Pony appraisal well hits target

Hess-operated Gulf of Mexico Pony No. 2 sidetrack well in Green Canyon block 468 has encountered the same objective sands as Pony No. 1 and No. 2 wells, according to the company.

Jun 5th, 2008

Offshore Staff

NEW YORK -- Hess-operated Gulf of Mexico Pony No. 2 sidetrack well in Green Canyon block 468 has encountered the same objective sands as Pony No. 1 and No. 2 wells, according to the company. The sidetrack appraisal well reached a measured depth of 33,362 ft (10,169 m) from a surface location 7,400 ft (2,256 m) northwest of the discovery well. The main pay sand was oil-filled throughout the interval drilled, Hess says.

Recoverable resources are estimated to be approximately 200 MMboe. The company is currently evaluating development concepts.

06/05/2008

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