TIDMHUR

RNS Number : 1442S

Hurricane Energy PLC

06 July 2020

6 July 2020

Hurricane Energy plc

("Hurricane" or the "Company")

Death of a Director

Hurricane Energy plc is deeply saddened to announce that Neil Platt, Chief Operations Officer, executive director and hugely respected colleague, passed away on 5 July 2020. Hurricane's Board of Directors extends its deepest condolences and sympathies to Neil's family at this time and would like to place on record its sincere gratitude for the exceptional role he has played in the development of the Company.

Steve Holmes, Production Operations Director, has been appointed Acting Chief Operations Officer.

Steven McTiernan, Chairman, commented:

"Everyone at Hurricane is deeply saddened by this news and our thoughts and sympathies are with Neil's family and friends. Neil's passion, enthusiasm and technical excellence were integral to the Company's growth over the past decade. His leadership was pivotal to the successful delivery and operation of the Lancaster Early Production System. This outstanding achievement is a fitting legacy for his career at Hurricane and will always remind us of his huge contribution. We will miss him terribly."

-ends-

Contacts:

 
 Hurricane Energy plc 
  Beverley Smith, Interim Chief Executive Officer    +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

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.

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.

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(END) Dow Jones Newswires

July 06, 2020 06:49 ET (10:49 GMT)