Hurricane Energy PLC Confirmation of details of the Convening Hearing (2162Z)
May 20 2021 - 2:00AM
UK Regulatory
TIDMHUR
RNS Number : 2162Z
Hurricane Energy PLC
20 May 2021
20 May 2021
Hurricane Energy plc
("Hurricane" or the "Company")
Confirmation of details of the Convening Hearing
Further to the practice statement letter published by Hurricane
on 30 April 2021 in connection with the restructuring plan (the
"Restructuring Plan") proposed under Part 26A of the Companies Act
2006 (the "Practice Statement Letter"), the Company confirms that
the Convening Hearing relating to the Restructuring Plan will take
place on Friday 21 May 2021 at 10:30 a.m. (London time) before Mr
Justice Zacaroli, with case number CR-2021-000852. Attendance at
the Convening Hearing will be virtually via Microsoft Teams in
light of the COVID-19 pandemic.
The Convening Hearing is for the purposes of seeking an order
making certain directions in relation to the Restructuring Plan
including permission to convene a single meeting of Bondholders for
the purpose of considering and, if thought fit, approving the
Restructuring Plan.
The Company also confirms that an updated draft of the
Explanatory Statement (including appendices) has been uploaded to
the Company's website at www.hurricaneenergy.com .
Capitalised terms used but not defined in this notice shall have
the meaning given to them in the Practice Statement Letter.
-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 +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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END
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