Hess Corporation (NYSE:HES) today announced that drilling of the Aspy
exploration well offshore Nova Scotia reached total depth of 7,400
meters. The prospect did not encounter commercial quantities of
hydrocarbons and Hess’ share of the well cost through September 30, 2018
will be expensed in the third quarter and reflected in the company’s
Quarterly Report on Form 10-Q. BP Canada as operator and Hess each hold
a 50 percent participating interest.
Hess Corporation is a leading global independent energy company engaged
in the exploration and production of crude oil and natural gas. More
information on Hess Corporation is available at http://www.hess.com.
Cautionary Statements
This news release contains projections and other forward-looking
statements within the meaning of Section 27A of the Securities Act of
1933 and Section 21E of the Securities Exchange Act of 1934. These
projections and statements reflect the company’s current views with
respect to future events and financial performance. No assurances can be
given, however, that these events will occur or that these projections
will be achieved, and actual results could differ materially from those
projected as a result of certain risk factors. A discussion of these
risk factors is included in the company’s periodic reports filed with
the Securities and Exchange Commission.
We use certain terms in this release relating to resources other than
proved reserves, such as unproved reserves or resources. Investors are
urged to consider closely the disclosure relating to proved reserves in
Hess’ Form 10-K, File No. 1-1204, available from Hess Corporation, 1185
Avenue of the Americas, New York, New York 10036 c/o Corporate Secretary
and on our website at www.hess.com
You can also obtain this form from the SEC on the EDGAR system.
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Copyright Business Wire 2018
Source: Business Wire
(November 9, 2018 - 2:09 PM EST)
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