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Interim Well Update

Hurricane announces that the 205 21a-7Z well (the "Horizontal Sidetrack Well") has achieved a sustainable flow rate using an Electrical Submersible Pump of 14,500 stock tank barrels of oil per day with no produced formation water. The flow rate was constrained by the test equipment.

 

£70 million Placing

Hurricane is pleased to announce that it has conditionally raised gross proceeds of £70 million through a proposed issue of 205,882,353 Placing Shares at a price of 34 pence per share.

The Company is also proposing separately to make an Open Offer to all Qualifying Shareholders to enable Qualifying Shareholders to have the opportunity to participate in the capital raising process at the Issue Price. 

Environment and Safety

The first priority for Hurricane is the safety of our people and anyone working with us. We also ensure that any activity has minimal impact on the environment. We take positive steps to address the environmental impacts of our business operations, overseen by our Environmental Committee and managed through our fully certified Environmental Management System (NQA ISO 14001).

Latest News

28 November 2016

Hurricane is pleased to announce that it has signed Heads of Terms with Bluewater Energy Services ("BES") for the use of the Aoka Mizu Floating Production Storage and Offloading Vessel ("FPSO") on the Company's Lancaster field, West of Shetland. Hurricane…

28 November 2016

Hurricane announces that, further to the rig contract amendments entered into with Transocean, the Company exercised its option over the Transocean Spitsbergen drilling rig on 25 November 2016 in order to drill the Halifax prospect. The Halifax well will be…

18 November 2016

Hurricane is pleased to announce that it has been awarded the P2308 licence ("Halifax") by the Oil and Gas Authority in an out of round application. The licence is contiguous to, and extends north east from, Hurricane's existing Lancaster licence…