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Re: ChitForBrains post# 124

Tuesday, 07/17/2012 12:27:20 AM

Tuesday, July 17, 2012 12:27:20 AM

Post# of 306
Hess Growth Prospects

The company has acquired strategic acreage in the Utica shale play in Ohio, U.S., and the Kurdistan region of Iraq in 2011.

The company is expected to witness growth from its production in the Bakken Shale, North Dakota.

The company intends to continue the appraisal of the Eagle Ford Shale, Texas.

The company continued investment in it Tubular bells project in the deep water Gulf of Mexico.

The company has made significant progress on its assets in Australia, and expects further development going forward.

The company announced a discovery in offshore Ghana. The discovered well is expected to have 490 net feet of oil and condensate. The company is expected to continue drilling in 2012.

Petronas signed three production sharing contracts with HES for its gas fields off Malaysia's East Coast.

"My well came in big, so big, Bick and there's more down there and there's bigger wells. I'm rich, Bick. I'm a rich 'un. I'm a rich boy." - Jett Rink

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