Petsec Energy is pleased to advise that the first horizontal well on its shale oil project in Alberta, Canada has
been drilled to a total measured depth of 3,754 metres (12,313 feet) and is temporarily suspended for future
completion. The well was spud on 18 November 2012.
The horizontal section of the well, drilled laterally through the target zone, is approximately 1,000 metres (3,280
feet) in length. The well was extensively logged and cored, and casing was run and cemented to total depth
through the horizontal section. The data gathered from the well is currently being analysed to design the completion of the well for production, operations for which are anticipated in this quarter.
