Wednesday, December 12, 2012

Reuters: Hot Stocks: Hess finds more oil off Ghana

Reuters: Hot Stocks
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Hess finds more oil off Ghana
Dec 12th 2012, 15:06

Wed Dec 12, 2012 10:06am EST

Dec 12 (Reuters) - U.S. oil and gas company Hess Corp said on Wednesday it made an oil discovery off Ghana at the Deepwater Tano/Cape Three Points license.

The oil found at Hess's Pecan-1 well marks its fifth discovery in the block, the New York company said.

Shares of Hess climbed nearly 3 percent to $51.98 in morning New York Stock Exchange trading. (Reporting By Anna Driver; Editing by Gerald E. McCormick)

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