Petsec Energy Ltd. Reported consolidated earnings and production results for the full year ended December 31, 2018. For the period, the company reported revenues from sale of oil & gas was $3,142,000 compared to $1,316,000 a year ago. Net revenues after royalties was $3,142,000 compared to $1,316,000 a year ago. Loss for the period was $10,050,000 compared to $11,964,000 a year ago. Basic and diluted loss per share was $3.1 compared to $3.8 a year ago.

The company reported net production for the full year of 796 MMcfe compared to 347 MMcfe a year ago, up by 11%.