PETSEC Energy's production for the first quarter of this year was up 28% over the previous quarte...
This reflected a full quarter's contributions from the Mobile Bay gas fields that started production in November 2007 and the seven gas fields it acquired around the same time.
The company said this met its expectations and forecast production for the full year remained unchanged at 15Bcfe.
Revenues for the quarter were up 44% to $38.5 million on the back of higher production and average sales prices.
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