Petsec Energy Ltd. Reported consolidated earnings and production results for the six months ended June 30, 2018. For the six months, the company reported revenues from sale of oil & gas and net revenues after royalties of $1,715,000 against $626,000 a year ago. Loss before income tax was $5,796,000 against $2,126,000 a year ago. Loss from continuing operations and loss for the period was $5,796,000 against $2,126,000 a year ago. Basic and diluted loss per share was $0.018 against $0.007 a year ago. Net cash used in operating activities was $2,877,000 against $3,469,000 a year ago. Payments for oil and gas, exploration and evaluation properties were $124,000 against $2,798,000 a year ago. LBITDAX was $1.4 million against $2.6 million a year ago.

The company reported net production for the six months ended 30 June 2018 of 452 MMcfe against 158 MMcfe a year ago.