the Main Pass area. The
development of these two new blocks will benefit from the development of Main
Pass 19 where a three well drilling programme is anticipated to commence by late
March or early April."
For Further Information:
Mr. Craig Jones Mr. Ross A. Keogh
Petsec Energy Ltd Petsec Energy Inc.
Level 13 3861 Ambassador Caffery Parkway
1 Alfred Street Suite 500
Sydney NSW 2000 Lafayette, LA 70503
Tel: 612 9247 4605 Tel: 1 (337) 989 1942
Fax: 612 9251 2410 Fax: 1 (337) 989 7271
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
Petsec Energy Ltd
Date: March 22, 2005 By:
/s/ Craig Jones
Craig Jones
General Manager - Corporate