Hurricane Energy PLC Operational Update (3335S)
02 October 2017 - 5:00PM
UK Regulatory
TIDMHUR
RNS Number : 3335S
Hurricane Energy PLC
02 October 2017
2 October 2017
Hurricane Energy plc
("Hurricane" or the "Company")
Operational Update: arrival of FPSO 'Aoka Mizu' at Drydocks
World Dubai Shipyard
Hurricane Energy plc, the UK based oil and gas company focused
on hydrocarbon resources in naturally fractured basement
reservoirs, is pleased to announce that the FPSO 'Aoka Mizu'
arrived at Drydocks World Dubai shipyard on 30 September 2017.
Drydocks World is also undertaking the fabrication of the buoy,
where first steel has already been cut at its Dubai facility.
Contacts:
Dr Robert Trice (Chief
Hurricane Executive Officer)/
Energy Alistair Stobie (Chief +44 (0)1483 862
plc Financial Officer) 820
Stifel
Nicolaus Nomad and Broker
Europe Callum Stewart/Nicholas +44 (0)20 7710
Limited Rhodes/Ashton Clanfield 7600
Vigo Communications Public Relations +44 (0)20 7830
Patrick d'Ancona/Ben 9704
Simons Hurricane@vigocomms.com
Important notice
Forward looking statements and dates referenced in this
announcement, in relation to Hurricane's exploration and
development assets, are estimates and subject to change. Oil and
gas operations, particularly those relating to development stage
assets are subject to varying inputs that may impact timing,
including, inter alia, permitting; environmental regulation;
changes to regulators and regulation; third party manufacturers and
service providers and the weather. The Company's estimates of
timing for forward looking operations are based on the best
information it has to hand at the time, however these timings may
change with little or no notice to the Company. The Company will
update the market as and when it becomes aware of a material change
to any of the operations or timings referenced in this
announcement.
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 licence, the Company's most appraised
asset, has combined 2P Reserves and 2C Resources of 523 million
barrels. In addition, the Company has 205 million barrels of oil
equivalent on its Whirlwind licence (under the Whirlwind oil
case).
During the 2016-2017 drilling campaign the Company made two
significant discoveries* at Halifax and Lincoln, indicating that
the Greater Lancaster Area and the Greater Warwick Area have the
potential to be two large accumulations.
*Discovery under SPE PRMS definitions
This information is provided by RNS
The company news service from the London Stock Exchange
END
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