Hurricane Energy PLC Block Listing Cancellation & Block Listing Return (2171W)
November 10 2017 - 11:45AM
UK Regulatory
TIDMHUR
RNS Number : 2171W
Hurricane Energy PLC
10 November 2017
10 November 2017
Hurricane Energy plc
("Hurricane" or the "Company")
Block Listing Cancellation and Block Listing Return
Hurricane announces that, pursuant to the block listing of
25,000,000 ordinary shares of 0.1p each in the capital of the
Company (the "Shares") announced on 12 May 2017 (the "Block
Listing"), the Company has allotted a total of 25,000,000 Shares,
as announced on 17 May 2017. As such, no further Shares will be
allotted pursuant to the Block Listing, and the Block Listing is
hereby cancelled.
A final block listing return in respect of the Block Listing is
set out below:
Name of applicant: Hurricane Energy plc
-------------------------------- --------------------------------
Name of scheme: Block listing of ordinary
shares in Hurricane Energy
plc. in relation to the
2017 warrant scheme
-------------------------------- --------------------------------
Period of return: From: 12 May To: 10 November
2017 2017
---------------------- -------- --------- ----- --------------
Balance of unallotted
securities under scheme(s)
from previous return: 25,000,000
-------------------------------- --------------------------------
Plus: The amount by Nil
which the block scheme(s)
has been increased
since the date of
the last return (if
any increase has been
applied for):
-------------------------------- --------------------------------
Less: Number of securities
issued/allotted under
scheme(s) during period
(see LR3.5.7G): 25,000,000
-------------------------------- --------------------------------
Equals: Balance under Nil
scheme(s) not yet
issued/allotted at
end of period:
-------------------------------- --------------------------------
IMPORTANT NOTE: This is the final return
for this block listing. No further shares
will be allotted pursuant to this block
listing.
------------------------------------------------------------------
Name of contact: Ben Leith
-------------------------------- --------------------------------
Telephone number of
contact: +44 (0)1483 862 820
-------------------------------- --------------------------------
Contacts:
Stifel
Nicolaus Nomad and Broker
Europe Callum Stewart/Nicholas +44 (0)20 7710
Limited Rhodes/Ashton Clanfield 7600
Vigo Communications Public Relations +44 (0)20 7830
Patrick d'Ancona/Ben 9704
Simons Hurricane@vigocomms.com
About Hurricane
Hurricane was established to discover, appraise and develop
hydrocarbon resources associated with naturally fractured basement
reservoirs.
The Company's acreage is concentrated on the Rona Ridge, West of
Shetland. The Lancaster field, Hurricane's most appraised asset,
has combined 2P Reserves plus 2C Resources of 523 million stock
tank barrels of oil. The Company is currently proceeding towards
the first phase of development of Lancaster, an Early Production
System, with first oil targeted for 1H 2019.
During the 2016-2017 drilling campaign, the Company made two
significant discoveries* at Halifax and Lincoln, indicating that
the Greater Lancaster Area and the Greater Warwick Area have the
potential to be two large accumulations.
Hurricane's other assets include Whirlwind, which has 2C
Contingent Resources of 205 million barrels of oil equivalent
(under the Whirlwind oil case).
*Discovery under SPE PRMS definitions
Inside Information
This announcement contains inside information as stipulated
under the market abuse regulation (EU no. 596/2014). Upon the
publication of this announcement via regulatory information service
this inside information is now considered to be in the public
domain.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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