Hurricane Energy PLC Update on Competent Person's Report Timing (2079U)
March 31 2021 - 12:21PM
UK Regulatory
TIDMHUR
RNS Number : 2079U
Hurricane Energy PLC
31 March 2021
31 March 2021
Hurricane Energy plc
("Hurricane" or the "Company")
Update on Competent Person's Report Timing
Hurricane Energy plc, the UK based oil and gas company,
announces that the Competent Person's Report ("CPR") on the
Company's West of Shetland assets by ERC Equipoise Ltd is currently
being finalised. The Company expects to issue a summary of the CPR
during the week commencing 5 April 2021.
-ends-
Contacts:
Hurricane Energy plc
Antony Maris, Chief Executive Officer
Philip Corbett, Head of Investor Relations +44 (0)1483 862820
Stifel Nicolaus Europe Limited
Nominated Adviser & Joint Corporate Broker
Callum Stewart / Ashton Clanfield +44 (0)20 7710 7600
Investec Bank plc
Joint Corporate Broker
Chris Sim / Rahul Sharma +44 (0)20 7597 5970
Vigo Communications
Public Relations
Patrick d'Ancona / Ben Simons
hurricane@vigocomms.com +44 (0)20 7390 0230
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, 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.
Visit Hurricane's website at www.hurricaneenergy.com
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March 31, 2021 13:21 ET (17:21 GMT)
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