{"id":107735,"title":"Discovery of oil in Mexico has resulted in an increase in the value of Harbour Energy’s shares.","publisher":"Share Talk","author":"sharetalk","published":"2023-04-26T09:30:28+00:00","modified":"2023-04-26T09:30:28+00:00","canonical_url":"https://www.share-talk.com/discovery-of-oil-in-mexico-has-resulted-in-an-increase-in-the-value-of-harbour-energys-shares/","markdown_url":"https://www.share-talk.com/discovery-of-oil-in-mexico-has-resulted-in-an-increase-in-the-value-of-harbour-energys-shares.md","json_url":"https://www.share-talk.com/discovery-of-oil-in-mexico-has-resulted-in-an-increase-in-the-value-of-harbour-energys-shares.json","category":"Energy","categories":["Energy"],"tags":["FTSE 250","gas","Harbour Energy","HBR","Indonesia","licensing","Mexico","North Sea","Norway","oil","round","Share Talk","Shell","TotalEnergies","Vietnam","wells","windfall tax"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2023/11/Stencil-Google-Chrome-2023-04-19-at-2.47.43-PM.jpeg?fit=1231%2C615&quality=89&ssl=1","format":"news","language":"en-GB","content":"**Harbour Energy PLC (LSE: HBR)** shares rose during early trading on Wednesday following the announcement of new oil discovery in the Mexican coastal waters.\n\nThe London-based independent producer revealed that its Kan-1 exploration well in the ‘Block 30’ lease encountered more than 170 metres of net pay in shallow waters at a depth of approximately 50 metres.\n\nThe well was drilled down to a depth of 3,317 metres, and a sidetrack was also drilled for analysis, with approximately 250 metres of core taken. Harbour, which holds a 30% interest in the exploration well, stated that the partners would assess the collected well data and formulate a plan to appraise the discovery.\n\nAs of the time of writing, Harbour shares traded at 249.20p, up 6.7p or 2.76%."}