Cost of Covid-19: Australian junior Petsec exits US business

Company to focus on its assets in Yemen as low oil prices see cash flows from US operations dry up

Sold: Petsec's US interests included a stake in the Hummer field — Sold: Petsec's US interests included a stake in the Hummer fieldPhoto: PETSEC ENERGY

Josh Lewis

Perth

USA Petsec Energy Yemen Terrence Fern Syed Bokhari

Published 6 August 2020, 04:45Updated 6 August 2020, 04:47