Hurricane is all about the discovery and development of oil from fractured basement reservoirs.
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.
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.
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).
20 December 2016
Hurricane announces that the Company has completed the drilling and logging phase of the 205/26b-A well (the "Lincoln Well"). The information communicated below relating to the Lincoln Well is preliminary and will be updated following detailed analysis once the final…
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…