Hurricane Energy PLC Publication of AGM Presentation (4868Q)
June 06 2018 - 6:15AM
UK Regulatory
TIDMHUR
RNS Number : 4868Q
Hurricane Energy PLC
06 June 2018
6 June 2018
Hurricane Energy plc
("Hurricane" or the "Company")
Publication of AGM Presentation
Hurricane Energy plc, the UK based oil and gas company focused
on hydrocarbon resources in naturally fractured basement
reservoirs, announces that a presentation which will be shown at
the Annual General Meeting of the Company, being held today, is
available for viewing on the General Meetings page within the
Investors section of the Company's website at
www.hurricaneenergy.com.
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 7390
Patrick d'Ancona / Ben 0234
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
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END
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