Hess Corporation (ticker: HES, exchange: New York Stock Exchange (.N))
News Release -
Amerada Hess Announces Successful Results Of G-13-2 Appraisal Well
Amerada Hess Corporation (NYSE: AHC) announced today that the G-13-2 well drilled
in Block G, offshore Equatorial Guinea in the Rio Muni Basin, has confirmed the
G-13 discovery made in November 2002. The G-13-2 well encountered 397 feet of
net oil pay. It was drilled to a total depth of 12,565 feet in 2,625 feet of water.
The G-13-2 well is located about 2.3 miles southeast of the G-13 discovery well
and 13 miles south of the Ceiba Field.
Brian Maxted, Senior Vice President of Global Exploration said that "this
well is very encouraging and demonstrates an important extension of the G-13 discovery.
It significantly increases the likelihood that this area will prove to be an important
new oil fairway. Additional appraisal drilling is planned."
Contact: Amerada Hess Corporation.......C.T. Tursi (212) 536-8593