post hurricanes production update

Petsec Energy advises that its offshore gas fields in the Gulf of Mexico and onshore
Louisiana did not suffer material damage from last week’s Hurricane Ike, the second
hurricane to pass through the region this month.
Overnight, the Company’s largest offshore field, the Chandeleur 31/21 gas field was
brought back into production. Main Pass 20 and three Mobile Bay wells have also
resumed production together with two onshore fields. Total production yesterday was
approximately 16 million cubic feet of gas equivalent.