Hurricane energy company was founded in 2005 by Dr Robert Trice with the help and encouragement of a private investor, in the belief that fractured basement reservoirs represent a significant untapped resource.
Beginning with just a few highly expert staff, Hurricane gradually established a team of specialists with the skills, experience and determination to locate and develop this resource potential. Through successful participation in a series of UK licensing rounds we have built a portfolio which includes third party verified Contingent Resources, ready to drill prospects and exploration leads.
In a short time Hurricane energy has achieved a great deal. During 2009 and 2010, the average size of oil discovery within the UK Continental Shelf was 20-23 million barrels. In the same period, Hurricane discovered around 200 million barrels, twice. This is not just our opinion - these figures are from our independently produced Competent Person's Report.
Currently we have 450 million barrels of 2C Contingent Resources on acreage we control 100%.
Since inception, Hurricane energy company has identified basement prospects, discovered oil and, most importantly, validated our model for basement exploration.
We are excited by the potential of what we have already found, and there is more to come.