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Stock Market & Financial Investment News

News Breaks
December 12, 2012
08:02 EDTHESHess Corp. announces Pecan-1 discovery in offshore Ghana
Hess Corporation filed a notice of discovery with the Ghana National Petroleum Corporation for the Pecan-1 exploration well located in the Deepwater Tano / Cape Three Points license offshore Ghana, which has encountered 245 net feet of oil pay in two separate Turonian intervals. Hess currently has a 90% interest in the block. The Ghana National Petroleum Corporation (GNPC) holds the remaining 10%. The Pecan-1 well was drilled to a total depth of 15,420 feet in a water depth of 8,245 feet. Pecan-1 is Hessí fifth discovery on the block. Pre-development and further exploration activities are planned in 2013.
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April 23, 2014
08:00 EDTHESHess Corp. announces sale of Thailand assets for $1B to PTTEP
Hess Corporation announced it has sold its interests in both the Sinphuhorm and Pailin Fields located in Thailand to PTT Exploration and Production Public Company Limited for a total after-tax consideration of approximately $1B, effective July 1, 2013. Together, the two assets produced an average of 17,000 barrels of oil equivalent per day net to Hess in 2013. Hess will use the proceeds from this sale to continue repurchasing shares under its existing $4B authorization.
06:21 EDTHESPTTEP to buy Hess Corp.'s Thailand assets for $1B
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