Stone Energy +2.9% AH on Mississippi Canyon oil strike

|About: Stone Energy Corp (SGY)|By:, SA News Editor

Stone Energy (SGY+2.9% AH after announcing successful drilling at its deepwater Cardona South well at the Mississippi Canyon in the Gulf of Mexico.

SGY operates and owns a 65% working interest in the well, which encountered more than 275 feet of net oil pay in three separate sections of the well.

SGY says the Cardona South success sets up a potential second and third well in the fault block.