Harbour Energy reports oil find at Kan-1 well

Harbour Energy has reported an oil discovery from the Kan-1 exploration well off Mexico, in which it has a 30% interest.

The well, located in 50 metres of water, was drilled to a total measured depth of 3,317 metres and encountered more than 170 metres of net pay. Block partners will now evaluate the well data collected and put together a proposed plan to appraise the discovery, Harbour said.

Reporting by Frank Prenesti for Sharecast.com