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Petsec hit by double whammy

PETSEC Energy has reported a 47% drop in revenue to $US10.3 million ($A11.1 million) for the quar...

Production was down from 2.08 billion cubic feet of gas equivalent in 2008 to 1.6Bcfe in 2009 as a result of natural decline, some periods of shut-in due to pipeline maintenance, and delays in recompletions...

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