Petsec recently acquired the West Cameron 343 block at the US Minerals Management Service offshore Louisiana lease sale, with a bid of US$128,875.
The well is located 80km south of Cameron Parish, offshore Louisiana in the Gulf of Mexico, and Petsec has a 75% working interest in the project.
Production casing is currently being set prior to the well being suspended for future completion. No reserve estimates have been made, but the well results are consistent with the pre-drill mapped potential, said Petsec.
Petsec has said it will drill the West Cameron #A-18 well when current activities on the West Cameron #A-17 well are completed.
The well will also be drilled from the West Cameron 352 'A' production platform to targets in the adjoining West Cameron 343 lease. Proposed total measured depth is about 3085 metres.
Petsec was trading at 26 cents on the ASX, or up 6%.
