Hurricane is all about the discovery and development of oil from fractured basement reservoirs.
Hurricane is pleased to announce the successful completion of the testing phase of its key horizontal appraisal well in the Lancaster fractured basement oil discovery West of Shetland. The well has been suspended as a future producer.
The maximum sustained oil flow rate was 9,800 stock tank barrels of oil per day (STB/d), which was constrained by the capacity of the surface test equipment. The measured well productivity index of 160 STB/d/psi demonstrates a very good quality reservoir pressure and indicates that under production conditions and a moderate 120 psi drawdown, the basement reservoir could deliver 20,000 STB/d from a single well.
Click the link for a summary of the post-well analysis.
Hurricane has 100% control of around 450 million barrels of 2C Contingent Resources across our assets, all located within the UK Continental Shelf. Our Competent Person's Report provides an independent and comprehensive assessment of what Hurricane has discovered on some large geological structures.
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).
09 May 2016
Hurricane is pleased to announce that at the general meeting of the Company, held earlier today, all resolutions proposed were duly passed. The Company announced on 18 April 2016 that it had conditionally raised approximately £52.1 million (before expenses)…
18 April 2016
Hurricane published unaudited financial results for the year ended 31 December 2015 on 18 April 2015. You can access and download a PDF of the document here . The Annual Report and Group Financial Statements will follow in due course.
18 April 2016
Hurricane is pleased to announce that it has conditionally raised gross proceeds of approximately £52.1 million through a proposed issue of 347,245,265 New Ordinary Shares at a price of 15 pence per share. The Company is pleased…