News and Press Releases

Please also refer to our Regulatory News Service

28 November 2016

Agreement for use of FPSO at Lancaster Field

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…

28 November 2016

Exercise of option over Transocean Spitsbergen drilling rig

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…

18 November 2016

Award of P2308 Licence

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&nbsp…

09 November 2016

Lincoln 205/26b-A Well Spud

Hurricane is pleased to announce, following the successful completion of the Lancaster 7 Wells and the subsequent removal of the wear bushing from the 205-21a-6 well, the cessation of drilling activities on Lancaster and the spudding of the …

07 November 2016

Result of General Meeting - Completion of £70m Placing and Result of Open Offer

Hurricane is pleased to announce that at the general meeting of the Company, held earlier today, both resolutions proposed (the "Resolutions") were duly passed. …

27 October 2016

Completion of Horizontal Sidetrack well (205 21a-7Z) Test

Hurricane announces that testing operations on the 205 21a‐7Z Well (the "Horizontal Sidetrack Well") have been completed and the Company is now proceeding to suspend the well as a future producer, providing a second production well ahead of…

20 October 2016

£70 million Placing and up to £4.4 million Open Offer and Notice of General Meeting

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. …

18 October 2016

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…

12 October 2016

Selection of Technip and FMC Technologies, under their alliance, as Exclusive Subsea Provider

Hurricane  has provisionally selected Technip and FMC Technologies, under their alliance, as its exclusive provider of subsea solutions for the Lancaster Early Production System (“EPS”) and for subsequent development of the Greater…

09 September 2016

Completion of Pilot Well Operations

Hurricane announces that the Company has completed the testing and logging phase of the 205/21a-7 well (the “Pilot Well”) and operations are now progressing as planned to permanently abandon the Pilot Well reservoir section prior to side…