o Lancaster and Lincoln subareas of P1368 extended for five years. o Sub-vertical well to determine maximum extent of Lancaster committed in 2021. o Hurricane considering accelerating Lancaster drilling in 2020 to utilise rig availability.
RNS Number: 7450 W Hurricane Energy PLC 12 December 2019 TR-1: S tandard form for notification of major holdings. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 1212 W Hurricane Energy PLC 09 December 2019 TR-1: S tandard form for notification of major holdings. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 2425 V Hurricane Energy PLC 02 December 2019 2 December 2019. 'Warwick West' 204/ 30 b-4 Well Result. Hurricane Energy plc, the UK based oil and gas company focused on hydrocarbon resources in naturally fractured basement reservoirs, reports the results of testing of the 204/ 30 b-4 well and provides an update in relation to the Lancaster Early Production...
Warwick West is the third and final well of the 2019 Greater Warwick Area drilling programme on Hurricane's Lincoln and Warwick assets. The Company's acreage is concentrated on the Rona Ridge, in the West of Shetland region of the UK Continental Shelf.. The Lancaster field is the UK's first producing basement field.
Hurricane Energy plc, the UK based oil and gas company focused on hydrocarbon resources in naturally fractured basement reservoirs, provides an update in relation to the 204/ 30 b-4 well.. The Company's acreage is concentrated on the Rona Ridge, in the West of Shetland region of the UK Continental Shelf.. The Lancaster field is the UK's first producing basement...
Hurricane Energy Hurricane has announced that it has spudded the Warwick West well, the 3rd well in the 2019 drilling programme with Spirit Energy.
Warwick West is the third and final well of the 2019 Greater Warwick Area drilling programme on Hurricane's Lincoln and Warwick assets. The Company's acreage is concentrated on the Rona Ridge, in the West of Shetland region of the UK Continental Shelf.. The Lancaster field is the UK's first producing basement field.
Hurricane Energy Normally I suggest that Interims are history and accordingly of little interest, on this occasion I think that if I said that the CFO would have my guts for garters. As he himself said at the conference call these are the first interims with any relevance. As I am travelling at present this blog will be short due to internet stuff but will try to add more detail in due course. The best news is that the company has over 14/- b/d of production which adds over 1.6m barrels of oil which in the interim period gave an operating profit of $1.2m . Finally at Lancaster the overall system availability in the EPS has exceeded long-term guidance of 85%. The rig has moved to Warwick West and will spud soon. Any success here would hopefully link to the gauge left in the Lincoln Crystal well but it should be borne in mind that due to some operational delays the programme is running a little late and that drilling and testing will be carried out in the latter part of the year where foul weather may have some bearing on the timing. The company are rightly urging the usual caution about the long term nature of the Lancaster programme and that it will take at least six months of steady state production ‘before we can evaluate the validity of our reservoir model’. Hurricane continues to deliver the goods and whilst some metrics inevitably change it looks to me as if critics may be struggling to deny the existence and deliverability of the fractured basement concept.
Hurricane Energy Plc (HUR.L) Announced, in its half-year results for the period ended 30 June 2019, that revenues stood at $22.5 million during the period. The company’s loss before tax stood at $27.48 million, compared to a loss of $75.08 million reported in the previous year. The basic and diluted loss per share stood at 1.08c compared to loss of 3.83c reported in the previous year. The company’s cash and cash equivalents stood at $96.77 million (2018: $163.69 million).
RNS Number: 0365 N Hurricane Energy PLC 20 September 2019 20 September 2019. Hurricane Energy plc, the UK based oil and gas company focused on hydrocarbon resources in naturally fractured basement reservoirs, is pleased to provide its 2019 interim report and half-year results for the period ended 30 June 2019.. "Since first oil, Hurricane has sold over 1.6...
Lincoln Crestal positive flow test Hurricane Energy This morning Hurricane Energy announced the flow test results from its Lincoln Crestal well, the second well of a three-well drilling campaign in the Greater Warwick Area (GWA). The well tested at a maximum stable flow rate of 9,800bopd using electrical submersible pumps (ESPs). The well flowed at an average rate of 4,682bopd under natural conditions and no formation water was produced. The well will now be suspended, with the intention that it will be used for production via tie-back to Lancaster’s Aoka Mizu FPSO in 2020, subject to further work, regulatory consent and final investment decision by the joint venture. Production from the tie-back would generate reservoir data to be used in planning future phases of development of GWA. The drilling rig will now move to the location for the third and last well of the 2019 drilling programme, Warwick West. Our latest risked valuation of Hurricane Energy stands at 102.8p/share, with GWA tie-back being valued at 3.5p/share and GWA FFD at 21.6p/share. Hurricane Energy is currently trading at 49.0p/share. Analysts Carlos Gomes Elaine Reynolds
Hurricane Energy Hurricane has announced the results of the Lincoln Crestal well which show a maximum stable flow rate of 9,800 stb/d on Esp’s of 43 API oil and with no water. It produced 4,682 b/d under natural conditions and will be suspended as a producer with L/T gauges to test interference with other GWA wells. This is another excellent result for Hurricane, it is another commercial discovery and will be tied back to the Aoka Mizu. This is the second well in a three well programme on the GWA and the rig will now move to drill Warwick West.
Hurricane Energy Plc (HUR.L) Announced the results of testing of the 205/26b-14 well ("Lincoln Crestal"). Testing of the Lincoln Crestal well recorded a maximum stable flowrate of 9,800 stock tank barrels of oil per day ("stb/d") with the use of electrical submersible pumps ("ESPs"). The well flowed at an average rate of 4,682 stb/d under natural conditions. No formation water was produced. Lincoln Crestal is the second well in a three-well programme on the Greater Warwick Area ("GWA"). The well was spudded on 12 July 2019 and was drilled to a total depth of 1,780 m TVDSS. It included a 720 m horizontal section of fractured basement reservoir. The Transocean Leader semi-submersible rig will now move to the location for the third well in the 2019 GWA drilling programme, 204/30b-A 'Warwick West'.
Hurricane Energy plc, the UK based oil and gas company focused on hydrocarbon resources in naturally fractured basement reservoirs, is pleased to report the results of testing of the 205/ 26 b-14 well.. ·Lincoln confirmed to contain light, 43 ° API oil. Lincoln Crestal is the second well in a three-well programme on the Greater Warwick Area.
Hurricane Energy A ‘Lincoln Crestal’ well update this morning from Hurricane after the company noted speculation regarding the flare on the Transocean Leader drilling rig. The Company confirms that a DST has produced oil to surface resulting in a flare. At 13:10 on the 8th of September the well was shut in to enable a planned pressure build-up test and the company will update the market on initial results of the well, including flow rates and oil type, following completion of the ongoing testing phase.
Hurricane Energy’s (HUR) share price has climbed on Monday morning after the company confirmed reports about flaring at its Lincoln Crestal test well. Hurricane said the ongoing drill stem test at the well had “produced oil to surface, resulting in a flare”. Its share price climbed 7 per cent on the news to 46p. Hurricane said it would announce flow rates and oil type when the well test was done.
The Company's acreage is concentrated on the Rona Ridge, in the West of Shetland region of the UK Continental Shelf.. The Lancaster field 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.
Hurricane Energy A Lancaster EPS and Lincoln Crestal well operational update from Hurricane this morning. Today’s announcement on Lancaster shows the availability and production since first oil is ‘above guidance’ with an average production rate from first oil to August 17th of 14,400 b/d which equates to 1.2m barrels of oil sold. Production has been constrained by use of only one of two subsea flowlines during a ‘significant’ portion of that time as a result of operational necessity, limiting maximum production capacity and the company’s ability to carry out activities to increase their understanding of the reservoir’s performance. Operations have recommenced with two flowlines but despite recent constraints the system availability, production and cash flow have been above the company’s guidance. With the next phase of commissioning over the coming months production and availability will be constrained as expected but overall will stay within prior guidance of 45% for Q3 and 65% for Q4 indicating 2H production of 11/- b/d. At this time, with the company continuing to carry out operational and reservoir testing it is unwise to extrapolate any one specific period of production, as indicated at the company’s Capital Markets Day. Water cut continues to indicate the presence within expected ranges of stranded or perched water, with no indications of aquifer water, with production from only one flowline water cut cannot be cannot be attributed between two wells. Forward commissioning for the Lancaster EPS over the coming months will include fuel gas compressor commissioning to reduce long-term flaring levels and operational expenditure as well as produced water system commissioning activities and a return to dual flowline operations. Finally the company has given the market some up to date news about the Lincoln Crestal well currently being drilled with Spirit Energy in the Greater Warwick area. The well has reached total depth of 1,780m TVDSS including a 720m horizontal section of the fractured basement reservoir and operations have moved on to preparations for a DST.
Hurricane Energy Plc (HUR.L) Announced in an operational update in relation to the Lancaster Early Production System (Lancaster EPS) and the 205/26b-14 well (Lincoln Crestal), that the start-up phase of the Lancaster EPS commenced with introduction of hydrocarbons on 11 May 2019. The first oil milestone (First Oil) was achieved on 4 June 2019. For a significant portion of the period from First Oil to date, production has been constrained by the use of only one of two subsea flowlines, as a result of operational necessity. This has limited maximum production capacity and the company’s ability to carry out activities planned to increase the company's understanding of the reservoir's performance. Notwithstanding this constraint, since First Oil, Lancaster EPS system availability, production and cash flow generation have been above company guidance. Operations have now recommenced with two flowlines. As operations move into the next phase of commissioning over the coming months, production and availability are likely to be constrained as certain planned works and delayed data gathering activities will require periods of production shut in. The company therefore expects system availability to revert towards prior guidance, being 45% for Q3 and 65% for Q4.
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Company Profile

Hurricane Energy was founded in 2005 by Dr Robert Trice with the help and encouragement of a private investor, in the belief that fractured basement reservoirs represent a significant untapped resource. Beginning with just a few highly expert staff, Hurricane gradually established a team of specialists with the skills, experience and determination to locate and develop this resource potential. Through successful participation in a series of UK licensing rounds Hurricane has built a portfolio of licences on the Rona Ridge, a major NE-SW trending basement feature on the UK Continental Shelf, to the west of the Shetland Islands. An extensive work programme has led to a number of significant discoveries (as defined under the SPE PRMS) in the Company's acreage, including Lancaster, Lincoln, Halifax and Whirlwind. In just a short time Hurricane has achieved a great deal. During 2009 and 2010, the average size of oil discovery within the UK Continental Shelf was 20-23 million barrels. In the same period, Hurricane discovered around 200 million barrels, twice. These figures were independently verified by RPS Energy in a Competent Person's Report in 2013. Subsequent appraisal of Lancaster has doubled the contingent resources attributed to the field and led to the assignment of reserves associated with the first phase of development, an Early Production System (EPS). Further drilling on Lincoln and Halifax led to a further significant Resource upgrade with a new RPS Energy CPR in December 2017, bringing total 2P and 2C Contingent Resources to 2.6 billion barrels of oil equivalent. Since inception, Hurricane has identified basement prospects, discovered oil and is now moving forward to validate its model for basement exploration through extended production.

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The Wharf
Abbey Mill Business Park
Lower Eashing, Groud floor
Godalming
GU7 2QN
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