Hess Announces Nimblefoot-1 Natural Gas Discovery in Australia

Hess Corporation announced that the Nimblefoot-1 exploration well on Australia’s Northwest Shelf discovered natural gas. The well encountered 93 feet (28 meters) of net gas pay.

Nimblefoot-1 is the third of four initial exploration wells being drilled on the WA-390-P Permit by Hess in 2008. The previous wells, Glencoe-1 and Briseis-1, were announced as discoveries on June 10, 2008 and July 20, 2008, respectively.

“The results of this well support our view of the potential of the WA-390-P Permit and will contribute important data as we continue to refine our geological model of the area,” said John O’Connor, Hess President of Exploration and Production.

Nimblefoot-1 was drilled in 3,658 feet (1,115 meters) of water by the semi-submersible rig, Jack Bates. Following the completion of the Nimblefoot-1 well, the Jack Bates rig will move 27 kilometers southeast to drill the Warrior prospect.

Hess holds a 100 percent interest in the 780,000 acre WA-390-P Permit.

Hess Corporation, with headquarters in New York, is a global integrated energy company engaged in the exploration, production, purchase, transportation and sale of crude oil and natural gas, as well as the production and sale of refined petroleum products. More information on Hess Corporation is available at www.hess.com.