TIDMHUR

RNS Number : 4170B

Hurricane Energy PLC

07 October 2020

7 October 2020

Hurricane Energy plc

("Hurricane" or the "Company")

Holding(s) in Company

Hurricane Energy plc announces that on 7 October 2020 it received notification that Alken Asset Management no longer has an interest in the issued share capital of the Company.

-ends-

Contacts:

 
 Hurricane Energy plc                           +44 (0)1483 862 
  Philip Corbett, Head of Investor Relations     820 
 Stifel Nicolaus Europe Limited 
  Nominated Adviser & Joint Corporate Broker 
  Callum Stewart / Ashton Clanfield             +44 (0)20 7710 7600 
 Morgan Stanley & Co. International plc 
  Joint Corporate Broker 
  Andrew Foster / Tom Perry / Alex Smart        +44 (0)20 7425 8000 
 Vigo Communications 
  Public Relations 
  Patrick d'Ancona / Ben Simons 
  hurricane@vigocomms.com                       +44 (0)20 7390 0230 
 

About Hurricane Energy

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, in the West of Shetland region of the UK Continental Shelf.

The Lancaster field (100% owned by Hurricane) is the UK's first producing basement field. Hurricane is pursuing a phased development of Lancaster, starting with an Early Production System consisting of two wells tied-back to the Aoka Mizu FPSO. Hydrocarbons were introduced to the FPSO system on 11 May 2019 and the first oil milestone was achieved on 4 June 2019.

In September 2018, Spirit Energy farmed-in to 50% of the Lincoln and Warwick assets, committing to a phased work programme targeting sanction of an initial stage of full field development.

This announcement does not contain inside information

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(END) Dow Jones Newswires

October 07, 2020 10:26 ET (14:26 GMT)