4 Energy Stock Stories Sparking Midweek Investment Chatter

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Statoil (NYSE:STO): Closing price $21.01

Norway?s Statoil has commenced the drilling of an anxiously-watched exploration well on the Cliffhanger North prospect at the Johan Sverdrup discovery, that could further reinforce resource potential at the giant find. The 16/2-18 S bore is now being drilled by the?semi-submersible rig Ocean Vanguard on the western fault margin of Sverdrup in Statoil-operated production license 265, says Statoil?s partner Lundin Petroleum. Statoil holds a 40-percent operated?interest in the license, with partners Det Norske Oljeselskap and Lundin at 20 and 10 percent,?respectively.

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