Hurricane Energy PLC Results Presentation (3435K)
April 10 2018 - 2:05AM
UK Regulatory
TIDMHUR
RNS Number : 3435K
Hurricane Energy PLC
10 April 2018
10 April 2018
Hurricane Energy plc
("Hurricane" or the "Company")
Results Presentation
Hurricane Energy plc, the UK based oil and gas company focused
on hydrocarbon resources in naturally fractured basement
reservoirs, announces that further to its final results
announcement earlier today, the Company has released a
presentation.
A copy of the presentation can be downloaded from the Company's
website at:
https://www.hurricaneenergy.com/communications/presentations.
Contacts:
Dr Robert Trice (Chief
Hurricane Executive Officer) /
Energy Alistair Stobie (Chief +44 (0)14 8386
plc Financial Officer) 2820
Stifel Nominated Adviser and
Nicolaus Corporate 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.
Hurricane's acreage is concentrated on the Rona Ridge, West of
Shetland. The Lancaster field, the Company's most appraised asset,
has combined 2P Reserves and 2C Contingent 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. Together, these
discoveries* have 2C Contingent Resources of 1,839 million barrels
of oil equivalent.
Hurricane's other assets include Warwick, which has best case
Prospective Resources of 935 million stock tank barrels of oil,
Whirlwind, which has 2C Contingent Resources of 205 million barrels
of oil equivalent (under the Whirlwind oil case) and Strathmore,
which has 2C Contingent Resources of 32 million stock tank barrels
of oil. Together, this brings Hurricane's total combined 2P
Reserves and 2C Contingent Resources to 2.6 billion barrels of oil
equivalent.
*Discovery - This classification is consistent with SPE/AAPG/WPC
and SPEE guidelines for Petroleum Resource Management -
Determination of Discovery Status
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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April 10, 2018 02:05 ET (06:05 GMT)
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